Friends of the Grimes Public Library (EIN 462425944) - 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

2013

Legal Domicile

Principal Officer

Cheryl Heid

Phone

5159863551

Tax Period

2021-01-01 to 2021-12-31

Friends of the Grimes Public Library, founded in 2013, is a small nonprofit in the Education sector that reported $271K in total revenue in fiscal year 2021. The organization ran a surplus of $258K, a strong 95% operating margin.

Mission

The purpose and objective of the corporation shall be to operate exclusively for charitable, educational and literary purposes as a nonprofit corporation with its activities conducted for the enhancement and improvement of the Grimes Public Library and its patrons.

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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 (2021)

Revenue Breakdown

Contributions & Grants $271,257

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $271,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,480

Program Expenses $9,000

Other Expenses $13,486

TOTAL EXPENSES $13,486

Year-over-Year Comparison

	2021	2020	Change
Revenue	$271,257	N/A	N/A
Expenses	$13,486	N/A	N/A
Net Income	$257,771	N/A	N/A

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

N/A

Volunteers

N/A

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
Cheryl Heid	Director	0.00	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
2021	$271,257	$13,486	$275,048	$257,771

Friends of the Grimes Public Library