TYSON LIBRARY ASSOCIATION INC

EIN: 356003981 501(c)(3) Education

VERSAILLES, IN

Total Revenue
$172,414
Total Expenses
$342,884
Total Assets
$500,008
Net Assets
$493,745
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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
1940
Legal Domicile
IN
Principal Officer
MARGARET MARCY
Phone
8126895894
Tax Period
2024-09-01 to 2025-08-31

TYSON LIBRARY ASSOCIATION INC, founded in 1940, is a small nonprofit in the Education sector that reported $172K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $343K exceeded revenue, resulting in a 99% operating deficit.

Mission

OPERATE A PUBLIC LIBRARY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $165,284
Program Service Revenue $6,648
Investment Income $482
Other Revenue $0
TOTAL REVENUE $172,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,395
Fundraising Expenses $0
Program Expenses $149,532
Other Expenses $179,489
TOTAL EXPENSES $342,884

Year-over-Year Comparison

2024 2023 Change
Revenue $172,414 $405,192 -0.6%
Expenses $342,884 $412,677 -0.2%
Net Income $-170,470 $-7,485 +21.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
13
Volunteers
3

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
3
$0
Total Directors
1
$57,142
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLA STENGER TREASURER 1.00
Officer
$0 $0 $0
JEFFREY LOGMAN PRESIDENT 1.00
Officer
$0 $0 $0
SUZANNE UNDERWOOD SECRETARY 1.00
Officer
$0 $0 $0
MARGARET MARCY DIRECTOR 40.00
Director
$57,142 $0 $57,142
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 $172,414 $342,884 $500,008 $-170,470
2024 $405,192 $412,677 $670,635 $-7,485
2023 $275,660 $311,082 $677,763 $-35,422
2022 $272,873 $296,566 $713,010 $-23,693
2021 $298,024 $298,432 $736,921 $-408
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