REHOBOTH BEACH PUBLIC LIBRARY INC (EIN 516016494) - 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

1912

Legal Domicile

Principal Officer

KAY WHEATLEY

Phone

3022278044

Tax Period

2023-07-01 to 2024-06-30

REHOBOTH BEACH PUBLIC LIBRARY INC, founded in 1912, is a small nonprofit in the Education sector that reported $597K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $509K left a modest 15% surplus.

Mission

PUBLIC LIBRARY

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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 $545,222

Program Service Revenue $23,341

Investment Income $20,683

Other Revenue $7,630

TOTAL REVENUE $596,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,153

Fundraising Expenses $0

Program Expenses $509,385

Other Expenses $207,232

TOTAL EXPENSES $509,385

Year-over-Year Comparison

	2023	2022	Change
Revenue	$596,876	$835,190	-0.3%
Expenses	$509,385	$582,526	-0.1%
Net Income	$87,491	$252,664	-0.7%

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

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
KAY WHEATLEY	PRESIDENT	3.00	Officer	$0	$0	$0
ROSE MARIE PATIN	VICE PRESIDE	1.00	Officer	$0	$0	$0
JOE WADE	TREASURER	3.00	Officer	$0	$0	$0
LIANE MCDOWELL SORENSON	SECRETARY	1.00	Officer	$0	$0	$0
TOM WONTOREK	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BERRY	MEMBER AT-LA	1.00	Director	$0	$0	$0
DOUG KLEINTOP	MEMBER AT-LA	1.00	Director	$0	$0	$0
DAVE EASON	MEMBER AT-LA	1.00	Director	$0	$0	$0
LINDA TUNIE	MEMBER AT-LA	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
2025	No data	No data	No data	No data
2024	$596,876	$509,385	$1,299,687	$87,491
2023	$835,190	$582,526	$1,173,977	$252,664
2022	$529,888	$561,658	$72,295	$-31,770
2021	$478,021	$445,752	$104,065	$32,269

REHOBOTH BEACH PUBLIC LIBRARY INC