MORTON COUNTY PUBLIC LIBRARY (EIN 480776922) - 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

1997

Legal Domicile

Phone

6206972025

Tax Period

2024-01-01 to 2024-12-31

MORTON COUNTY PUBLIC LIBRARY, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $281K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $250K left a modest 11% surplus.

Mission

PROVIDE RESEARCH AND READING RESOURCES

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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 $0

Program Service Revenue $276,565

Investment Income $678

Other Revenue $3,772

TOTAL REVENUE $281,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,305

Fundraising Expenses $0

Program Expenses $193,872

Other Expenses $55,256

TOTAL EXPENSES $249,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,015	$217,105	+0.3%
Expenses	$249,561	$261,871	0.0%
Net Income	$31,454	$-44,766	-1.7%

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

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
JEANNE MCKINLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
TONI WIGGINS	DIRECTOR	40.00	Director Key Emp Highest	$0	$0	$0
LYNETTE SCHRAUNER	SECRETAY-TREASURER	0.50	Director	$0	$0	$0
SHARON LUX	CHAIRMAN	0.50	Officer Director	$0	$0	$0
TERRELL GIDDENS	VICE-CHAIRMAN	0.50	Officer Director	$0	$0	$0
CAROLYN LARUE	BOARD MEMBER	0.50	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	$281,015	$249,561	$10,540	$31,454
2023	$217,105	$261,871	$-20,924	$-44,766
2022	$199,969	$249,284	$23,617	$-49,315
2021	$205,197	$201,402	$73,565	$3,795
2020	$208,324	$204,253	$69,720	$4,071
2019	$217,347	$205,122	$65,699	$12,225
2018	$212,488	$211,437	$53,474	$1,051

MORTON COUNTY PUBLIC LIBRARY