KURT VONNEGUT MEMORIAL LIBRARY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

JULIA WHITEHEAD

Phone

3176521954

Tax Period

2023-01-01 to 2023-12-31

KURT VONNEGUT MEMORIAL LIBRARY INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.

Mission

THE KVML IS A PUBLIC-BENEFIT, NONPROFIT ORGANIZATION CHAMPIONING THE LITERARY, ARTISTIC, AND CULTURAL CONTRIBUTIONS OF THE LATE WRITER, ARTIST, AND INDIANAPOLIS NATIVE, KURT VONNEGUT. THE LIBRARY SERVES AS A CULTURAL AND EDUCATIONAL RESOURCE FACILITY, MUSEUM, ART GALLERY, AND READING ROOM. IT SUPPORTS LANGUAGE AND VISUAL ARTS EDUCATION THROUGH PROGRAMS AND OUTREACH ACTIVITIES WITH OTHER LOCAL ARTS ORGANIZATIONS TO FOSTER A STRONG ARTS NETWORK FOR BOTH THE LOCAL AND NATIONAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $988,730 Revenue: $267,838

THE KVML IS A PUBLIC-BENEFIT, NONPROFIT ORGANIZATION CHAMPIONING THE LITERARY, ARTISTIC, AND CULTURAL CONTRIBUTIONS OF THE LATE WRITER, KURT VONNEGUT. WE CONDUCT SUICIDE PREVENTION TRAINING, AUTHOR TALKS, POETRY READINGS, A YOUTH WRITING CENTER, VETERANS PROGRAMMING, A READING ROOM, AND A LENDING LIBRARY. THE LIBRARY SERVES AS A CULTURAL AND EDUCATIONAL RESOURCE FACILITY, MUSEUM, AND ART GALLERY, PROVIDING AN ART GALLERY, MUSEUM, VENUE FOR FREE SPEECH DIALOGUE, AND A SHOP TO HIGHLIGHT THE LIFE OF KURT VONNEGUT THROUGH RESEARCH, ENTERTAINMENT, COMMUNITY OUTREACH AND DISCUSSION. DURING 2023, KVML SERVED 29,000 PEOPLE THROUGH OUR MUSEUM TOURS, FESTIVAL TABLES, EDUCATIONAL PROGRAMMING, EVENTS AND YOUTH WRITING PROGRAM. THIS IS AN INCREASE OVER 2022 BECUASE OUR YOUTH WRITING PROGRAM EXPANDED FROM ONE HIGH SCHOOL TO FOUR INDIANAPOLIS PUBLIC HIGH SCHOOLS. THIS FIGURE DOES NOT INCLUDE THE HUNDREDS OF INDIVIDUALS WHO RECEIVE FREE COPIES OF OUR BANNED BOOKS DISTRIBUTED THROUGHOUT THE COUNTRY IN AREAS WHERE BOOKS ARE BANNED OR CHALLENGED.

Program 2

VONNEGUT FEST - VONNEGUT FEST IS AN ANNUAL FESTIVAL HIGHLIGHTING VONNEGUT AND HIS INTERESTS RELATED TO ART, MUSIC, HUMOR, AND LITERATURE. THERE ARE SPEAKERS, PERFORMERS, AND SOME EVENTS ARE FREE TO THE PUBLIC. VETERANS RECLAIM ARMISTICE DAY IS ONE PORTION OF THIS DAY. WE HIGHLIGHT CONTRIBUTIONS OF VETERANS. KVML EXPANDED ITS ONLINE PROGRAMMING TO MEET THE DEMANDS OF A GLOBAL IMPORTANT VOICES IN VETERAN'S ISSUES. 800 PEOPLE ATTENDED THIS PROGRAMMING IN 2023.

Program 3

BY CREATING A "VIRTUAL MUSEUM" EXPERIENCE FEATURING VIDEOS WITH KVML PROGRAMS SUCH AS GRADUATION PARTIES WITH CELEBRITIES WHERE INDIVIDUAL GRADUATES NAMES WERE READ AND VONNEGUT'S GRADUATION SPEECHES WERE READ BY CELEBRITIES. KVML HOSTED ITS ANNUAL BANNED BOOKS WEEK AND HIGHLIGHTED VONNEGUT'S ENVIRONMENTALISM WITH A VARIETY OF IN-PERSON AND VIRTUAL PROGRAMS. KVML ALSO CONTINUED ITS YOUTH WRITING PROGRAM IN INDIANAPOLIS PUBLIC SCHOOLS THROUGH IN PERSON AND VIRTUAL MENTORING SESSIONS WITH STUDENTS. THIS PROGRAM WILL CONTINUE INTO FUTURE YEARS AND IS EXPANDING TO OTHER INDIANAPOLIS PUBLIC SCHOOLS. IN 2023, KVML OFFERED HYBRID FOR MANY PROGRAMS. APPROXIMATELY 3,200 VIEWERS COMBINED FOR THIS PROGRAMMING. THIS DOES NOT INCLUDE THE THOUSANDS OF PEOPLE WHO ACCESS VIDEOS ON OUT WEBSITE/YOUTUBE/VIMEO CHANNELS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,035,596

Program Service Revenue $65,500

Investment Income $8,105

Other Revenue $202,338

TOTAL REVENUE $1,311,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,099

Fundraising Expenses $61,299

Program Expenses $988,730

Other Expenses $729,540

TOTAL EXPENSES $1,225,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,311,539	$728,513	+0.8%
Expenses	$1,225,004	$1,487,245	-0.2%
Net Income	$86,535	$-758,732	-1.1%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$126,431

Total Directors