KURT VONNEGUT MEMORIAL LIBRARY INC (EIN 270825749) - 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

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

A PUBLIC-BENEFIT, NONPROFIT ORGANIZATION CHAMPIONING THE LITERARY, ARTISTIC, AND CULTURAL CONTRIBUTIONS OF THE LATE WRITER, ARTIST, AND INDIANAPOLIS NATIVE, KURT VONNEGUT.

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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 $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

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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

$126,431

Total Directors

$126,431

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA WHITEHEAD	EXECUTIVE DIRECTOR	40.00	Officer Director	$121,690	$4,741	$126,431
LEWIS BLACK	CHAIR	1.00	Officer Director	$0	$0	$0
TERRIAN BARNES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY CHRISTIE	TREASURER	1.00	Officer Director	$0	$0	$0
FRED BIESECKER	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM RODNEY ALLEN PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE BOSTELMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY BYRNES	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS CECIL JR	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS CROSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
TREVOR FOUGHTY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIOTT PATRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID JOSE	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY KUHN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MOORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE SOMMERS	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL TEIXEIRA	BOARD MEMBER	1.00	Director	$0	$0	$0
KIP TEW	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK VONNEGUT	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK WICKES	BOARD MEMBER	1.00	Director	$0	$0	$0
MITZI WITCHGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLOTTE YEUNG	BOARD MEMBER	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	$1,311,539	$1,225,004	$2,100,519	$86,535
2022	$728,513	$1,487,245	$2,003,502	$-758,732
2021	$1,913,958	$788,836	$2,700,442	$1,125,122
2020	$753,136	$674,116	$1,876,325	$79,020
2019	$1,817,363	$552,171	$1,791,022	$1,265,192
2018	$351,674	$453,229	$233,567	$-101,555

KURT VONNEGUT MEMORIAL LIBRARY INC