QUEEN ANNE'S COUNTY FREE LIBRARY (EIN 520623993) - 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

1945

Legal Domicile

Principal Officer

JANET SALAZAR

Phone

4107580980

Tax Period

2024-07-01 to 2025-06-30

QUEEN ANNE'S COUNTY FREE LIBRARY, founded in 1945, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024.

Mission

PUBLIC LIBRARY SERVICES, QUEEN ANNE'S COUNTY, MARYLAND

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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 $3,420,756

Program Service Revenue $29,158

Investment Income $75,164

Other Revenue $0

TOTAL REVENUE $3,525,078

Expense Breakdown

Grants Paid $23,842

Salaries & Benefits $2,686,588

Fundraising Expenses $0

Program Expenses $3,232,435

Other Expenses $723,263

TOTAL EXPENSES $3,433,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,525,078	$3,313,033	+0.1%
Expenses	$3,433,693	$3,428,214	+0.0%
Net Income	$91,385	$-115,181	-1.8%

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

$178,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY GILBERT	PRESIDENT	0.00	Officer Director	$0	$0	$0
NANCY HEDDEN-KUNKEL	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
KATHLEEN LYONS	SECRETARY	0.00	Officer Director	$0	$0	$0
BARRY R DEEMER	TREASURER	0.00	Officer Director	$0	$0	$0
HILLARY LINDEMAN	TRUSTEE	0.00	Director	$0	$0	$0
CAROLYN ARMSTRONG	TRUSTEE	0.00	Director	$0	$0	$0
SHARON HOPKINS	TRUSTEE	0.00	Director	$0	$0	$0
MERYLE FREIBERG DUNLAP	TRUSTEE	0.00	Director	$0	$0	$0
KIMBERLY KIGHT	TRUSTEE	0.00	Director	$0	$0	$0
DR GURPREET KAUR SAINI MD	TRUSTEE	0.00	Director	$0	$0	$0
KATHLEEN SHAW	TRUSTEE	0.00	Director	$0	$0	$0
JANET SALAZAR	LIBRARY DIRECTOR	35.00	Officer	$132,014	$46,896	$178,910

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	$3,525,078	$3,433,693	$3,528,240	$91,385
2024	$3,313,033	$3,428,214	$3,463,829	$-115,181
2023	$3,584,891	$3,250,107	$3,556,015	$334,784
2022	$5,055,509	$4,639,571	$3,534,978	$415,938
2021	$3,768,061	$3,461,427	$3,022,501	$306,634
2020	$2,546,842	$2,503,369	$2,629,161	$43,473
2019	$2,395,976	$2,449,938	$2,420,449	$-53,962

QUEEN ANNE'S COUNTY FREE LIBRARY