FRIENDS OF THE INDEPENDENCE LIBRARY INC (EIN 272398341) - 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

2011

Legal Domicile

Principal Officer

KARIN STONER

Phone

6202057545

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE INDEPENDENCE LIBRARY INC, founded in 2011, is a micro nonprofit in the Education sector that reported $43K in total revenue in fiscal year 2024. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 49% operating margin.

Mission

TO SUPPORT THE EDUCATIONAL, CULTURAL AND LITERARY UNDERTAKINGS OF THE INDEPENDENCE PUBLIC LIBRARY, INDPENDENCE KANSAS AND TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH NON-PROFIT CORPORATIONS MAY BE ORGANIZED UNDER THE KANSAS GENERAL CORPORATION CODE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,500

Program Service Revenue $1,050

Investment Income $29,938

Other Revenue $0

TOTAL REVENUE $43,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,578

Other Expenses $22,077

TOTAL EXPENSES $22,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,488	$16,639	+1.6%
Expenses	$22,077	$27,552	-0.2%
Net Income	$21,411	$-10,913	-3.0%

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

N/A

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
KWYNN KYD	PRESIDENT	N/A	Officer Director	$0	$0	$0
SUE LANDWEHR	BOARD MEMBER	N/A	Director	$0	$0	$0
WAYNE LANDWEHR	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN LONG	BOARD MEMBER	N/A	Director	$0	$0	$0
NED STICHMAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KARIN STONER	TREASURER	N/A	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	$43,488	$22,077	$439,449	$21,411
2023	$16,639	$27,552	$414,803	$-10,913
2022	$133,420	$47,190	$395,519	$86,230
2021	$47,418	$6,861	$362,503	$40,557
2020	$47,435	$27,017	$336,535	$20,418
2019	$84,141	$74,778	$323,271	$9,363
2018	$31,137	$25,779	$291,124	$5,358

FRIENDS OF THE INDEPENDENCE LIBRARY INC