BELOIT PUBLIC LIBRARY FOUNDATION INC (EIN 391587673) - 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

1987

Legal Domicile

Principal Officer

JEFF ADAMS

Phone

6083460710

Tax Period

2024-01-01 to 2024-12-31

BELOIT PUBLIC LIBRARY FOUNDATION INC, founded in 1987, is a small nonprofit that reported $109K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $409K exceeded revenue, resulting in a 276% operating deficit.

Mission

THE BELOIT PUBLIC LIBRARY FOUNDATION'S PURPOSE IS TO RAISE AND PROVIDE SUPPORT MONIES FOR THE BELOIT PUBLIC LIBRARY.

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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 $69,807

Program Service Revenue $0

Investment Income $38,888

Other Revenue $0

TOTAL REVENUE $108,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,391

Program Expenses $289,562

Other Expenses $408,536

TOTAL EXPENSES $408,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,695	$63,058	+0.7%
Expenses	$408,536	$91,249	+3.5%
Net Income	$-299,841	$-28,191	+9.6%

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
JEFF ADAMS	PRESIDENT	N/A	Officer Director	$0	$0	$0
NICK DIMASSIS	BOARD MEMBER	N/A	Director	$0	$0	$0
RACHELLE ELLIOTT	BOARD MEMEBE	N/A	Director	$0	$0	$0
LISA INGALLS	EXECUTIVE DI	N/A	Director	$0	$0	$0
MARY KAMINSKI	TREASURER	N/A	Director	$0	$0	$0
JAMIE KERAKA	BOARD MEMEBE	N/A	Director	$0	$0	$0
PAT KRAUSE	BOARD MEMBER	N/A	Director	$0	$0	$0
CURT LANSBERY	VP/SECRETARY	N/A	Officer Director	$0	$0	$0
ANGELA MOORE	BOARD MEMBER	N/A	Director	$0	$0	$0
RON WHITLEY	BOARD MEMBER	N/A	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	$108,695	$408,536	$630,191	$-299,841
2023	$63,058	$91,249	$649,368	$-28,191
2022	$32,841	$41,915	$612,928	$-9,074
2021	$63,941	$38,925	$748,207	$25,016
2020	$238,805	$258,179	$683,719	$-19,374
2019	$110,270	$39,684	$703,022	$70,586
2018	$2,392	$91,604	$601,101	$-89,212

BELOIT PUBLIC LIBRARY FOUNDATION INC