SALEM, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SALEM PUBLIC LIBRARY MEMORIAL FUND ASSOCIATION, founded in 1955, is a small nonprofit in the Education sector that reported $101K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. Net assets of $1.1M represent 133 months of operating reserves.
THE MISSION OF THE ASSOCIATION IS TO ENHANCE THE COMMUNITY THROUGH EDUCATION AND RECREATION.
IN THE CARRYING OUT OF EXEMPT PURPOSES, THE BETTERMENT OF THE COMMUNITY WAS ACHIEVED THROUGH THE DISBURSEMENT OF GRANTS TO A QUALIFIED CHARITABLE ORGANIZATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $100,549 | $110,626 | -0.1% |
| Expenses | $104,354 | $26,520 | +2.9% |
| Net Income | $-3,805 | $84,106 | -1.0% |
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
Sign In| 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 | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $100,549 | $104,354 | $1,113,639 | $-3,805 |
| 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 |
Compare SALEM PUBLIC LIBRARY MEMORIAL FUND ASSOCIATION with other nonprofits in Ohio and across the country.