WH & EDGAR MAGNESS COMMUNITY HOUSE AND LIBRARY (EIN 621438696) - 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

1925

Legal Domicile

Principal Officer

Benjamin Myers

Phone

9314732428

Tax Period

2024-01-01 to 2024-12-31

WH & EDGAR MAGNESS COMMUNITY HOUSE AND LIBRARY, founded in 1925, is a small nonprofit that reported $298K in total revenue in fiscal year 2024.

Mission

operation of a library for the general public

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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 $242,434

Program Service Revenue $0

Investment Income $15,267

Other Revenue $39,929

TOTAL REVENUE $297,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,438

Fundraising Expenses $0

Program Expenses $249,255

Other Expenses $127,961

TOTAL EXPENSES $314,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,630	$284,701	+0.0%
Expenses	$314,399	$311,973	+0.0%
Net Income	$-16,769	$-27,272	-0.4%

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

N/A

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
BRAD WALKER	MANAGER	40.00		$43,282	$0	$43,282
Paige Chastain	Trustee	0.00	Director	$0	$0	$0
David Marttala	Treasurer	2.00	Officer Director	$0	$0	$0
Wayne Wolford	Trustee	0.00	Director	$0	$0	$0
Benjamin Myers	Chairman	2.00	Officer Director	$0	$0	$0
Richard Manning	Trustee	0.00	Director	$0	$0	$0
Meredith Galligan	Trustee	0.00	Director	$0	$0	$0
Bonnie Collier	Trustee	0.00	Director	$0	$0	$0
Justin Tanner	Vice Chair	2.00	Officer Director	$0	$0	$0
Margaret Sutton	Secretary	2.00	Officer 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
2024	$297,630	$314,399	$382,648	$-16,769
2023	$292,063	$311,973	$388,542	$-19,910
2022	$373,749	$298,177	$377,995	$75,572
2021	$185,273	$242,144	$367,868	$-56,871
2020	$251,047	$239,972	$414,322	$11,075
2019	$350,994	$313,873	$367,237	$37,121
2018	$317,968	$2,247,912	$302,694	$-1,929,944

WH & EDGAR MAGNESS COMMUNITY HOUSE AND LIBRARY