THE MONTGOMERY-FLOYD REGIONAL LIBR… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

ELEANOR BOENS

Phone

5403826969

Tax Period

2023-01-01 to 2023-12-31

THE MONTGOMERY-FLOYD REGIONAL LIBRARY FOUNDATION INC, founded in 1995, is a micro nonprofit in the Education sector that reported $41K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO LESSEN THE BURDENS OF GOVERNMENT BY CONSTRUCTING, REPAIRING MAINTAINING, IMPROVING AND EXPANDING THE MONTGOMERY FLOYD REGIONAL LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $40,000 Revenue: $8,598

TO MAKE ANNUAL DONATIONS TO THE MONTGOMERY-FLOYD LIBRARY TO FUND THE PURCHASE OF EQUIPMENT, FURNITURE, AND DIGITAL PROGRAMS.

Program 2

Expenses: $0 Revenue: $0

TO PROVIDE FUNDS FOR LIBRARY FOOD AND BACKPACK PROGRAMS

Program 3

Expenses: $14,435 Revenue: $0

TO PROVIDE FUNDS TO PURCHASE CIRCULATING ITEMS FOR THE BLACKSBURG 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 $8,598

Program Service Revenue $0

Investment Income $32,570

Other Revenue $0

TOTAL REVENUE $41,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,435

Other Expenses $62,685

TOTAL EXPENSES $62,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,168	$163,782	-0.7%
Expenses	$62,685	$22,835	+1.7%
Net Income	$-21,517	$140,947	-1.2%

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

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
ELEANOR BOENS	PRESIDENT	1.00	Officer	$0	$0	$0
KAREN ARNOLD	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KATHLEEN MARTINEZ	TREASURER	1.00	Officer	$0	$0	$0
ANGELA VIKESLAND	SECRETARY	1.00	Officer	$0	$0	$0
PAULA ALSTON	BOARD MEMBER	1.00		$0	$0	$0
GUNIN KIRAN	BOARD MEMBER	1.00		$0	$0	$0
THOMAS PATTON	BOARD MEMBER	1.00		$0	$0	$0
DAVID MULLINS	BOARD MEMBER	1.00		$0	$0	$0
SUSAN MCCREA	BOARD MEMBER	1.00		$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	$41,168	$62,685	$1,159,011	$-21,517
2022	$163,782	$22,835	$1,115,688	$140,947

THE MONTGOMERY-FLOYD REGIONAL LIBRARY FOUNDATION INC