MEAD PUBLIC LIBRARY FOUNDATION INC

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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

1989

Legal Domicile

Principal Officer

KATHIE NORMAN

Phone

9204593400

Tax Period

2023-01-01 to 2023-12-31

MEAD PUBLIC LIBRARY FOUNDATION INC, founded in 1989, is a small nonprofit that reported $417K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $185K, a strong 44% operating margin.

Mission

THE MEAD PUBLIC LIBRARY FOUNDATION DEVELOPS, MANAGES, AND ALLOCATES PRIVATE FUNDS TO PROVIDE EXTRA MARGIN OF EXCELLENCE FOR THE MEAD PUBLIC LIBRARY, AND PROMOTE AWARENESS OF ITS PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $213,779 Revenue: $0

MEAD PUBLIC LIBRARY FOUNDATION WISH LIST DONATION FOR PROGRAMMING/EVENTS - $47,900 WAS DONATED TO BRING IN PROGRAMMING AND OTHER EVENTS. DONATED $144,200 TO MEAD PUBLIC LIBRARY - MEAD FUND. STAFF...

MEAD PUBLIC LIBRARY FOUNDATION WISH LIST DONATION FOR PROGRAMMING/EVENTS - $47,900 WAS DONATED TO BRING IN PROGRAMMING AND OTHER EVENTS. DONATED $144,200 TO MEAD PUBLIC LIBRARY - MEAD FUND. STAFF ATTENDED TRAININGS AND CONFERENCES TO INCREASE THEIR SKILLS AND KNOWLEDGE. IN 2023, THE FOUNDATION RETURNED TO FULL PROGRAMS AND SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $235,697

Program Service Revenue $0

Investment Income $181,058

Other Revenue $0

TOTAL REVENUE $416,755

Expense Breakdown

Grants Paid $213,779

Salaries & Benefits $0

Fundraising Expenses $4,779

Program Expenses $213,779

Other Expenses $18,317

TOTAL EXPENSES $232,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$416,755	$332,559	+0.3%
Expenses	$232,096	$259,409	-0.1%
Net Income	$184,659	$73,150	+1.5%

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

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

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
KATHIE NORMAN	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN DONOVAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN PERRONNE	TREASURER	0.50	Officer Director	$0	$0	$0
GARRETT ERICKSON	SECRETARY	0.50	Officer Director	$0	$0	$0
BETH BARTELT	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD BINDER	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH BRADEN	DIRECTOR	0.50	Director	$0	$0	$0
MARILYN MONTEMAYOR	DIRECTOR	0.50	Director	$0	$0	$0
CAROL KOLZOW	DIRECTOR	0.50	Director	$0	$0	$0
SANDY LOTH	FRIENDS LIASON	0.50	Director	$0	$0	$0
REVERAND KARL NELSON	DIRECTOR	0.50	Director	$0	$0	$0
RICK OSTERHAUS	DIRECTOR	0.50	Director	$0	$0	$0
MAEVE QUINN	BOARD OF TRUSTEES REPRESEN	0.50	Director	$0	$0	$0
STEVE STAUBER	DIRECTOR	0.50	Director	$0	$0	$0
JIM WILLIAMS	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$416,755	$232,096	$6,513,580	$184,659
2022	$332,559	$259,409	$6,066,143	$73,150
2021	$487,284	$335,670	$7,273,888	$151,614
2020	$2,040,266	$415,703	$6,514,619	$1,624,563
2019	$228,059	$109,841	$6,128,755	$118,218
2018	$721,136	$19,376	$5,497,427	$701,760