ABERDEEN LIBRARY FOUNDATION (EIN 460428183) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

Lavonne Miller

Phone

6056267097

Tax Period

2023-01-01 to 2023-12-31

ALEXANDER MITCHELL LIBRARY FOUNDATION, founded in 1994, is a micro nonprofit in the Education sector that reported $25K in total revenue in fiscal year 2018. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $348K exceeded revenue, resulting in a 1314% operating deficit.

Mission

Promotion of and the continued growth and development of the library. Ensuring the library can continue to provide literary services and resources to the community.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,851

Program Service Revenue $0

Investment Income $20,241

Other Revenue $0

TOTAL REVENUE $37,092

Expense Breakdown

Grants Paid $16,363

Salaries & Benefits $0

Fundraising Expenses $2,202

Program Expenses $16,363

Other Expenses $5,789

TOTAL EXPENSES $22,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,092	$63,526	-0.4%
Expenses	$22,152	$6,732	+2.3%
Net Income	$14,940	$56,794	-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
Teresa Levsen-Garofalo	Board member	0.10	Director	$0	$0	$0
Eric Poe	Board Member	0.10	Director	$0	$0	$0
Ken Krause	Board Member	0.10	Director	$0	$0	$0
Heidi Golz	President	0.50	Officer	$0	$0	$0
Patrick Gallagher	Vice President	0.25	Officer	$0	$0	$0
Lavonne Miller	Treasurer	0.50	Officer	$0	$0	$0
Jessica Faulken	Secretary	0.25	Officer	$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	$37,092	$22,152	$543,991	$14,940
2022	$63,526	$6,732	$500,899	$56,794
2021	$37,595	$340,788	$501,428	$-303,193
2020	$12,922	$318,343	$788,857	$-305,421
2019	$16,097	$322,822	$1,074,041	$-306,725
2018	$24,607	$347,937	$1,351,348	$-323,330

ABERDEEN LIBRARY FOUNDATION