KLING MEMORIAL LIBRARY FOUNDATION (EIN 421506596) - 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

2000

Legal Domicile

Principal Officer

BRANDY BINGMAN

Phone

3198253607

Tax Period

2024-01-01 to 2024-12-31

KLING MEMORIAL LIBRARY FOUNDATION, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $17K in total revenue in fiscal year 2024. Revenue surged 372% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 99% operating margin.

Mission

TO PROVIDE FINANCIAL AND VOLUNTEER SUPPORT TO THE KLING MEMORIAL 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 (2024)

Revenue Breakdown

Contributions & Grants $11,279

Program Service Revenue $0

Investment Income $5,690

Other Revenue $0

TOTAL REVENUE $16,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $200

TOTAL EXPENSES $200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,969	$3,593	+3.7%
Expenses	$200	$200	N/A
Net Income	$16,769	$3,393	+3.9%

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
LINDSEY FREESE	EXEC DIRECTOR	1.00	Director	$0	$0	$0
BRANDY BINGMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD ROHLER	SEC/TREAS	1.00	Officer Director	$0	$0	$0
JACKIE REDIX	TRUSTEE	1.00	Director	$0	$0	$0
LYNN BLYTHE	TRUSTEE	1.00	Director	$0	$0	$0
ROGER ENGELKES	TRUSTEE	1.00	Director	$0	$0	$0
CHUCK KRUSE	TRUSTEE	1.00	Director	$0	$0	$0
SANDY SPANGENBURG	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$16,969	$200	$134,678	$16,769
2023	$3,593	$200	$117,909	$3,393
2022	$377	$200	$114,516	$177
2021	$1,581	$9,131	$114,339	$-7,550
2020	$2,142	$200	$121,889	$1,942
2019	$1,822	$200	$119,947	$1,622
2018	$1,168	$350	$118,325	$818

KLING MEMORIAL LIBRARY FOUNDATION