NORTH CANTON LIBRARY ASSOC TA (EIN 340968455) - 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

1935

Legal Domicile

Phone

2166890416

Tax Period

2025-01-01 to 2025-12-31

NORTH CANTON LIBRARY ASSOC TA, founded in 1935, is a small nonprofit in the Education sector that reported $138K in total revenue in fiscal year 2025. Revenue fell 91% from the prior year — a significant decline worth monitoring. Net assets of $4.8M represent 417 months of operating reserves.

Mission

Grants are made according to Trust Agreement dated December 27, 1962. Keybank, as Trustee, makes distributions to the North Canton Public Library. Keybank maintains a responsiveness to the needs and activities of the beneficiary organization in the attainment of its mission.

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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 $0

Program Service Revenue $0

Investment Income $138,302

Other Revenue $0

TOTAL REVENUE $138,302

Expense Breakdown

Grants Paid $107,308

Salaries & Benefits $35,804

Fundraising Expenses $0

Program Expenses $107,308

Other Expenses $2,688

TOTAL EXPENSES $145,800

Year-over-Year Comparison

	2025	2024	Change
Revenue	$138,302	$1,611,081	-0.9%
Expenses	$145,800	$548,626	-0.7%
Net Income	$-7,498	$1,062,455	-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

N/A

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
CHARLES H HOOVER	DIRECTOR/BRD MEMBER	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0		$35,804	$0	$35,804

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	$138,302	$145,800	$4,807,245	$-7,498
2024	No data	No data	No data	No data
2023	$123,130	$425,951	$3,753,772	$-302,821
2022	$125,990	$183,453	$4,056,593	$-57,463
2021	$539,010	$483,418	$4,114,055	$55,592
2020	$461,362	$116,190	$4,058,467	$345,172
2019	$472,054	$947,764	$3,714,757	$-475,710

NORTH CANTON LIBRARY ASSOC TA