Rhome Community Library (EIN 352245172) - 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

2013

Legal Domicile

Principal Officer

Mike Van Meter

Phone

8176362767

Tax Period

2024-10-01 to 2025-09-30

Rhome Community Library, founded in 2013, is a micro nonprofit in the Education sector that reported $81K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $73K left a modest 10% surplus.

Mission

Provide library services including books, computerized library services, literacy/learning programs for all ages to the citizens of Rhome and surrounding areas of Wise County Texas.

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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 $77,830

Program Service Revenue $1,094

Investment Income $2,485

Other Revenue $0

TOTAL REVENUE $81,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,188

Fundraising Expenses $103

Program Expenses $71,254

Other Expenses $46,979

TOTAL EXPENSES $73,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,409	$89,757	-0.1%
Expenses	$73,270	$57,075	+0.3%
Net Income	$8,139	$32,682	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rose Van Meter	Director	12.00	Director	$0	$0	$0
Christina Miller	Secretary	1.00	Director	$0	$0	$0
Lynda Green	Director	1.00	Director	$0	$0	$0
Pam Kemp	President	1.00	Officer Director	$0	$0	$0
Mike Van Meter	Treasurer	1.00	Officer Director	$0	$0	$0
Randall Loftis	Vice President	1.00	Officer Director	$0	$0	$0
Larue Hawkins	Director	1.00	Officer Director	$0	$0	$0
Abigayle Eckles	Director	1.00	Director	$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
2025	$81,409	$73,270	$490,310	$8,139
2024	$89,757	$57,075	$483,220	$32,682
2023	$191,158	$157,876	$457,183	$33,282
2022	$46,847	$41,407	$520,143	$5,440
2021	$64,070	$62,219	$517,271	$1,851
2020	$87,164	$43,458	$361,501	$43,706

Rhome Community Library