FRIENDS OF RICE LAKE PUBLIC LIBRARY INC (EIN 391265265) - 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

2016

Legal Domicile

Principal Officer

PAUL CHASE

Phone

7152344861

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF RICE LAKE PUBLIC LIBRARY INC, founded in 2016, is a micro nonprofit that reported $25K in total revenue in fiscal year 2024. Expenses of $38K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO FOSTER A CLOSE CONNECTION BETWEEN THE RICE LAKE PUBLIC LIBRARY AND THE COMMUNITY BY SUPPORTING AND PROMOTING THE LIBRARY'S PROGRAMS, SERVICES, AND RESOURCES.

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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 $25,364

Program Service Revenue $0

Investment Income $0

Other Revenue $-272

TOTAL REVENUE $25,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,537

Other Expenses $37,537

TOTAL EXPENSES $37,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,092	$25,954	0.0%
Expenses	$37,537	$32,939	+0.1%
Net Income	$-12,445	$-6,985	+0.8%

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
ERIC KASPER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA KOZMA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CHASE	TREASURER	1.00	Officer Director	$0	$0	$0
JANE LILLEGARD	SECRETARY	1.00	Officer Director	$0	$0	$0
SANDY BONNEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
LISA MINK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CANDACE FALK	PRESIDENT	1.00	Officer Director	$0	$0	$0
HEINZ ELLER	DIRECTOR	1.00	Director	$0	$0	$0
HALEY WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
VICKY ONDELL	DIRECTOR	1.00	Director	$0	$0	$0
JEAN FRENZEL	DIRECTOR	1.00	Director	$0	$0	$0
PAT EDWARDSEN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
LISA LEACH	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE SEFTAR	DIRECTOR	1.00	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	$25,092	$37,537	$28,137	$-12,445
2023	$25,954	$32,939	$40,582	$-6,985
2022	$38,666	$31,916	$47,567	$6,750
2021	$28,265	$19,572	$40,817	$8,693
2020	$100,680	$191,056	$32,190	$-90,376
2019	$198,450	$196,118	$122,571	$2,332
2018	$247,320	$341,256	$120,366	$-93,936

FRIENDS OF RICE LAKE PUBLIC LIBRARY INC