RAPID CITY LIBRARY FOUNDATION INC (EIN 460442680) - 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

1996

Legal Domicile

Principal Officer

TYLER WETERING

Phone

6053944171

Tax Period

2024-01-01 to 2024-12-31

RAPID CITY LIBRARY FOUNDATION INC, founded in 1996, is a micro nonprofit in the Education sector that reported $57K in total revenue in fiscal year 2018. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 29% operating margin.

Mission

PROMOTION OF THE CONTINUED GROWTH AND DEVELOPMENT OF THE PUBLIC LIBRARY IN RAPID CITY AND ITS GENERAL WELFARE, AND PUBLIC RELATIONS, AS WELL AS INCREASING THE SIZE OF HOLDINGS OF LIBRARY MATERIALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,445

Program Service Revenue $0

Investment Income $64,421

Other Revenue $0

TOTAL REVENUE $90,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $349

Program Expenses $39,664

Other Expenses $60,768

TOTAL EXPENSES $60,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,866	$112,596	-0.2%
Expenses	$60,768	$233,827	-0.7%
Net Income	$30,098	$-121,231	-1.2%

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
TYLER WETERING	PRESIDENT	1.00	Officer Director	$0	$0	$0
RUTH ANN KARLEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT SEIDL	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE JONES	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ICE	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY RICHMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY ALTMAN	DIRECTOR	1.00	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
2024	$90,866	$60,768	$1,451,742	$30,098
2023	$112,596	$233,827	$1,332,696	$-121,231
2022	$250,092	$98,777	$1,361,974	$151,315
2021	$131,195	$27,282	$1,377,006	$103,913
2020	$40,225	$19,165	$1,161,014	$21,060
2019	$62,535	$27,240	$1,037,326	$35,295
2018	$56,558	$40,329	$875,190	$16,229

RAPID CITY LIBRARY FOUNDATION INC