BB COMER MEMORIAL LIBRARY FOUNDATION INC (EIN 582004435) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

SHIRLEY SPEARS

Tax Period

2023-01-01 to 2023-12-31

BB COMER MEMORIAL LIBRARY FOUNDATION INC, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $109K in total revenue in fiscal year 2018. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 68% operating margin.

Mission

PUBLIC LIBRARY FUNDING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $124,982

Program Service Revenue $0

Investment Income $35,408

Other Revenue $0

TOTAL REVENUE $160,390

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,802

Other Expenses $31,152

TOTAL EXPENSES $46,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,390	$123,130	+0.3%
Expenses	$46,152	$61,235	-0.2%
Net Income	$114,238	$61,895	+0.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL FIELDS	BOARD MEMBER	4.00	Director	$0	$0	$0
MINDY GRIER	BOARD MEMBER	4.00	Director	$0	$0	$0
KELLEY WASSERMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
LAURA CAMPBELL	BOARD MEMBER	4.00	Director	$0	$0	$0
REVEREND FRANK YOUNG	BOARD MEMBER	4.00	Director	$0	$0	$0
RICHARD COMER	BOARD MEMBER	4.00	Director	$0	$0	$0
SHIRLEY SPEARS	BBCL DIRECTOR	4.00	Officer Director	$0	$0	$0
PRISCILA CLEVELAND	PRESIDENT	4.00	Officer Director	$0	$0	$0
VICKI MILLER	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
LEWIS ROBINSON	BOARD MEMBER	2.00	Officer	$0	$0	$0
TRACEY THOMAS	BBCL DIRECTOR	4.00	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	No data	No data	No data	No data
2023	$160,390	$46,152	$1,406,852	$114,238
2022	$123,130	$61,235	$1,292,614	$61,895
2021	$139,577	$40,078	$1,230,719	$99,499
2020	$137,802	$31,927	$1,131,220	$105,875
2019	$123,031	$79,509	$1,025,345	$43,522
2018	$108,737	$34,288	$985,439	$74,449

BB COMER MEMORIAL LIBRARY FOUNDATION INC