Carroll Public Library Foundation (EIN 261509209) - 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

2007

Legal Domicile

Phone

7127923432

Tax Period

2019-07-01 to 2020-06-30

Carroll Public Library Foundation, founded in 2007, is a small nonprofit in the Education sector that reported $405K in total revenue in fiscal year 2019. Revenue decreased 14% compared to the prior year. Expenses of $574K exceeded revenue, resulting in a 42% operating deficit.

Mission

To raise funds in Carroll, Iowa to be used for the benefit of the Carroll 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 (2019)

Revenue Breakdown

Contributions & Grants $402,953

Program Service Revenue $0

Investment Income $1,877

Other Revenue $0

TOTAL REVENUE $404,830

Expense Breakdown

Grants Paid $571,762

Salaries & Benefits $0

Fundraising Expenses $1,785

Program Expenses $571,762

Other Expenses $0

TOTAL EXPENSES $573,547

Year-over-Year Comparison

	2019	2018	Change
Revenue	$404,830	$468,775	-0.1%
Expenses	$573,547	$1,314,968	-0.6%
Net Income	$-168,717	$-846,193	-0.8%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Frank J Comito	Treasurer	Director	$0	$0	$0
Paul Reicks	Director	Director	$0	$0	$0
Doug Burns	Vice President	Director	$0	$0	$0
David Martin	Director	Director	$0	$0	$0
Julie Perkins	Director	Director	$0	$0	$0
Rachel Van Erdewyk	Director	Director	$0	$0	$0
Cecelia Comito	President & CEO	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
2020	$404,830	$573,547	$157,820	$-168,717
2019	$468,775	$1,314,968	$226,424	$-846,193
2018	$569,338	$97,641	$1,072,616	$471,697

Carroll Public Library Foundation