SIMPSON COUNTY LIBRARY DISTRICT (EIN 610562452) - 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

1947

Legal Domicile

Principal Officer

SAM STARKS TREASURER

Phone

2705868397

Tax Period

2023-07-01 to 2024-06-30

SIMPSON COUNTY LIBRARY DISTRICT, founded in 1947, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $293K, a strong 22% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE A FREE PUBLIC LIBRARY TO THE CITIZENS OF FRANKLIN AND SIMPSON COUNTY, KY.

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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 $1,271,478

Program Service Revenue $11,118

Investment Income $62,891

Other Revenue $7,140

TOTAL REVENUE $1,352,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,967

Fundraising Expenses $0

Program Expenses $961,866

Other Expenses $669,653

TOTAL EXPENSES $1,059,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,352,627	$1,217,486	+0.1%
Expenses	$1,059,620	$1,091,308	0.0%
Net Income	$293,007	$126,178	+1.3%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH WAKEFIELD	CHAIRMAN	1.0	Officer Director	$0	$0	$0
ASHLEY SHARER	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
MARY LOU MATTHEWS	SECRETARY	1.0	Officer Director	$0	$0	$0
SAM STARKS	TREASURER	1.0	Officer Director	$0	$0	$0
MARK DOBBS	BOARD MEMBER	1.0	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	$1,352,627	$1,059,620	$8,584,958	$293,007
2023	$1,217,486	$1,091,308	$8,463,866	$126,178
2022	$1,123,565	$1,078,161	$8,398,450	$45,404
2021	$1,064,264	$1,082,465	$8,465,490	$-18,201
2020	$773,580	$932,200	$8,791,421	$-158,620
2019	$1,146,875	$1,018,195	$9,116,171	$128,680

SIMPSON COUNTY LIBRARY DISTRICT