FRIENDS OF THE LIBRARY OF THE MARYSVILLE PUBLIC LIBRARY

EIN: 311637206 501(c)(3)

MARYSVILLE, OH

Total Revenue
$22,560
Total Expenses
$28,618
Total Assets
$481,869
Net Assets
$481,869
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OH
Principal Officer
REBECCA THOMAS
Phone
9376426994
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE LIBRARY OF THE MARYSVILLE PUBLIC LIBRARY, founded in 1989, is a micro nonprofit that reported $23K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $29K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO MAINTAIN AN ASSOCIATION OF PERSONS AND ORGANIZATIONS INTERESTED IN LIBRARIES AND TO FOCUS ATTENTION UPON THE LIBRARIES OF THE MARYSVILLE SCHOOL DISTRICT PUBLIC LIBRARY, AND TO RAISE FUNDS TO SUPPORT THE PURPOSE OF THIS ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,521
Program Service Revenue $1,300
Investment Income $9,739
Other Revenue $0
TOTAL REVENUE $22,560

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,418
Other Expenses $28,618
TOTAL EXPENSES $28,618

Year-over-Year Comparison

2024 2023 Change
Revenue $22,560 $60,870 -0.6%
Expenses $28,618 $23,192 +0.2%
Net Income $-6,058 $37,678 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANNELL ALEXANDER TRUSTEE N/A
Officer Director
$0 $0 $0
FLORENCE ALLEN TRUSTEE N/A
Director
$0 $0 $0
JOEL ALLEN TRUSTEE N/A
Director
$0 $0 $0
SHANNON FRESHOUR SECRETARY N/A
Officer Director
$0 $0 $0
MARTIN HERMANN TREASURER N/A
Officer Director
$0 $0 $0
PAM REYNOLDS TRUSTEE N/A
Director
$0 $0 $0
LEESA SCOTT TRUSTEE N/A
Director
$0 $0 $0
REBECCA THOMAS PRESIDENT N/A
Officer Director
$0 $0 $0
KAREN TOWNLEY TRUSTEE N/A
Director
$0 $0 $0
DAWN THOMPSON TRUSTEE N/A
Director
$0 $0 $0
ANITA TILLER VICE PRESIDE N/A
Director
$0 $0 $0
BOB WHITMAN TRUSTEE N/A
Director
$0 $0 $0
ANN WHITMER TRUSTEE N/A
Director
$0 $0 $0
MYRA YORK TRUSTEE N/A
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 $22,560 $28,618 $481,869 $-6,058
2023 $60,870 $23,192 $454,734 $37,678
2022 $40,142 $26,276 $376,216 $13,866
2021 $49,102 $21,920 $461,722 $27,182
2020 $14,861 $18,608 $380,220 $-3,747
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