Midland County Public Library Foundation (EIN 460735772) - 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

Chris Stonedale

Phone

4322051366

Tax Period

2024-01-01 to 2024-12-31

Midland County Public Library Foundation, founded in 2012, is a small nonprofit in the Education sector that reported $399K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 29% operating margin.

Mission

To support and enhance the operations, acquisitions, and funding of projects and programs that encourage lifelong learning through the Midland County Public Library System.

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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 (2024)

Revenue Breakdown

Contributions & Grants $391,257

Program Service Revenue $0

Investment Income $6,210

Other Revenue $1,801

TOTAL REVENUE $399,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,274

Fundraising Expenses $11,962

Program Expenses $257,969

Other Expenses $184,728

TOTAL EXPENSES $283,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,268	$279,130	+0.4%
Expenses	$283,002	$426,741	-0.3%
Net Income	$116,266	$-147,611	-1.8%

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

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

$91,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Stonedale	Executive Director	040.00	Officer	$91,290	$0	$91,290
Katie McBryde	President	002.00	Officer Director	$0	$0	$0
Eric Rose	Vice President	002.00	Officer Director	$0	$0	$0
J Deviin Alsup	Treasurer	002.00	Officer Director	$0	$0	$0
Randis Butts	Director	N/A	Director	$0	$0	$0
Andy Shaffer	Director	001.00	Director	$0	$0	$0
Mary Macferran	Director	001.00	Director	$0	$0	$0
Michael Everett	Director	001.00	Director	$0	$0	$0
Jess Gilmour	Director	001.00	Director	$0	$0	$0
Matt Dunnam	Director	001.00	Director	$0	$0	$0
Ashley Roush	Director	001.00	Director	$0	$0	$0
Julie Donnelly	Director	001.00	Director	$0	$0	$0
Stephen Robertson	Director	001.00	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	$399,268	$283,002	$737,756	$116,266
2023	$279,130	$426,741	$601,425	$-147,611
2022	$381,450	$349,594	$723,585	$31,856
2021	$418,526	$336,711	$730,172	$81,815
2020	$304,460	$175,308	$613,354	$129,152
2019	$352,811	$362,686	$465,904	$-9,875
2018	$450,602	$389,867	$454,155	$60,735

Midland County Public Library Foundation