FRIENDS OF THE SPARTA FREE LIBRARY (EIN 455397422) - 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

2012

Legal Domicile

Principal Officer

NANCY FRAZEE

Phone

6085189112

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE SPARTA FREE LIBRARY, founded in 2012, is a micro nonprofit in the Education sector that reported $41K in total revenue in fiscal year 2025. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 868% operating deficit.

Mission

TO SUPPORT THE BENEFITS OF THE SPARTA FREE 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 (2025)

Revenue Breakdown

Contributions & Grants $29,018

Program Service Revenue $0

Investment Income $11,686

Other Revenue $0

TOTAL REVENUE $40,704

Expense Breakdown

Grants Paid $364,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $392,614

Other Expenses $29,978

TOTAL EXPENSES $393,978

Year-over-Year Comparison

	2025	2024	Change
Revenue	$40,704	$186,965	-0.8%
Expenses	$393,978	$1,201,673	-0.7%
Net Income	$-353,274	$-1,014,708	-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

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
TRISH SHECTERLE	PRESIDENT	3.00	Officer Director	$0	$0	$0
NANCY FRAZEE	TREASURER	3.00	Officer Director	$0	$0	$0
CHRISTY HEITMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
AMY BERNATH	CAMPAIGN COORDINATOR	2.00	Director	$0	$0	$0
JOHN FRAZEE	COMMITTEE MEMBER	3.00	Director	$0	$0	$0
JOHN LA COURSE	COMMITTEE MEMBER	3.00	Director	$0	$0	$0
SHERRI LA COURSE	COMMITTEE MEMBER	3.00	Director	$0	$0	$0
REINHARD MUELLER	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
MICHELLE TRYGGESTAD	LIBRARY DIRECTOR	3.00	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	$40,704	$393,978	$13,421	$-353,274
2024	$186,965	$1,201,673	$366,695	$-1,014,708
2023	$199,385	$105,322	$1,381,403	$94,063
2022	$39,188	$105,564	$1,287,340	$-66,376
2021	$52,647	$3,831	$1,353,716	$48,816
2020	$167,444	$6,494	$1,304,900	$160,950
2019	$1,130,576	$16,514	$1,143,950	$1,114,062
2019	$1,130,576	$16,514	$1,143,950	$1,114,062
2019	$1,130,576	$16,514	$1,143,950	$1,114,062

FRIENDS OF THE SPARTA FREE LIBRARY