WALTER E OLSON MEMORIAL LIBRARY FOUNDATION INC (EIN 391740131) - 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

1992

Legal Domicile

Principal Officer

NANCY SCHAFFER

Phone

7154798070

Tax Period

2021-01-01 to 2021-12-31

WALTER E OLSON MEMORIAL LIBRARY FOUNDATION INC, founded in 1992, is a micro nonprofit in the Human Services sector that reported $43K in total revenue in fiscal year 2021. Expenses of $132K exceeded revenue, resulting in a 208% operating deficit.

Mission

TO AUGMENT THE LIBRARY AS A LEARNING AND INFORMATION RESOURCE FOR THE CITIZENS OF EAGLE RIVER

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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 (2021)

Revenue Breakdown

Contributions & Grants $39,660

Program Service Revenue $0

Investment Income $18

Other Revenue $3,077

TOTAL REVENUE $42,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $180

Program Expenses $3,996

Other Expenses $131,722

TOTAL EXPENSES $131,722

Year-over-Year Comparison

	2021	2020	Change
Revenue	$42,755	$42,469	+0.0%
Expenses	$131,722	$135,717	0.0%
Net Income	$-88,967	$-93,248	0.0%

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
JAN CHRISTOFFERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN HLETKO	BOARD MEMBER	2.00	Director	$0	$0	$0
DARLEEN KADULSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
SARA KLEMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
TINA KOLLER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LEE LIERMANN	TREASURER	2.00	Officer Director	$0	$0	$0
JACK LOOMIS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS OATMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBRA OBRODOVICH	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY SCHAFFER	PRESIDENT	2.00	Officer Director	$0	$0	$0
NANCY SCHULLER	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURIE STOEGBAUER	BOARD MEMBER	2.00	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
2021	$42,755	$131,722	$59,737	$-88,967
2020	$42,469	$135,717	$3,045,781	$-93,248
2019	$40,980	$128,602	$3,189,029	$-87,622
2018	$58,772	$137,283	$3,396,651	$-78,511

WALTER E OLSON MEMORIAL LIBRARY FOUNDATION INC