GLEN ELLYN LIBRARY FOUNDATION

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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

1998

Legal Domicile

Principal Officer

MERRILL RAJECK

Phone

6304690879

Tax Period

2024-01-01 to 2024-12-31

GLEN ELLYN LIBRARY FOUNDATION, founded in 1998, is a micro nonprofit in the Education sector that reported $75K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 20% operating margin.

Mission

FUND INNOVATION AND OUTREACH SERVICES FOR LIBRARY PATRONS NOT FUNDED BY REAL ESTATETAX REVENUES LEVIED BY THE GLEN ELLYN PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $19,223

LOCKER FOR BOOKS AT THE GLEN ELLYN POLICE DEPT FOR PICK UP BY LIBRARY PATRONS.

Program 2

Expenses: $5,000

GEPL HISTORY CENTER MAKER SPACE COMMUNITY EVENT AT THE LIBRARY

Program 3

Expenses: $1,000

PRIZES FOR THE SUMMER READING SUMMER

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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 $19,648

Program Service Revenue $0

Investment Income $55,630

Other Revenue $0

TOTAL REVENUE $75,278

Expense Breakdown

Grants Paid $25,223

Salaries & Benefits $29,861

Fundraising Expenses $0

Program Expenses $25,223

Other Expenses $4,927

TOTAL EXPENSES $60,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,278	$239,378	-0.7%
Expenses	$60,011	$145,266	-0.6%
Net Income	$15,267	$94,112	-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

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

$29,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE GOWANS	DEVELOPMENT DIR	20.00	Officer	$29,861	$0	$29,861
GINA MEYERS	President	0.00	Officer Director	$0	$0	$0
PETER COOPER	Vice President	0.00	Officer Director	$0	$0	$0
MOLLY MATTALIANO	Secretary	0.00	Officer Director	$0	$0	$0
MERRILL RAJECK	Treasurer	0.00	Officer Director	$0	$0	$0
DIANA FOTH	Trustee	0.00	Director	$0	$0	$0
KELLEY KALINICH	Trustee	0.00	Director	$0	$0	$0
MOLLY McGINNIS KNAPKE	Trustee	0.00	Director	$0	$0	$0
SHAWN ROBERTS	Trustee	0.00	Director	$0	$0	$0
MONICA WALLACE	Treasurer	0.00	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	No data	No data	No data	No data
2024	$75,278	$60,011	$550,775	$15,267
2023	$239,378	$145,266	$592,834	$94,112