NATIONAL FIRST LADIES LIBRARY

EIN: 311576332 501(c)(3) Education

CANTON, OH

Total Revenue
$822,479
Total Expenses
$821,681
Total Assets
$3,391,597
Net Assets
$3,342,222
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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
1998
Legal Domicile
OH
Principal Officer
DAVID LEE
Phone
3304520876
Tax Period
2023-10-01 to 2024-09-30

NATIONAL FIRST LADIES LIBRARY, founded in 1998, is a small nonprofit in the Education sector that reported $822K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $3.3M represent 49 months of operating reserves.

Mission

TO EDUCATE THE PUBLIC ABOUT THE CONTRIBUTIONS OF AMERICA'S FIRST LADIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $982,822
Program Service Revenue $24,224
Investment Income $-229,811
Other Revenue $45,244
TOTAL REVENUE $822,479

Expense Breakdown

Grants Paid $0
Salaries & Benefits $440,567
Fundraising Expenses $185,240
Program Expenses $287,279
Other Expenses $381,114
TOTAL EXPENSES $821,681

Year-over-Year Comparison

2023 2022 Change
Revenue $822,479 $607,323 +0.4%
Expenses $821,681 $507,546 +0.6%
Net Income $798 $99,777 -1.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
25

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
6
$185,900
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATTY DOWD SCHMITZ PRES/CEO 40.00
Officer
$108,000 $0 $108,000
DAVID LEE CURRENT INTE 40.00
Officer
$77,900 $0 $77,900
ANN WOMER BENJAMIN BOARD MEMBER 1.00
Director
$0 $0 $0
ALLYSON BUSSEY BOARD MEMBER 1.00
Director
$0 $0 $0
GUST CALLAS BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA DEHOFF BOARD VICE C 1.00
Officer Director
$0 $0 $0
KAREN GILLMOR BOARD MEMBER 1.00
Director
$0 $0 $0
MARILYN THOMAS JONES BOARD MEMBER 1.00
Director
$0 $0 $0
JACQUELINE MUSACCHIA BOARD CHAIR 2.00
Officer Director
$0 $0 $0
CHRISTINE PETERSON ADVANCEMENT 1.00
Officer Director
$0 $0 $0
RICHARD PRASSE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID REGULA GOVERNANCE C 1.00
Officer Director
$0 $0 $0
LINDSAY REYNOLDS BOARD MEMBER 1.00
Director
$0 $0 $0
DARLENE SCHURING BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNA SPRINGER SECRETARY 1.00
Director
$0 $0 $0
SARAH SYRSTAD TREASURER 1.00
Director
$0 $0 $0
SUE TIMKEN 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 $822,479 $821,681 $3,391,597 $798
2023 $607,323 $507,546 $3,164,258 $99,777
2022 $437,459 $494,277 $2,920,559 $-56,818
2021 $542,435 $497,591 $3,209,473 $44,844
2020 $607,239 $512,164 $2,768,025 $95,075
2019 $511,635 $556,888 $2,660,848 $-45,253
2018 $652,841 $748,757 $2,683,713 $-95,916
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