SUN PRAIRIE PUBLIC LIBRARY FOUNDAT… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

THERESA STEVENS

Phone

6088257323

Tax Period

2023-01-01 to 2023-12-31

SUN PRAIRIE PUBLIC LIBRARY FOUNDATION INC, founded in 1999, is a small nonprofit in the Education sector that reported $896K in total revenue in fiscal year 2023. The organization ran a surplus of $620K, a strong 69% operating margin.

Mission

TO MAKE THE SUN PRAIRIE PUBLIC LIBRARY THE BEST IT CAN BE.

Program Service Accomplishments

Program 1

Expenses: $98,544 Revenue: $0

THE SUN PRAIRIE PUBLIC LIBRARY FOUNDATION (SPPLF) IS A NON-PROFIT, 501C3 ORGANIZATION WHOSE SOLE PURPOSE IS TO SUPPORT THE SUN PRAIRIE PUBLIC LIBRARY (SPPL) TO BE THE BEST LIBRARY IT CAN BE. IN 2023 THE SPPLF FOCUSED FUNDRAISING ON A CAPITAL CAMPAIGN FOR THE EXPANSION OF THE LIBRARY. THE FOUNDATION SUPPORTED THE LIBRARY BY HOLDING BOTH MAIL CAMPAIGNS AND IN-PERSON EVENTS SUPPLEMENTED WITH SOCIAL MEDIA. TWO MAJOR IN-PERSON FUNDRAISING EVENTS WERE HELD IN SPRING AND FALL. 100% OF ANNUAL SPPLF INVESTMENT EARNINGS MAY BE DISTRIBUTED TO THE SPPL. 2022 INVESTMENT EARNINGS ENABLED THE SPPLF TO OFFER SPPL $35,102 IN SUPPORT. SPPL ELECTED NOT TO USE THOSE FUNDS FOR PROGRAMS AND LIBRARY IMPROVEMENTS AND TO LEAVE 100% INTO THE INVESTED FUNDS.

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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 $811,130

Program Service Revenue $0

Investment Income $89,190

Other Revenue $-4,267

TOTAL REVENUE $896,053

Expense Breakdown

Grants Paid $26,500

Salaries & Benefits $117,139

Fundraising Expenses $88,441

Program Expenses $98,544

Other Expenses $117,542

TOTAL EXPENSES $276,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$896,053	$860,967	+0.0%
Expenses	$276,181	$258,179	+0.1%
Net Income	$619,872	$602,788	+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

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

$77,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY HEROLD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSH ERICKSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STACI WILLEMS	SECRETARY	2.00	Officer Director	$0	$0	$0
CALEB MARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
SHANE HEIM	DIRECTOR	2.00	Director	$0	$0	$0
ROD ELLENBECKER	DIRECTOR	2.00	Director	$0	$0	$0
TERRY MCILROY	DIRECTOR	2.00	Director	$0	$0	$0
PAT MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JANET NELSON	DIRECTOR	2.00	Director	$0	$0	$0
CAROL ESSER	DIRECTOR (THRU MID-DECEMBER)	2.00	Director	$0	$0	$0
PAT WENDE	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE WENDT	DIRECTOR (THRU MID-DECEMBER)	2.00	Director	$0	$0	$0
KATHLEEN KELM	DIRECTOR	2.00	Director	$0	$0	$0
REKHA YARLAGADA	DIRECTOR (THRU MID-DECEMBER)	2.00	Director	$0	$0	$0
SAMANTHA NIEMAN	DIRECTOR	2.00	Director	$0	$0	$0
GRAY MWANGI	STUDENT DIRECTOR (THRU MID-DECEMBER)	2.00	Director	$0	$0	$0
CARSON SCHMOLDT	STUDENT DIRECTOR (THRU MID-DECEMBER)	2.00	Director	$0	$0	$0
CINDY MESTELLE	FRIENDS BOARD LIASON	2.00	Director	$0	$0	$0
REX OWENS	LIBRARY BOARD LIASON	2.00	Director	$0	$0	$0
SVETHA HETZLER	STAFF LIASON	2.00	Director	$0	$0	$0
THERESA STEVENS	EXECUTIVE DIRECTOR	40.00	Officer	$77,250	$0	$77,250

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	$896,053	$276,181	$2,945,192	$619,872
2022	$860,967	$258,179	$2,253,424	$602,788
2021	$272,256	$103,851	$1,806,762	$168,405
2020	$515,507	$72,497	$1,594,090	$443,010
2019	$410,321	$50,018	$1,039,981	$360,303
2018	$104,550	$35,601	$609,332	$68,949

SUN PRAIRIE PUBLIC LIBRARY FOUNDATION INC