NEW ALBANY-FLOYD COUNTY PUBLIC LIBRARY F

EIN: 371514991 501(c)(3) Education

NEW ALBANY, IN

Total Revenue
$29,306
Total Expenses
$16,817
Total Assets
$666,293
Net Assets
$666,293
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IN
Principal Officer
JOE BOESING
Phone
8129493734
Tax Period
2024-01-01 to 2024-12-31

NEW ALBANY-FLOYD COUNTY PUBLIC LIBRARY F, founded in 2005, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2024. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 43% operating margin.

Mission

THE LIBRARY FOUNDATION WAS FOUNDED FOR THE SOLE PURPOSE OF BENEFITING, PROMOTING, SUPPORTING, AND ENHANCING THE PROGRAMS, SERVICES, AND LOCATIONS OF THE NEW ALBANY-FLOYD COUNTY PUBLIC LIBRARY, WHOSE MISSION IS TO SUPPORT THE GROWTH AND CREATIVITY OF AN ENGAGED, INFORMED, AND CONNECTED COMMUNITY.

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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 $300
Program Service Revenue $0
Investment Income $29,006
Other Revenue $0
TOTAL REVENUE $29,306

Expense Breakdown

Grants Paid $10,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,750
Other Expenses $6,067
TOTAL EXPENSES $16,817

Year-over-Year Comparison

2024 2023 Change
Revenue $29,306 $10,182 +1.9%
Expenses $16,817 $15,266 +0.1%
Net Income $12,489 $-5,084 -3.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE BOESING PRESIDENT 0.10
Officer Director
$0 $0 $0
SAM WEISSINGER VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
PAT HARRISON SECRETARY 0.10
Officer Director
$0 $0 $0
IRV STUMLER TREASURER 0.10
Officer Director
$0 $0 $0
MELANIE HUGHES MEMBER 0.10
Director
$0 $0 $0
NATASHIA FINN MEMBER 0.10
Director
$0 $0 $0
MIKE KOVATCH MEMBER 0.10
Director
$0 $0 $0
ROGER WHALEY LIBRARY BOARD LIASION 0.10
Director
$0 $0 $0
CAROLYN HOOK FRIENDS OF LIBRARY REP 0.10
Director
$0 $0 $0
MELISSA MERIDA LIBRARY DIRECTOR 40.00
Officer
$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 $29,306 $16,817 $666,293 $12,489
2023 $10,182 $15,266 $592,195 $-5,084
2022 $19,244 $12,404 $515,107 $6,840
2021 $14,480 $12,848 $622,586 $1,632
2020 $11,186 $11,940 $560,407 $-754
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