PERRY MEMORIAL LIBRARY INC (EIN 560731953) - 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

1976

Legal Domicile

Principal Officer

PATTI MCANALLY

Phone

2524383316

Tax Period

2020-07-01 to 2021-06-30

PERRY MEMORIAL LIBRARY INC, founded in 1976, is a small nonprofit that reported $934K in total revenue in fiscal year 2020. Revenue decreased 6% compared to the prior year. Expenses of $840K left a modest 10% surplus.

Mission

A PUBLIC LIBRARY PROVIDING LEARNING AND EDUCATIONAL ACTIVITIES TO THE VANCE COUNTY AREA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $930,877

Program Service Revenue $0

Investment Income $75

Other Revenue $2,846

TOTAL REVENUE $933,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $576,299

Fundraising Expenses $0

Program Expenses $551,336

Other Expenses $263,321

TOTAL EXPENSES $839,620

Year-over-Year Comparison

	2020	2019	Change
Revenue	$933,798	$988,181	-0.1%
Expenses	$839,620	$905,120	-0.1%
Net Income	$94,178	$83,061	+0.1%

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

$68,134

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA WALKER	CHAIR	0.00	Officer Director	$0	$0	$0
MARY T AUSTELL	VICE CHAIR	0.00	Officer Director	$0	$0	$0
BARBARA FOSTER	BOARD MEMBER	0.00	Director	$0	$0	$0
TRISH BEAN	BOARD MEMBER	0.00	Director	$0	$0	$0
DIANE B DAVIS	BOARD MEMBER	0.00	Director	$0	$0	$0
JEAN G LARK	BOARD MEMBER	0.00	Director	$0	$0	$0
BROOKS SPENCER	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN WATKINS	BOARD MEMBER	0.00	Director	$0	$0	$0
SANDY COWAN	BOARD MEMBER	0.00	Director	$0	$0	$0
EMILY ABBOTT	BOARD MEMBER	0.00	Director	$0	$0	$0
JERRY ELLINGTON	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRISTINE BENNERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
PATTI MCANALLY	EXECUTIVE DIRECTOR/SECRETA	40.00	Officer	$68,134	$0	$68,134

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
2021	$933,798	$839,620	$674,075	$94,178
2020	$988,181	$905,120	$503,349	$83,061
2019	$949,073	$971,477	$381,650	$-22,404
2018	$946,418	$919,521	$391,908	$26,897

PERRY MEMORIAL LIBRARY INC