LIBRARY ASSOCIATION OF SANDUSKY OHIO (EIN 346401309) - 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

1895

Legal Domicile

Principal Officer

JUDY KUNS

Phone

4196253834

Tax Period

2024-01-01 to 2024-12-31

LIBRARY ASSOCIATION OF SANDUSKY OHIO, founded in 1895, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $837K, a strong 20% operating margin.

Mission

GIVING ALL PEOPLE OPPORTUNITIES TO ENRICH THEIR LIVES.

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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 $3,856,721

Program Service Revenue $17,134

Investment Income $354,282

Other Revenue $15,234

TOTAL REVENUE $4,243,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,797,381

Fundraising Expenses $0

Program Expenses $2,858,487

Other Expenses $1,608,793

TOTAL EXPENSES $3,406,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,243,371	$4,576,239	-0.1%
Expenses	$3,406,174	$4,390,158	-0.2%
Net Income	$837,197	$186,081	+3.5%

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

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

$210,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA SHIRTZ	DIRECTOR	1.00	Director	$0	$0	$0
JUDY KUNS	PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY FERBER	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
SARAH PROUT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HILDEBRANDT	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT RHODES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SENNISH	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA MURRAY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTHONY CUMMINGS	DIRECTOR	1.00	Officer Director	$0	$0	$0
ALLISON WILL	DIRECTOR	1.00	Director	$0	$0	$0
CAROL STEUK	DIRECTOR	1.00	Director	$0	$0	$0
DOTTIE WALDOCK	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY CARVER	EXECUTIVE DIRECTOR	40.00	Officer	$126,828	$0	$126,828
CELESTE FORTUNATO	FISCAL OFFICER	40.00	Officer	$83,212	$0	$83,212

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	$4,243,371	$3,406,174	$9,008,222	$837,197
2023	$4,576,239	$4,390,158	$8,171,025	$186,081
2022	$3,961,760	$4,141,417	$7,984,944	$-179,657
2021	$4,150,865	$2,777,639	$8,164,601	$1,373,226
2020	$3,648,495	$2,573,340	$6,791,375	$1,075,155
2019	$3,470,533	$2,966,710	$5,716,220	$503,823
2018	$3,316,851	$2,976,220	$5,212,397	$340,631

LIBRARY ASSOCIATION OF SANDUSKY OHIO