FRIENDS OF THE STAUNTON LIBRARY INC (EIN 541650691) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

DEIRDRE KELLNER

Phone

5405565192

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE STAUNTON LIBRARY INC, founded in 1958, is a small nonprofit that reported $500K in total revenue in fiscal year 2023. The organization ran a surplus of $473K, a strong 95% operating margin.

Mission

THE MISSION OF FRIENDS OF THE STAUNTON LIBRARY IS TO HELP SERVE THE COMMUNITY AS A WHOLE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $485,398

Program Service Revenue $6,096

Investment Income $8,364

Other Revenue $0

TOTAL REVENUE $499,858

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $3,575

Program Expenses $21,180

Other Expenses $19,800

TOTAL EXPENSES $26,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$499,858	N/A	N/A
Expenses	$26,434	N/A	N/A
Net Income	$473,424	N/A	N/A

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

N/A

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
JOY INGRAM	PRESIDENT	002.00	Officer Director	$0	$0	$0
HOWARD KATOR	PRESIDENT-ELECT	002.00	Officer Director	$0	$0	$0
KAREN LANDERS	SECRETARY	002.00	Officer Director	$0	$0	$0
DEIRDRE KELLNER	TREASURER	002.00	Officer Director	$0	$0	$0
FRANCI FERGUSON	BOARD MEMBER	002.00	Director	$0	$0	$0
GAIL HANGER	BOARD MEMBER	002.00	Director	$0	$0	$0
SUSAN ARNOLD	BOARD MEMBER	002.00	Director	$0	$0	$0
JOANN TIGERT	BOARD MEMBER	002.00	Director	$0	$0	$0
LINDA CHAPMAN	BOARD MEMBER	002.00	Director	$0	$0	$0
BONNIE GOFF	BOARD MEMBER	002.00	Director	$0	$0	$0
JERRY BRYANT	BOARD MEMBER	002.00	Director	$0	$0	$0
TAMMY BAKER	BOARD MEMBER	002.00	Director	$0	$0	$0
KENNON BOWEN	PAST PRESIDENT	002.00	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
2024	No data	No data	No data	No data
2023	$499,858	$26,434	$557,047	$473,424

FRIENDS OF THE STAUNTON LIBRARY INC