MATTHEWS PUBLIC 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

1982

Legal Domicile

Phone

7178655523

Tax Period

2024-01-01 to 2024-12-31

MATTHEWS PUBLIC LIBRARY, founded in 1982, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $231K exceeded revenue, resulting in a 140% operating deficit.

Mission

DEDICATED TO THE PURPOSE OF PROVIDING FACILITIES AND SERVICES TOWARDS EDUCATION, RESEARCH, CULTURAL ENRICHMENT, AND READING ENJOYMENT.

Program Service Accomplishments

Program 1

Expenses: $188,971

PROVIDE READING MATERIALS FOR EDUCATIONAL, RECREATIONAL AND CULTURAL ENRICHMENT, PROVIDE SPECIAL FAMILY PROGRAMS THROUGH THE SUMMER AND PROVIDE ADULT PROGRAMS AND SERVICES

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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 $79,194

Program Service Revenue $3,758

Investment Income $1,927

Other Revenue $11,352

TOTAL REVENUE $96,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,564

Fundraising Expenses $10,422

Program Expenses $188,971

Other Expenses $91,093

TOTAL EXPENSES $230,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,231	$102,622	-0.1%
Expenses	$230,657	$228,783	+0.0%
Net Income	$-134,426	$-126,161	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE WERNER	Director	10.00	Director	$0	$0	$0
JUDY ORASKY	Treasurer	10.00	Officer Director	$0	$0	$0
DALE RICHARD JR	President	10.00	Officer Director	$0	$0	$0
GAY KREISER	Secretary	10.00	Officer Director	$0	$0	$0
ALLETTA SCHADLER	Director	10.00	Director	$0	$0	$0
LAURIE SHUEY	Vice President	10.00	Officer Director	$0	$0	$0
CHERRIE BOESHORE	Director	10.00	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	$96,231	$230,657	$7,568,615	$-134,426
2023	$102,622	$228,783	$6,443,448	$-126,161
2022	$192,793	$209,486	$6,663,213	$-16,693
2021	$968,193	$193,771	$7,419,927	$774,422
2020	$353,766	$196,242	$6,647,518	$157,524
2019	$2,089,441	$197,533	$6,488,972	$1,891,908
2018	$41,994	$206,180	$3,901,733	$-164,186