CITY OF MARTIN PUBLIC LIBRARY FOUND (EIN 474202061) - 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

2015

Principal Officer

LARRY SNIDER

Phone

7315873148

Tax Period

2022-01-01 to 2022-12-31

CITY OF MARTIN PUBLIC LIBRARY FOUND, founded in 2015, is a micro nonprofit in the Education sector that reported $89K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $71K, a strong 80% operating margin.

Mission

IN THE 21ST CENTURY, LIBRARIES ARE A DESTINATION, A PLACE OF PRIDE, A "COMMUNITY LIVING ROOM" FOR ALL MEMBERS WHO BELONG TO IT. THEY OFFER SERVICES TO THE REGION BY CONNECTING PATRONS TO ONE ANOTHER AND TO RESOURCES THAT AREN'T AVAILABLE AT HOME OR WORK. THE CITY OF MARTIN PUBLIC LIBRARY FOUNDATION BOARD IS PREPARING TO TRANSFORM THE CURRENT LIBRARY INTO A 21ST CENTURY LIBRARY, AND ONE THAT WILL BECOME THE CITY'S CENTER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $88,739

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $88,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,095

Other Expenses $18,095

TOTAL EXPENSES $18,095

Year-over-Year Comparison

	2022	2021	Change
Revenue	$88,739	$284,329	-0.7%
Expenses	$18,095	$287,777	-0.9%
Net Income	$70,644	$-3,448	-21.5%

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
NICK DUNAGAN	MEMBER	N/A	Director	$0	$0	$0
TODD HAMPTON	MEMBER	N/A	Director	$0	$0	$0
TOMMY LEGINS	TREASURER	N/A	Officer Director	$0	$0	$0
MISTY MENEES	MEMBER	N/A	Director	$0	$0	$0
WARNER PACE	MEMBER	N/A	Director	$0	$0	$0
ROBERTA PEACOCK	MEMBER	N/A	Director	$0	$0	$0
AUDREY ROBERTS	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHNNY SHANKLIN	MEMBER	N/A	Director	$0	$0	$0
LARRY SNIDER	PRESIDENT	N/A	Officer Director	$0	$0	$0
ANN SWAIM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DIANE TINKLE	MEMBER	N/A	Director	$0	$0	$0
LANG UNGER	MEMBER	N/A	Director	$0	$0	$0
JENNA WRIGHT	MEMBER	N/A	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
2022	$88,739	$18,095	$211,915	$70,644
2021	$284,329	$287,777	$75,021	$-3,448
2020	$464,807	$501,327	$78,469	$-36,520
2019	$311,369	$752,183	$114,989	$-440,814
2018	$383,734	$342	$555,803	$383,392

CITY OF MARTIN PUBLIC LIBRARY FOUND