FRIENDS OF THE TOLEDO LUCAS COUNTY PUBLIC LIBRARY (EIN 341215306) - 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

1970

Principal Officer

LOUISE EHRICK

Phone

4192595455

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE TOLEDO LUCAS COUNTY PUBLIC LIBRARY, founded in 1970, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $69K, a strong 50% operating margin.

Mission

PROMOTION AND SUPPORT OF THE TOLEDO LUCAS COUNTY PUBLIC LIBRARY AND ITS PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,733

Program Service Revenue $67

Investment Income $4,270

Other Revenue $116,152

TOTAL REVENUE $137,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,448

Fundraising Expenses $0

Program Expenses $59,621

Other Expenses $27,874

TOTAL EXPENSES $68,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,222	$175,851	-0.2%
Expenses	$68,322	$259,141	-0.7%
Net Income	$68,900	$-83,290	-1.8%

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

200

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
JOE ZIELINSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEIRAN MENACHER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID DENNIS	TREASURER	1.00	Officer Director	$0	$0	$0
LOUISE EHRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
ERNIE WALKER	TRUSTEE	0.50	Director	$0	$0	$0
JENNY BARLOS	TRUSTEE	0.50	Director	$0	$0	$0
MARIANNE MUSSETT	TRUSTEE	0.50	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	No data	No data	No data	No data
2023	$137,222	$68,322	$346,880	$68,900
2022	$175,851	$259,141	$277,620	$-83,290
2021	$107,180	$62,033	$360,300	$45,147
2020	$88,373	$59,036	$322,042	$29,337
2019	$176,461	$59,553	$286,243	$116,908
2018	$172,119	$101,690	$168,736	$70,429

FRIENDS OF THE TOLEDO LUCAS COUNTY PUBLIC LIBRARY