SMITH LIBRARY

EIN: 376037551 501(c)(3)

Lexington, IL

Total Revenue
$97,184
Total Expenses
$18,853
Total Assets
$758,676
Net Assets
$758,676
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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
1912
Legal Domicile
IL
Phone
3094523200
Tax Period
2024-01-01 to 2024-12-31

SMITH LIBRARY, founded in 1912, is a micro nonprofit that reported $97K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $78K, a strong 81% operating margin.

Mission

The primary purpose of the public library is to provide resources and services in a variety of media to meet the needs of individuals and groups for education, information and personal development including recreation and leisure.

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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 $97,184
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $97,184

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $18,853
TOTAL EXPENSES $18,853

Year-over-Year Comparison

2024 2023 Change
Revenue $97,184 $89,583 +0.1%
Expenses $18,853 $895 +20.1%
Net Income $78,331 $88,688 -0.1%
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
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH HARDT PRESIDENT 0.00
Officer
$0 $0 $0
MIKE SURMA DIRECTOR 0.00
Officer
$0 $0 $0
TOM MORRISON TREASURER 0.00
Officer
$0 $0 $0
CARTER JACOBS DIRECTOR 0.00
Officer
$0 $0 $0
MATTHEW L THOMAS SECRETARY 0.00
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
2025 No data No data No data No data
2024 $97,184 $18,853 $758,676 $78,331
2023 $89,583 $895 $680,345 $88,688
2022 $97,458 $66,416 $600,252 $31,042
2021 $83,171 $64,639 $569,210 $18,532
2020 $81,982 $33,876 $550,678 $48,106
2019 $84,089 $49,731 $502,572 $34,358
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