CARMEL CLAY PUBLIC LIBRARY FOUNDAT… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

ELIZABETH HAMILTON

Phone

3178143905

Tax Period

2024-01-01 to 2024-12-31

CARMEL CLAY PUBLIC LIBRARY FOUNDATION, founded in 2002, is a small nonprofit that reported $550K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 20% operating margin.

Mission

TO SUPPORT AND SUSTAIN THE LONG-TERM EXCELLENCE OF THE CARMEL CLAY PUBLIC LIBRARY BY FUNDING PROGRAMS, SERVICES, AND RESOURCES THAT ENHANCE LEARNING, ACCESS, AND COMMUNITY ENGAGEMENT BEYOND BASIC PUBLIC FUNDING.

Program Service Accomplishments

Program 1

Expenses: $319,059 Revenue: $129,433

THE FOUNDATION RAISES AND DISTRIBUTES FUNDS TO SUPPORT LIBRARY PROGRAMS, EDUCATIONAL INITIATIVES, AND COMMUNITY SERVICES THAT ARE NOT FULLY FUNDED THROUGH PUBLIC TAX REVENUES, ENSURING CONTINUED...

THE FOUNDATION RAISES AND DISTRIBUTES FUNDS TO SUPPORT LIBRARY PROGRAMS, EDUCATIONAL INITIATIVES, AND COMMUNITY SERVICES THAT ARE NOT FULLY FUNDED THROUGH PUBLIC TAX REVENUES, ENSURING CONTINUED INNOVATION AND EXCELLENCE AT THE CARMEL CLAY PUBLIC LIBRARY.THE CARMEL CLAY PUBLIC LIBRARY FOUNDATION SUPPORTS NEARLY 2,000 FREE PROGRAMS OFFERED ANNUALLY BY THE LIBRARY BY RAISING FUNDS THROUGH DIRECT MAIL CAMPAIGNS AND BY SUPPORTING THREE AFFILIATED VOLUNTEER ORGANIZATIONS.THE FRIENDS OF THE LIBRARY SERVES AS THE FOUNDATION'S RETAIL ARM, OPERATING THE FRIENDS BOOKSTORE, HOSTING TWO ANNUAL BOOK SALES, AND MANAGING ONLINE SALES THROUGH AMAZON. ALL MATERIALS ARE DONATED BY THE COMMUNITY OR WITHDRAWN FROM THE LIBRARY'S COLLECTION.TWO ADDITIONAL VOLUNTEER GROUPS SUPPORT THE FOUNDATION'S FUNDRAISING EVENTS. THE YOUNG PROFESSIONALS GROUP ORGANIZES THE ANNUAL LIBRARY AFTER DARK EVENT EACH SPRING, WHILE THE GUILD PRESENTS THE GUILDED LEAF AUTHOR EVENT SERIES EACH FALL.

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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 $371,932

Program Service Revenue $129,433

Investment Income $75,255

Other Revenue $-26,158

TOTAL REVENUE $550,462

Expense Breakdown

Grants Paid $197,777

Salaries & Benefits $165,305

Fundraising Expenses $79,653

Program Expenses $319,059

Other Expenses $77,670

TOTAL EXPENSES $440,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,462	$415,250	+0.3%
Expenses	$440,752	$505,628	-0.1%
Net Income	$109,710	$-90,378	-2.2%

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

127

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

$127,816

Total Directors