CARROLLTON PUBLIC LIBRARY (EIN 431027407) - 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

1938

Legal Domicile

Principal Officer

CORINA THORNE

Phone

6605420183

Tax Period

2024-01-01 to 2024-12-31

CARROLLTON PUBLIC LIBRARY, founded in 1938, is a small nonprofit in the Education sector that reported $269K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $243K left a modest 10% surplus.

Mission

THE CARROLLTON PUBLIC LIBRARY MISSION IS TO BE THE HUB OF INFORMATION, EDUCATION AND RECREATION FOR THE COMMUNITY. THEY PROVIDE LIBRARY MATERIALS, PROGRAMS AND SERVICES TO LIBRARY PATRONS. THE CARROLLTON LIBRARY ALSO PROVIDES INTERNET ACCESS, WIFI CONNECTIVITY, AND MEETING ROOMS TO THE GENERAL PUBLIC FOR BUSINESS PURPOSES ONLY.

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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 $67,131

Program Service Revenue $10,017

Investment Income $31,378

Other Revenue $160,678

TOTAL REVENUE $269,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,996

Fundraising Expenses $0

Program Expenses $182,927

Other Expenses $86,816

TOTAL EXPENSES $242,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,204	$432,342	-0.4%
Expenses	$242,812	$278,554	-0.1%
Net Income	$26,392	$153,788	-0.8%

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

$49,572

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORINA THORNE	LIBRARY DIRE	40.00	Officer	$48,000	$1,572	$49,572
TARA BAKER	PRESIDENT	0.50	Officer Director	$0	$0	$0
KELLYE WADER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
PAM HORINE	SECRETARY	0.50	Officer Director	$0	$0	$0
CHRIS THOMAS	TREASURER	0.50	Officer Director	$0	$0	$0
KATIE FORSYTHE	BOARD MEMBER	0.50	Director	$0	$0	$0
DANI JONES	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH BRENEMANN	BOARD MEMBER	0.50	Director	$0	$0	$0
KIM PARK	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBBIE WALLACE	BOARD MEMBER	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	$269,204	$242,812	$998,038	$26,392
2023	$432,342	$278,554	$963,639	$153,788
2022	$261,149	$224,055	$800,633	$37,094
2021	$237,164	$217,564	$775,012	$19,600
2020	$234,529	$233,663	$752,179	$866
2019	$210,673	$194,398	$750,143	$16,275
2018	$211,815	$220,671	$739,855	$-8,856

CARROLLTON PUBLIC LIBRARY