LINCOLN LIBRARY FOUNDATION (EIN 371277031) - 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

1990

Legal Domicile

Principal Officer

DAVID R JENKINS

Phone

2177534900

Tax Period

2024-01-01 to 2024-12-31

LINCOLN LIBRARY FOUNDATION, founded in 1990, is a micro nonprofit that reported $68K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $145K exceeded revenue, resulting in a 112% operating deficit.

Mission

Established in 1991, for purposes charitable, literary, and educational, the Lincoln Library Foundation strives to focus attention on public library services in Springfield, IL. Through individual gifts, endowments, and bequests, the Foundation purchases materials for the public library, which serves a population of approximately 114,394 of which 34,567 are cardholders.

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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 $14,420

Program Service Revenue $0

Investment Income $54,050

Other Revenue $0

TOTAL REVENUE $68,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,760

Other Expenses $145,261

TOTAL EXPENSES $145,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,470	$81,247	-0.2%
Expenses	$145,261	$111,125	+0.3%
Net Income	$-76,791	$-29,878	+1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JENKINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTY RYAN	SECRETARY	0.20	Officer Director	$0	$0	$0
TOM NEWMAN	BOARD	0.20	Director	$0	$0	$0
HELEN COX	VICE PRESIDENT APPOINTED 10/16	0.20	Director	$0	$0	$0
DAN GREER	BOARD APPOINTED 6/16	0.20	Director	$0	$0	$0
DAVID CLAUNCH	BOARD APPOINTED 4/26/17	0.20	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
2024	$68,470	$145,261	$2,008,182	$-76,791
2023	$81,247	$111,125	$2,084,973	$-29,878
2022	$79,318	$117,958	$2,121,738	$-38,640
2021	$86,218	$106,029	$2,160,378	$-19,811
2020	$19,611	$102,097	$2,180,189	$-82,486
2019	$114,920	$128,393	$2,262,675	$-13,473
2018	$43,878	$129,247	$2,276,148	$-85,369

LINCOLN LIBRARY FOUNDATION