SALEM PUBLIC LIBRARY MEMORIAL FUND ASSOCIATION (EIN 346521010) - 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

1955

Legal Domicile

Principal Officer

BRADLEY K STEPHENS

Phone

3303320042

Tax Period

2024-01-01 to 2024-12-31

SALEM PUBLIC LIBRARY MEMORIAL FUND ASSOCIATION, founded in 1955, is a small nonprofit in the Education sector that reported $111K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $84K, a strong 76% operating margin.

Mission

ENHANCEMENT OF COMMUNITY, EDUCATION AND RECREATION.

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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 $3,171

Program Service Revenue $1,549

Investment Income $105,906

Other Revenue $0

TOTAL REVENUE $110,626

Expense Breakdown

Grants Paid $11,330

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,439

Other Expenses $15,190

TOTAL EXPENSES $26,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,626	$349,399	-0.7%
Expenses	$26,520	$23,347	+0.1%
Net Income	$84,106	$326,052	-0.7%

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

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
JACQUELINE BERTHOLD	TRUSTEE	1.00	Director	$0	$0	$0
JOCK BUTA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JEREMEY CORBISELLO	TRUSTEE	1.00	Director	$0	$0	$0
TRICIA HOVORKA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MADELINE PATTON SHIVERS	TRUSTEE	1.00	Director	$0	$0	$0
MARY KAY WASHAM	TRUSTEE	1.00	Director	$0	$0	$0
JERRY ZIMMERMAN	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY K STEPHENS	SECRETARY/TR	5.00	Officer	$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	$110,626	$26,520	$1,153,468	$84,106
2023	$349,399	$23,347	$1,051,701	$326,052
2022	$17,736	$19,223	$921,845	$-1,487
2021	$108,211	$18,608	$1,069,172	$89,603
2020	$58,818	$14,835	$872,368	$43,983
2019	$53,414	$19,910	$731,082	$33,504
2018	$63,110	$18,262	$573,340	$44,848

SALEM PUBLIC LIBRARY MEMORIAL FUND ASSOCIATION