MEAD PUBLIC LIBRARY FOUNDATION INC

EIN: 391670997 501(c)(3)

SHEBOYGAN, WI

Total Revenue
$416,755
Total Expenses
$232,096
Total Assets
$6,513,580
Net Assets
$6,465,641
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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
WI
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

DEVELOP, MANAGE, AND ALLOCATE FUNDS TO SUPPORT THE MEAD PUBLIC LIBRARY AND ITS PROGRAMS.

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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 (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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
17

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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