TIMROD LITERARY AND LIBRARY ASSOCI… - 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

1908

Legal Domicile

Principal Officer

Mary Comer

Phone

8438714600

Tax Period

2024-05-01 to 2025-04-30

TIMROD LITERARY AND LIBRARY ASSOCIATION, founded in 1908, is a small nonprofit that reported $129K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 31% operating margin.

Mission

Community literacy

Program Service Accomplishments

Program 1

Expenses: $47,427 Revenue: $100,018

Circulated 4,211 books. Purchased new publications. 5,355 persons visited the library. General upkeep and conservation of the historic building and collection of books, artifacts, archives. Income...

Circulated 4,211 books. Purchased new publications. 5,355 persons visited the library. General upkeep and conservation of the historic building and collection of books, artifacts, archives. Income directed for this purpose includes Donations and Memberships. Expenses include book purchases, routine building maintenance, utilities, and wages.

Program 2

Expenses: $20,986 Revenue: $16,925

Preservation and maintenance expenses related to the ongoing preservation of the historic building; continued addressing issues identified by licensed preservationist as areas of immediate and...

Preservation and maintenance expenses related to the ongoing preservation of the historic building; continued addressing issues identified by licensed preservationist as areas of immediate and long-term priority required in order to keep the property intact and protected.

Program 3

Expenses: $12,502 Revenue: $8,428

Continued partnership with Dolly Parton Imagination Library (DPIL). Sign-ups are available for any child age 5 or younger living within the 29483 zipcode. Each registered child receives a free age...

Continued partnership with Dolly Parton Imagination Library (DPIL). Sign-ups are available for any child age 5 or younger living within the 29483 zipcode. Each registered child receives a free age appropriate high quality hardback book every month through age 5. Monthly costs are for postage only per child. DPIL bills Timrod according to number of children registered & receiving books.

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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 (2024)

Revenue Breakdown

Contributions & Grants $98,375

Program Service Revenue $0

Investment Income $1,123

Other Revenue $29,673

TOTAL REVENUE $129,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,341

Fundraising Expenses $0

Program Expenses $83,170

Other Expenses $61,531

TOTAL EXPENSES $88,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,171	$63,957	+1.0%
Expenses	$88,872	$76,327	+0.2%
Net Income	$40,299	$-12,370	-4.3%

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

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

$28,635

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pamela Pratt	Library Director	21	Key Emp Highest	$13,400	$0	$13,400
Judith Thompson	library staff	10	Key Emp	$5,355	$0	$5,355
Kari Roueche	library staff	10	Key Emp	$5,220	$0	$5,220
Karen Snipes	contract employee	2	Key Emp	$2,750	$0	$2,750
Benjamin Doss	contract employee	2	Key Emp	$1,910	$0	$1,910
Leslie Koller	President	10	Officer Director	$0	$0	$0
Katie DePoppe	Vice President	6	Officer Director	$0	$0	$0
Mary Comer	Treasurer	6	Officer Director	$0	$0	$0
Beverly Cuthbert	Secretary	4	Officer Director	$0	$0	$0
Terri Barnes	Executive Board Member	6	Officer Director	$0	$0	$0
Mary Beauchene	board member	2	Director	$0	$0	$0
Lucia Miler Campbell	Board member	2	Director	$0	$0	$0
Kimberly Caughell	board member	2	Director	$0	$0	$0
Susan Gardner	Board member	2	Director	$0	$0	$0
Holly Hussey	board member	2	Director	$0	$0	$0
Helen Jenkins	board member	2	Director	$0	$0	$0
Marcia Jonczak	board member	4	Director	$0	$0	$0
Annette Plexico	board member	2	Director	$0	$0	$0
Shari Stauch	board member	2	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	$129,171	$88,872	$544,136	$40,299

TIMROD LITERARY AND LIBRARY ASSOCIATION