MARTINSBURG PUBLIC LIBRARY COMM A CORP CREATED BY ORD OF COUNC (EIN 550483256) - 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

1965

Legal Domicile

Principal Officer

GRETCHEN FRY

Phone

3042678934

Tax Period

2023-07-01 to 2024-06-30

MARTINSBURG PUBLIC LIBRARY COMM A CORP CREATED BY ORD OF COUNC, founded in 1965, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 13% surplus.

Mission

THE ORGANIZATION IS A PUBLIC LIBRARY WHICH SERVERS THE NEEDS OF THE COMMUNITY BY PROVIDING FREE EDUCATIONAL MATERAISL AND ENTERTAINMENT THROUGH BOOKS, MAGAZINES, ELECTRONIC DATA BASES AND INTERNET ACCESS.

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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 $2,183,247

Program Service Revenue $107,441

Investment Income $260,801

Other Revenue $0

TOTAL REVENUE $2,551,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,153,493

Fundraising Expenses $0

Program Expenses $2,068,828

Other Expenses $1,060,523

TOTAL EXPENSES $2,214,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,551,489	$2,364,904	+0.1%
Expenses	$2,214,016	$1,883,533	+0.2%
Net Income	$337,473	$481,371	-0.3%

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

$79,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETCHEN FRY	DIRECTOR	40.00	Director	$79,575	$0	$79,575
ROBERT MAHAFFEY	MEMBER	N/A		$0	$0	$0
LAKYN AUSHERMAN	PRESIDENT	0.00	Officer	$0	$0	$0
SARA DOUGLASS	VICE PRESIDE	N/A	Officer	$0	$0	$0
IAN GINGOLS	TREASURER	N/A	Officer	$0	$0	$0
ALISA MILLS	SECRETARY	N/A	Officer	$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	$2,551,489	$2,214,016	$7,604,249	$337,473
2023	$2,364,904	$1,883,533	$7,510,536	$481,371
2022	$1,804,827	$1,319,177	$7,245,253	$485,650
2021	$2,168,921	$1,390,435	$6,897,578	$778,486

MARTINSBURG PUBLIC LIBRARY COMM A CORP CREATED BY ORD OF COUNC