FRIENDS OF THE MATHEWS MEMORIAL LIBRARY INC (EIN 272267648) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

JOANNA BALL

Phone

8047250808

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE MATHEWS MEMORIAL LIBRARY INC, founded in 2010, is a micro nonprofit in the Education sector that reported $56K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 49% operating margin.

Mission

SUPPORT MATHEWS MEMORIAL PUBLIC LIBRARY AND ITS PROGRAMS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $32,564

Program Service Revenue $0

Investment Income $15,629

Other Revenue $0

TOTAL REVENUE $48,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,433

Other Expenses $34,546

TOTAL EXPENSES $34,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,193	$56,417	-0.1%
Expenses	$34,546	$29,024	+0.2%
Net Income	$13,647	$27,393	-0.5%

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
MICHAEL CANNON	DIRECTOR/BOO	20.00	Director	$0	$0	$0
MARLENE MOORE	DIRECTOR	2.00	Director	$0	$0	$0
MIKE PITTMAN	DIRECTOR	2.00	Director	$0	$0	$0
NORAH ROWLAND	DIRECTOR	2.00	Director	$0	$0	$0
JAN TYNDALL	DIRECTOR	2.00	Director	$0	$0	$0
VIKI ARMENTROUT	PRESIDENT	6.00	Officer	$0	$0	$0
JOANNA BALL	TREASURER	7.00	Officer	$0	$0	$0
BOBBI HATTON	SECRETARY	5.00	Officer	$0	$0	$0
ROXANNE LAWRENCE	VICE PRESIDE	2.00	Officer	$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	$48,193	$34,546	$553,330	$13,647
2023	$56,417	$29,024	$526,015	$27,393

FRIENDS OF THE MATHEWS MEMORIAL LIBRARY INC