FREEPORT AREA LIBRARY ASSOCIATION (EIN 251342981) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

KELLIE ABBOTT

Phone

7242953616

Tax Period

2023-01-01 to 2023-12-31

FREEPORT AREA LIBRARY ASSOCIATION, founded in 1937, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Revenue surged 263% from the prior year, signaling strong growth momentum. Expenses of $71K left a modest 9% surplus.

Mission

PUBLIC LIBRARY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $55,843

Program Service Revenue $1,672

Investment Income $19,243

Other Revenue $537

TOTAL REVENUE $77,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,107

Fundraising Expenses $0

Program Expenses $61,103

Other Expenses $35,395

TOTAL EXPENSES $70,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,295	$21,320	+2.6%
Expenses	$70,502	$64,699	+0.1%
Net Income	$6,793	$-43,379	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$15,293

Total Directors

$4,637

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLIE ABBOTT	PRESIDENT	15.00	Officer	$0	$0	$0
NANCY HAGINS	VICE PRESIDENT	20.00	Officer	$15,293	$0	$15,293
MONA VANDYKE	SECRETARY	4.00	Officer	$0	$0	$0
HERMAN BAKER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE HAVEN	DIRECTOR	1.00	Director	$0	$0	$0
JANEEN FLEISHNER	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE NAPIERKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL ZEMA	DIRECTOR	3.00	Director	$4,637	$0	$4,637
ROGER KALMEYER	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$77,295	$70,502	$533,679	$6,793
2022	$21,320	$64,699	$525,163	$-43,379
2021	$74,652	$51,976	$568,555	$22,676
2020	$68,568	$55,924	$546,417	$12,644
2019	$97,158	$76,730	$533,782	$20,428

FREEPORT AREA LIBRARY ASSOCIATION