NEW MARTINSVILLE LIBRARY FOUNDATIO… - Form 990 Financial Data

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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

LOGAN HASSIG

Phone

3044552180

Tax Period

2023-01-01 to 2023-12-31

NEW MARTINSVILLE LIBRARY FOUNDATION INC, founded in 2009, is a micro nonprofit in the Education sector that reported $51K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $50K, a strong 97% operating margin.

Mission

TO DEVELOP AND PROVIDE A PERMANENT SOURCE OF SUPPLEMENTAL FUNDING FOR THE NEW MARTINSVILLE PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Revenue: $51,325

CONTRIBUTIONS AND INVESTMENT EARNINGS RECEIVED TO PROVIDE PERMANENT SOURCE OF REVENUE FOR THE NEW MARTINSVILLE 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 (2023)

Revenue Breakdown

Contributions & Grants $12,592

Program Service Revenue $0

Investment Income $38,733

Other Revenue $0

TOTAL REVENUE $51,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,515

TOTAL EXPENSES $1,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,325	$56,139	-0.1%
Expenses	$1,515	$1,926	-0.2%
Net Income	$49,810	$54,213	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOGAN HASSIG	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS BALCEREK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY M WILCOX	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS DALY	TREASURER	1.00	Officer 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	$51,325	$1,515	$1,057,432	$49,810
2022	$56,139	$1,926	$1,008,051	$54,213
2021	$110,658	$16,508	$954,172	$94,150
2020	$66,922	$3,656	$859,945	$63,266
2019	$59,586	$1,911	$800,987	$57,675
2018	$60,686	$22,748	$746,442	$37,938

NEW MARTINSVILLE LIBRARY FOUNDATION INC