SMITH LIBRARY

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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

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.

Program Service Accomplishments

Program 1

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...

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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 $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

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	Role	Reportable Comp	Other Comp	Total
JOSH HARDT	PRESIDENT	Officer	$0	$0	$0
MIKE SURMA	DIRECTOR	Officer	$0	$0	$0
TOM MORRISON	TREASURER	Officer	$0	$0	$0
CARTER JACOBS	DIRECTOR	Officer	$0	$0	$0
MATTHEW L THOMAS	SECRETARY	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