Bedford County Library Inc (EIN 463019177) - 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

2014

Legal Domicile

Principal Officer

Matthew Godissart

Phone

8146235010

Tax Period

2023-01-01 to 2023-12-31

Bedford County Library Inc, founded in 2014, is a small nonprofit in the Education sector that reported $301K in total revenue in fiscal year 2023.

Mission

To provide a free public library to the general public by providing books,reference materials, etc.

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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 (2023)

Revenue Breakdown

Contributions & Grants $268,515

Program Service Revenue $13,871

Investment Income $18,956

Other Revenue $0

TOTAL REVENUE $301,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,004

Fundraising Expenses $2,690

Program Expenses $275,872

Other Expenses $102,886

TOTAL EXPENSES $314,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,342	$314,111	0.0%
Expenses	$314,890	$315,740	0.0%
Net Income	$-13,548	$-1,629	+7.3%

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

$46,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew G Godissart	Director	40.00	Officer	$46,928	$0	$46,928
Gisele College	President	1.00	Officer Director	$0	$0	$0
Laura Garlock	Vice President	1.00	Officer Director	$0	$0	$0
Rick Smith	Secretary	1.00	Officer Director	$0	$0	$0
Barb Short	Treasurer	1.00	Officer Director	$0	$0	$0
Jessica Frye	Board member	1.00	Director	$0	$0	$0
Mary Heller	Board member	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	No data	No data	No data	No data
2023	$301,342	$314,890	$388,899	$-13,548
2022	$314,111	$315,740	$404,644	$-1,629
2021	$292,312	$269,943	$404,068	$22,369
2020	$255,750	$239,222	$389,140	$16,528
2019	$252,164	$254,414	$380,857	$-2,250
2018	$251,006	$255,960	$355,077	$-4,954

Bedford County Library Inc