DANVILLE LIBRARY INC (EIN 610492383) - 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

1920

Legal Domicile

Principal Officer

LONNIE HARP

Phone

8592366810

Tax Period

2024-07-01 to 2025-06-30

DANVILLE LIBRARY INC, founded in 1920, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $512K, a strong 18% operating margin.

Mission

THE BOYLE COUNTY PUBLIC LIBRARY ENGAGES THE COMMUNITY BY PROMOTING LIFE-LONG LITERACY AND LEARNING, BY CONNECTING PEOPLE TO INFORMATION AND TECHNOLOGIES, AND BY CONTRIBUTING TO LOCAL CULTURAL LIFE.

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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 $283,857

Program Service Revenue $2,234,687

Investment Income $369,300

Other Revenue $0

TOTAL REVENUE $2,887,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,712,544

Fundraising Expenses $0

Program Expenses $2,042,017

Other Expenses $662,868

TOTAL EXPENSES $2,375,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,887,844	$2,391,455	+0.2%
Expenses	$2,375,412	$2,415,656	0.0%
Net Income	$512,432	$-24,201	-22.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LONNIE HARP	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL BECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALETHEA BRUZEK	DIRECTOR	1.00	Director	$0	$0	$0
STACY COONTZ	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE THOMASON	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA WIERSMA	DIRECTOR	1.00	Director	$0	$0	$0
MIMI WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PRICE	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON MILES	DIRECTOR	1.00	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	$2,887,844	$2,375,412	$8,227,203	$512,432
2024	No data	No data	No data	No data
2023	$2,028,236	$1,980,902	$6,686,519	$47,334
2022	$1,263,979	$2,241,183	$6,580,525	$-977,204
2021	$2,293,995	$1,496,859	$7,557,729	$797,136
2020	$1,854,366	$1,702,323	$6,760,593	$152,043
2019	$1,645,246	$1,463,489	$6,608,549	$181,757

DANVILLE LIBRARY INC