GOTHENBURG LIBRARY FOUNDATION

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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

1995

Legal Domicile

Principal Officer

STEVE WINDRUM

Phone

3085372591

Tax Period

2024-01-01 to 2024-12-31

GOTHENBURG LIBRARY FOUNDATION, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $20K in total revenue in fiscal year 2024. Revenue surged 2535% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 78% operating margin.

Mission

SUPPORT THE PUBLIC LIBRARY AND PROVIDE HUMANITIES EXHIBITS AND PERFORMANCES FOR THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $72

THE ORGANIZATION PROVIDED SUPPORT TO THE GOTHENBURG PUBLIC LIBRARY BY ACCEPTING DONATIONS AND GRANTS AND PROVIDING FUNDS FOR LIBRARY IMPROVEMENTS AND OPERATIONS.

Program 2

Expenses: $4,392

HUMANITIES PROGRAMS AND EXHIBITS WERE PROVIDED FOR THE GENERAL PUBLIC.

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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 $435

Program Service Revenue $0

Investment Income $19,618

Other Revenue $0

TOTAL REVENUE $20,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,464

Other Expenses $4,464

TOTAL EXPENSES $4,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,053	$761	+25.4%
Expenses	$4,464	$1,944	+1.3%
Net Income	$15,589	$-1,183	-14.2%

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

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
MARIANN BOYD	TREASURER	N/A	Officer Director	$0	$0	$0
MARY LOU CLARK	DIRECTOR	N/A	Director	$0	$0	$0
LISA GEIKEN	DIRECTOR	N/A	Director	$0	$0	$0
JAN GILL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MATT OLSEN	DIRECTOR	N/A	Director	$0	$0	$0
GEORGIA REEVES	DIRECTOR	N/A	Director	$0	$0	$0
TABITHA VENTEICHER	DIRECTOR	N/A	Director	$0	$0	$0
STEVE WINDRUM	PRESIDENT	N/A	Officer 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
2024	$20,053	$4,464	$669,107	$15,589
2023	$761	$1,944	$653,518	$-1,183
2022	$19,338	$3,503	$654,701	$15,835
2021	$22,785	$5,575	$638,866	$17,210
2020	$6,446	$14,157	$621,656	$-7,711
2019	$34,429	$23,455	$629,367	$10,974
2018	$18,822	$16,769	$618,393	$2,053