INDIANA STATE LIBRARY FOUNDATION IN

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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

Legal Domicile

Principal Officer

MONTY KORTE

Phone

3172323693

Tax Period

2023-01-01 to 2023-12-31

INDIANA STATE LIBRARY FOUNDATION IN, founded in 2011, is a small nonprofit in the Education sector that reported $262K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $310K exceeded revenue, resulting in a 18% operating deficit.

Mission

SUPPORT ENHANCEMENT AND PROMOTION OF ACTIVITIES OF THE INDIANA STATE LIBRARY, THEIR PROGRAMS AND COLLECTIONS, AND TO AID IN THE DEVELOPMENT OF PROGRAMS BENEFITTING INDIVIDUALS AND LIBRARIES THROUGHOUT THE STATE. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $45,159

THE INDIANA STATE LIBRARY FOUNDATION SUPPORTS THE VISUALLY IMPAIRED SERVICES OF THE INDIANA STATE LIBRARY BY FUNDING THE ADDITION OF LARGE PRINT VERSIONS OF BOOKS AS WELL AS THE TALKING BOOK AND...

THE INDIANA STATE LIBRARY FOUNDATION SUPPORTS THE VISUALLY IMPAIRED SERVICES OF THE INDIANA STATE LIBRARY BY FUNDING THE ADDITION OF LARGE PRINT VERSIONS OF BOOKS AS WELL AS THE TALKING BOOK AND BRAILLE LIBRARY. THE INDIANA TALKING BOOK AND BRAILLE LIBRARY (TBBL) PROVIDES FREE LIBRARY SERVICE TO RESIDENTS OF INDIANA WHO CAN NOT USE STANDARD PRINTED MATERIALS DUE TO A VISUAL OR PHYSICAL DISABILITY.

Program 2

THE GENEALOGY COLLECTION HAS DEVELOPED OVER TIME TO BECOME ONE OF THE LARGEST COLLECTIONS OF FAMILY HISTORY INFORMATION IN THE MIDWEST. THE COLLECTION INCLUDES MORE THAN 40,000 PRINT ITEMS (FAMILY...

THE GENEALOGY COLLECTION HAS DEVELOPED OVER TIME TO BECOME ONE OF THE LARGEST COLLECTIONS OF FAMILY HISTORY INFORMATION IN THE MIDWEST. THE COLLECTION INCLUDES MORE THAN 40,000 PRINT ITEMS (FAMILY HISTORIES, INDEXES TO RECORDS, HOW-TO-BOOKS,CEMETERY TRANSCRIPTIONS, FAMILY HISTORY MAGAZINES, AND MORE), AS WELL AS MILITARY PENSION INFORMATION. THE EMPHASIS OF THE COLLECTION IS ON INDIANA AND BORDERING STATES, AS WELL AS EASTERN AND SOUTHERN STATES. IN ADDITION, THE INDIANA STATE LIBRARY FOUNDATION ENABLES THE INDIANA STATE LIBRARY TO HOST WORKSHOPS, TOURS, AND ONE-ON-ONE HISTORY CONSULTATIONS.

Program 3

Expenses: $51,435

THE INDIANA STATE LIBRARY FOUNDATION PROVIDES SUPPORT IN THE PURCHASE OF MATERIALS AND EQUIPMENT VITAL TO THE CONTINUED PRESERVATION OF INVALUABLE BOOKS, MAPS, AND REFERENCE MATERIAL, ALONG WITH...

THE INDIANA STATE LIBRARY FOUNDATION PROVIDES SUPPORT IN THE PURCHASE OF MATERIALS AND EQUIPMENT VITAL TO THE CONTINUED PRESERVATION OF INVALUABLE BOOKS, MAPS, AND REFERENCE MATERIAL, ALONG WITH MAKING ACCESSIBLE, THE HISTORY OF INDIANA TO ALL RESIDENTS.

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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 $0

Program Service Revenue $0

Investment Income $201,199

Other Revenue $60,713

TOTAL REVENUE $261,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,119

Fundraising Expenses $6,000

Program Expenses $170,646

Other Expenses $237,655

TOTAL EXPENSES $309,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,912	$198,698	+0.3%
Expenses	$309,774	$345,281	-0.1%
Net Income	$-47,862	$-146,583	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GVIDO BURGIS	EXECUTIVE DI	40.00		$67,781	$0	$67,781
ROBERTA BROOKER	SECRETARY /	2.00	Officer Director	$0	$0	$0
MONTY KORTE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT SCHUSTER	TREASURER	2.00	Officer 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	No data	No data	No data	No data
2023	$261,912	$309,774	$4,688,425	$-47,862
2022	$198,698	$345,281	$4,420,628	$-146,583
2021	$658,053	$341,139	$5,126,350	$316,914
2020	$552,840	$314,287	$4,524,595	$238,553
2019	$191,285	$430,331	$4,020,142	$-239,046
2018	$78,909	$424,347	$3,230,466	$-345,438