MASON COUNTY LIBRARY BOARD (EIN 550564130) - 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

2016

Legal Domicile

Principal Officer

Diane Cromley

Phone

3046750894

Tax Period

2023-07-01 to 2024-06-30

MASON COUNTY LIBRARY BOARD, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $449K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 18% operating margin.

Mission

The mission of the library is to provide diverse and popular materials and personalized services to our public, and to foster children's appreciation for reading and learning.

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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 $434,541

Program Service Revenue $8,044

Investment Income $6,071

Other Revenue $0

TOTAL REVENUE $448,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,353

Fundraising Expenses $0

Program Expenses $218,656

Other Expenses $180,623

TOTAL EXPENSES $367,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$448,656	$330,072	+0.4%
Expenses	$367,976	$350,039	+0.1%
Net Income	$80,680	$-19,967	-5.0%

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

$37,128

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pam Thompson	Director	40	Director	$37,128	$0	$37,128
Darlena Long	Vice President, Mason County Library Board	0	Director	$0	$0	$0
Mindy Kearns	Member, Mason County Library Board	0	Director	$0	$0	$0
Beverly Durst	Member, Mason County Library Board	0	Director	$0	$0	$0
Pamela Thompson	Director	0	Director	$0	$0	$0
Phyllis Arthur	Secretary/Treasurer, Mason County Library Board	0	Director	$0	$0	$0
Diana Cromley	President, Mason County Library Board	0	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	$448,656	$367,976	$622,302	$80,680
2023	$330,072	$350,039	$583,258	$-19,967
2022	$383,000	$258,936	$690,339	$124,064
2021	$271,866	$283,093	$534,096	$-11,227

MASON COUNTY LIBRARY BOARD