FOUNDATION OF THE LORAIN PUBLIC LIBRARY SYSTEM (EIN 331036935) - 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

2005

Legal Domicile

Principal Officer

GARALYNN TOMAS

Phone

4402441192

Tax Period

2025-01-01 to 2025-12-31

FOUNDATION OF THE LORAIN PUBLIC LIBRARY SYSTEM, founded in 2005, is a micro nonprofit in the Education sector that reported $53K in total revenue in fiscal year 2025. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 53% operating margin.

Mission

PROVIDE SUPPORT AND PROGRAM ACTIVITIES FOR THE LORAIN PUBLIC LIBRARY

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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 (2025)

Revenue Breakdown

Contributions & Grants $25,269

Program Service Revenue $0

Investment Income $27,441

Other Revenue $0

TOTAL REVENUE $52,710

Expense Breakdown

Grants Paid $23,056

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,535

Other Expenses $1,679

TOTAL EXPENSES $24,735

Year-over-Year Comparison

	2025	2024	Change
Revenue	$52,710	$25,925	+1.0%
Expenses	$24,735	$12,006	+1.1%
Net Income	$27,975	$13,919	+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

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
BECKY WHITTINGTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG KOEHLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GARALYNN TOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE ELDRIDGE-TUCKER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE REDOVAN	MEMBER	1.00	Director	$0	$0	$0
JASMINE HAMILTON	MEMBER	1.00	Director	$0	$0	$0
VIRGINIA WARATINSKY	MEMBER	1.00	Director	$0	$0	$0
MELISSA PEREZ RAMIREZ	MEMBER	1.00	Director	$0	$0	$0
ANASTASIA DIAMOND-ORTIZ	MEMBER	1.00	Director	$0	$0	$0
CHAD AGNEY	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
2025	$52,710	$24,735	$669,831	$27,975
2024	No data	No data	No data	No data
2023	$273	$24,134	$573,479	$-23,861
2022	$316,374	$1,005	$541,512	$315,369

FOUNDATION OF THE LORAIN PUBLIC LIBRARY SYSTEM