PROSPECT COMMUNITY LIBRARY

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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

1922

Legal Domicile

Phone

7248659718

Tax Period

2024-01-01 to 2024-12-31

PROSPECT COMMUNITY LIBRARY, founded in 1922, is a micro nonprofit in the Education sector that reported $74K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $69K left a modest 8% surplus.

Mission

PUBLIC LIBRARY PROVIDING ACCESS TO BOOKS AND PERIODICALS FOR THE ENCOURAGEMENT OF READING AS WELL AS MOVIES TO HELP SUPPLEMENT THE FINANCIAL NEEDS OF THE ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $68,646 Revenue: $73,750

ACCESS TO BOOKS, PERIODICALS, MOVIES, ETC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $73,750

Program Service Revenue $0

Investment Income $647

Other Revenue $0

TOTAL REVENUE $74,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,247

Fundraising Expenses $0

Program Expenses $68,646

Other Expenses $25,399

TOTAL EXPENSES $68,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,397	$86,668	-0.1%
Expenses	$68,646	$67,084	+0.0%
Net Income	$5,751	$19,584	-0.7%

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

N/A

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

Total Directors

Key Employees

$39,910

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SHARI HUNT	DIRECTOR	Key Emp	$24,960	$0	$24,960
SUZANNE ADAMS	ASSISTANT LIBRARIAN	Key Emp	$14,950	$0	$14,950
DRU BRYAN	PRESIDENT	Officer	$0	$0	$0
ROBERT THOMPSON	VICE-PRESIDENT	Officer	$0	$0	$0
JENN MARTIN	SECRETARY	Officer	$0	$0	$0
DOLLY HAYS	TREASURER	Officer	$0	$0	$0
LEANN BLASKO	BC FLS REPRESENTATIVE	Officer	$0	$0	$0
KAREN HOOVER	BOARD MEMBER	Officer	$0	$0	$0
MARY FISHER	BOARD MEMBER	Officer	$0	$0	$0
SAM WAGNER	BOARD MEMBER	Officer	$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	$74,397	$68,646	$148,201	$5,751
2023	$86,668	$67,084	$146,995	$19,584
2022	$71,472	$57,252	$131,899	$14,220
2021	$65,267	$61,195	$121,444	$4,072
2020	$52,789	$56,138	$120,837	$-3,349