LITERACY NETWORK OF GREATER CINCINNATI DBA QUEEN CITY BOOK BANK (EIN 316332564) - 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

1988

Legal Domicile

Principal Officer

KATY MEINHARDT

Phone

5136217323

Tax Period

2024-07-01 to 2025-06-30

LITERACY NETWORK OF GREATER CINCINNATI DBA QUEEN CITY BOOK BANK, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 8% surplus.

Mission

UNLOCKING OUR COMMUNITY'S POTENTIAL THROUGH LITERACY.

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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 $1,252,063

Program Service Revenue $0

Investment Income $27,981

Other Revenue $-72,558

TOTAL REVENUE $1,207,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $559,261

Fundraising Expenses $83,127

Program Expenses $990,882

Other Expenses $555,246

TOTAL EXPENSES $1,114,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,207,486	$1,113,416	+0.1%
Expenses	$1,114,507	$1,064,922	+0.0%
Net Income	$92,979	$48,494	+0.9%

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

Volunteers

2829

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

$203,889

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATY MEINHARDT	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN KUSHMAN	VICE CHAIR	1.00	Director	$0	$0	$0
MATTHEW GUTZWILLER	TREASURER	1.00	Officer Director	$0	$0	$0
JOSH WEYBURNE	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN A BUSAM	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH DELANEY	TRUSTEE	1.00	Director	$0	$0	$0
TIANA HENRY	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
BILL TUCKER	TRUSTEE	1.00	Director	$0	$0	$0
HARRY CAPPEL	ADVISORY BOARD	1.00	Director	$0	$0	$0
YASMIN CHILTON	ADVISORY BOARD	1.00	Director	$0	$0	$0
KEN FELDMANN	ADVISORY BOARD, FINANCE	1.00	Director	$0	$0	$0
BILL GERTH	ADVISORY BOARD, FINANCE	1.00	Director	$0	$0	$0
JIM GILLESPIE	ADVISORY BOARD, FINANCE	1.00	Director	$0	$0	$0
ANGELA GINTY	ADVISORY BOARD	1.00	Director	$0	$0	$0
DAVE HEILMANN	ADVISORY BOARD	1.00	Director	$0	$0	$0
RAYSHUN HOLT	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
LOREN LONG	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE MALONEY	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTY MEYER	TRUSTEE	1.00	Director	$0	$0	$0
JASON SHORTEN	TRUSTEE	1.00	Director	$0	$0	$0
CAROL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
ANNE ZARING	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE OTTEN GUENTHER	CEO	40.00	Officer	$113,339	$17,240	$130,579
KIMBERLY MCDERMOTT	VICE PRESIDENT	40.00	Officer	$70,875	$2,435	$73,310

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
2025	$1,207,486	$1,114,507	$830,871	$92,979
2024	$1,113,416	$1,064,922	$737,892	$48,494
2023	$924,792	$787,516	$689,398	$137,276
2022	$831,140	$678,770	$552,122	$152,370
2021	$473,302	$416,417	$459,172	$56,885

LITERACY NETWORK OF GREATER CINCINNATI DBA QUEEN CITY BOOK BANK