LIBRARY & COMMUNITY FOUNDATION OF RICHARDSON COUNTY (EIN 470842392) - 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

2003

Legal Domicile

Principal Officer

ROBERT W AITKEN

Phone

4022452913

Tax Period

2024-01-01 to 2024-12-31

LIBRARY & COMMUNITY FOUNDATION OF RICHARDSON COUNTY, founded in 2003, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $80K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $24K, a strong 30% operating margin.

Mission

TO SUPPORT THE FALLS CITY LIBRARY AND ARTS CENTER LOCATED IN FALLS CITY, NEBRASKA

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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 $70,791

Program Service Revenue $0

Investment Income $4,168

Other Revenue $5,273

TOTAL REVENUE $80,232

Expense Breakdown

Grants Paid $1,968

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,947

Other Expenses $53,979

TOTAL EXPENSES $55,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,232	$69,458	+0.2%
Expenses	$55,947	$75,719	-0.3%
Net Income	$24,285	$-6,261	-4.9%

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
RITA SEID	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA WERTENBERGER	DIRECTOR/CUR	8.00	Director	$0	$0	$0
ROBERT W AITKEN	SECRETARY/TR	2.00	Officer	$0	$0	$0
RICHARD HALBERT	VICE PRESIDE	1.00	Officer	$0	$0	$0
DANA RATHJE	PRESIDENT	1.00	Officer	$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	$80,232	$55,947	$1,217,602	$24,285
2023	$69,458	$75,719	$1,193,317	$-6,261
2022	$40,655	$47,423	$1,199,578	$-6,768
2021	$79,153	$57,454	$1,206,346	$21,699
2020	$28,314	$36,364	$1,184,647	$-8,050
2019	$43,666	$48,239	$1,192,697	$-4,573
2018	$66,201	$57,982	$1,197,270	$8,219

LIBRARY & COMMUNITY FOUNDATION OF RICHARDSON COUNTY