MASON CITY PUBLIC LIBRARY FOUNDATION INC (EIN 421263454) - 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

1985

Legal Domicile

Principal Officer

DAVID GROOTERS

Phone

6413213668

Tax Period

2022-07-01 to 2023-06-30

MASON CITY PUBLIC LIBRARY FOUNDATION INC, founded in 1985, is a micro nonprofit that reported $88K in total revenue in fiscal year 2022. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 85% operating margin.

Mission

SUPPORT FOR MASON CITY 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 (2022)

Revenue Breakdown

Contributions & Grants $13,388

Program Service Revenue $0

Investment Income $74,320

Other Revenue $0

TOTAL REVENUE $87,708

Expense Breakdown

Grants Paid $12,040

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,064

Other Expenses $965

TOTAL EXPENSES $13,005

Year-over-Year Comparison

	2022	2021	Change
Revenue	$87,708	$34,650	+1.5%
Expenses	$13,005	$21,595	-0.4%
Net Income	$74,703	$13,055	+4.7%

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
JON PREBECK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LEE	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE BERG	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN RUEN	SECRETARY	1.00	Officer	$0	$0	$0
KRIS URDAHL	TREASURER	1.00	Officer	$0	$0	$0
BRAD SCHONEBERG	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DAVID HAAS	PRESIDENT	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$87,708	$13,005	$584,227	$74,703
2022	$34,650	$21,595	$546,516	$13,055
2021	$52,390	$13,000	$599,345	$39,390
2020	$33,701	$1,201	$491,750	$32,500
2019	$105,155	$21,334	$453,827	$83,821
2018	$26,865	$20,452	$344,027	$6,413

MASON CITY PUBLIC LIBRARY FOUNDATION INC