THE JKM LIBRARY TRUST (EIN 367238766) - 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

1995

Legal Domicile

Principal Officer

MAISHA HANDY

Phone

7739476260

Tax Period

2023-07-01 to 2024-06-30

THE JKM LIBRARY TRUST, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $649K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $761K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE JKM LIBRARY TRUST COMPRISING ITS STAFF, SERVICES, SYSTEMS, FUNCTIONS, MATERIALS AND VIRTUAL RESOURCES EXISTS PRIMARILY TO SUPPORT THE MISSIONS AND PROGRAMS OF THE LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO AND MCCORMICK THEOLOGICAL SEMINARY.

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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 $646,904

Program Service Revenue $0

Investment Income $0

Other Revenue $1,613

TOTAL REVENUE $648,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $343,961

Other Expenses $761,166

TOTAL EXPENSES $761,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$648,517	$825,092	-0.2%
Expenses	$761,166	$841,132	-0.1%
Net Income	$-112,649	$-16,040	+6.0%

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

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

$681,499

Total Directors

$1,032,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CRAWFORD	CO-CHAIR	1.00	Officer Director	$0	$46,673	$317,576
JAMES R NIEMAN	CO-CHAIR	1.00	Officer Director	$0	$45,058	$253,444
MARK SWANSON	TRUSTEE	1.00	Director	$0	$38,887	$121,188
ESTHER MENN	TRUSTEE	1.00	Director	$0	$58,305	$155,963
ANNETTE HUIZENGA	TRUSTEE	1.00	Director	$0	$2,200	$50,503
KEN SAWYER	TRUSTEE	1.00	Director	$0	$30,242	$126,556
OZZIE SMITH	TRUSTEE	1.00	Director	$0	$0	$7,500
MARK BARTUSCH	TRUSTEE	1.00	Director	$0	$0	$0
LINDA THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
LAURA FROST	DIRECTOR JKM LIBRARY (START 1/2024)	35.00	Officer	$0	$0	$0
BARRY HOPKINS	DIRECTOR JKM LIBRARY (THRU 12/2023)	35.00	Officer	$0	$19,516	$110,479

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	$648,517	$761,166	$430,112	$-112,649
2023	$825,092	$841,132	$366,789	$-16,040
2022	$976,754	$960,935	$343,729	$15,819
2021	$926,606	$915,045	$319,730	$11,561

THE JKM LIBRARY TRUST