MONROE COUNTY PUBLIC LIBRARY FOUND… - 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

1993

Legal Domicile

Principal Officer

PATSY B RAHN

Phone

8123493050

Tax Period

2023-01-01 to 2023-12-31

MONROE COUNTY PUBLIC LIBRARY FOUNDATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $359K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $93K, a strong 26% operating margin.

Mission

RAISE FUNDS TO SUPPORT THE MONROE COUNTY PUBLIC LIBRARY AND ITS PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $74,279 Revenue: $137,845

THE ABOVE COSTS WERE ASSOCIATED WITH A WEEKLY SALE OF DONATED BOOKS TO RAISE FUNDS WHICH SUPPORT PROGRAMS OFFERED BY THE MONROE COUNTY PUBLIC LIBRARY.

Program 2

Expenses: $103,851

TO ASSIST WITH PROGRAMS AND SERVICES FOR MONROE COUNTY RESIDENTS THROUGH THE MONROE COUNTY PUBLIC LIBRARY. IN 2023, MCPL UTILIZED THE GRANT TO PURCHASE COLLECTIONS REQUESTED BY PATRONS, TO SUPPORT...

TO ASSIST WITH PROGRAMS AND SERVICES FOR MONROE COUNTY RESIDENTS THROUGH THE MONROE COUNTY PUBLIC LIBRARY. IN 2023, MCPL UTILIZED THE GRANT TO PURCHASE COLLECTIONS REQUESTED BY PATRONS, TO SUPPORT THE VITAL TUTORING PROGRAM FOR ADULT LEARNERS, FINANCIAL AND INVESTOR EDUCATION NEEDS OF LIBRARY PATRONS, TO PURCHASE NEEDED EQUIPMENT FOR ADULT, TEEN AND CHILDREN SERVICES PROGRAMS, AND TO ASSSIST WITH PROGRAMS FOR DIGITAL CREATIVITY, MATH HOMEWORK HELP, SUMMER AND READ ACROSS AMERICA READING PRGRAMS, PUBLIC AWARENESS DIVERSITY AND NATIONAL AND LOCAL LIBRAY CELEBRATIONS PROGRAMS, AND FOR STAFF PROFESSIONAL DEVELOPMENT.

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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 $182,548

Program Service Revenue $137,845

Investment Income $37,976

Other Revenue $745

TOTAL REVENUE $359,114

Expense Breakdown

Grants Paid $103,851

Salaries & Benefits $139,644

Fundraising Expenses $3,707

Program Expenses $178,130

Other Expenses $22,784

TOTAL EXPENSES $266,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,114	$318,743	+0.1%
Expenses	$266,279	$286,527	-0.1%
Net Income	$92,835	$32,216	+1.9%

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
PATSY B RAHN	PRESIDENT	N/A	Officer	$0	$0	$0
HARRIET CASTRATARO	VICE PRESIDE	N/A	Officer	$0	$0	$0
ELIZABETH JOHNSON	SECRETARY	N/A	Officer	$0	$0	$0
THOMAS ZOSS	TREASURER	N/A	Officer	$0	$0	$0
EMILY ALFORD	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROLYN CALLOWAY-THOMAS	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHIE DURKEL	BOARD MEMBER	N/A	Director	$0	$0	$0
SAMANTHA EADS	BOARD MEMBER	N/A	Director	$0	$0	$0
ELSPETH HAYDEN	BOARD MEMBER	N/A	Director	$0	$0	$0
DELOICE HOLLIDAY	BOARD MEMBER	N/A	Director	$0	$0	$0
LAURA JONES	BOARD MEMBER	N/A	Director	$0	$0	$0
MARY KENNEDY	BOARD MEMBER	N/A	Director	$0	$0	$0
NEIL KLEIN	BOARD MEMBER	N/A	Director	$0	$0	$0
DOUG MCKINNEY	BOARD MEMBER	N/A	Director	$0	$0	$0
RICHARD ORAM	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROL PIERCE	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN TOMLINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIAM T WEHNER	BOARD MEMBER	N/A	Director	$0	$0	$0
MARY WIGGINS	BOARD MEMBER	N/A	Director	$0	$0	$0
MARY JEAN REGOLI	FNDTN COORDI	N/A		$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	$359,114	$266,279	$1,699,355	$92,835
2022	$318,743	$286,527	$1,485,748	$32,216
2021	$470,388	$245,059	$1,809,481	$225,329
2020	$213,231	$252,895	$1,502,467	$-39,664
2019	$281,263	$257,630	$1,375,617	$23,633
2018	$285,885	$230,500	$1,217,433	$55,385

MONROE COUNTY PUBLIC LIBRARY FOUNDATION