NORMAL PUBLIC LIBRARY FOUNDATION

EIN: 453138846 501(c)(3) Education

NORMAL, IL

Total Revenue
$74,626
Total Expenses
$41,432
Total Assets
$412,138
Net Assets
$412,138
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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
2011
Principal Officer
MICHELLE FREEMAN
Phone
3095336108
Tax Period
2024-04-01 to 2025-03-31

NORMAL PUBLIC LIBRARY FOUNDATION, founded in 2011, is a micro nonprofit in the Education sector that reported $75K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 44% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE OPERATIONAL AND CAPITAL NEEDS OF THE NORMAL PUBLIC LIBRARY WHERE THERE IS A LACK OF ADEQUATE FUNDING THROUGH THE LIBRARY'S AVAILABLE RESOURCES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,825
Program Service Revenue $0
Investment Income $34,426
Other Revenue $10,375
TOTAL REVENUE $74,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,673
Other Expenses $41,432
TOTAL EXPENSES $41,432

Year-over-Year Comparison

2024 2023 Change
Revenue $74,626 $37,615 +1.0%
Expenses $41,432 $39,895 +0.0%
Net Income $33,194 $-2,280 -15.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM ALCORN DIRECTOR N/A
Director
$0 $0 $0
NANCY ANDERSON DIRECTOR N/A
Director
$0 $0 $0
BEVIN CHOBAN DIRECTOR N/A
Director
$0 $0 $0
MORGAN FALCONER TREASURER N/A
Officer Director
$0 $0 $0
MICHELLE FREEMAN PRESIDENT N/A
Officer Director
$0 $0 $0
BRIAN HUONKER DIRECTOR N/A
Director
$0 $0 $0
LYNDA LANE TRUSTEES LIA N/A
Director
$0 $0 $0
CHERYL MAGNUSON VICE-PRESIDE N/A
Officer Director
$0 $0 $0
BRETT PETERSEN DIRECTOR N/A
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 $74,626 $41,432 $412,138 $33,194
2024 $37,615 $39,895 $628,974 $-2,280
2023 $276,383 $29,859 $560,542 $246,524
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