JACKSON-MADISON COUNTY LIBRARY FOU… - 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

1999

Legal Domicile

Principal Officer

LYNDA CLIMER

Phone

7316681162

Tax Period

2022-01-01 to 2022-12-31

JACKSON-MADISON COUNTY LIBRARY FOUNDATION, founded in 1999, is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $556K exceeded revenue, resulting in a 2353% operating deficit.

Mission

THE JACKSON MADISON COUNTY LIBRARY FOUNDATION WAS CREATED AS A TENNESSEE NON PROFIT CORPORATION FOR THE PURPOSES OF PROVIDING, ORGANIZING AND ADMINISTERING SUPPORT TO THE JACKSON MADISON COUNTY LIBARY.

Program Service Accomplishments

Program 1

Expenses: $554,899 Revenue: $474

JACKSON MADISON COUNTY LIBRARY FOUNDATION PROJECTS RAISE FUNDS AND ADMINISTERS SUPPORT TO THE JACKSON MADISON COUNTY LIBARY. THE FOUNDATION PURCHASES BOOKS, EQUIPMENT, AND FIXTURES NEEDED AT BOTH...

JACKSON MADISON COUNTY LIBRARY FOUNDATION PROJECTS RAISE FUNDS AND ADMINISTERS SUPPORT TO THE JACKSON MADISON COUNTY LIBARY. THE FOUNDATION PURCHASES BOOKS, EQUIPMENT, AND FIXTURES NEEDED AT BOTH LOCATIONS OF THE LIBARY. THE PROJECTS HELPS KEEP THE COMMUNITY AWARE OF THE LIBRARY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,500

Program Service Revenue $0

Investment Income $47

Other Revenue $19,130

TOTAL REVENUE $22,677

Expense Breakdown

Grants Paid $553,736

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $554,899

Other Expenses $2,423

TOTAL EXPENSES $556,159

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,677	$687,648	-1.0%
Expenses	$556,159	$106,850	+4.2%
Net Income	$-533,482	$580,798	-1.9%

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

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
BRENDA WHALLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTY YOUNG	BOARD MEMBER	0.50	Director	$0	$0	$0
JOAN GRAVES	BOARD MEMBER	0.50	Director	$0	$0	$0
JOAN TOMLIN	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISTI TURNBOW	BOARD MEMBER	0.50	Director	$0	$0	$0
LIZA FORBES	BOARD MEMBER	0.50	Director	$0	$0	$0
SHARON YOUNGER	BOARD MEMBER	0.50	Director	$0	$0	$0
SHEILA ARNOLD	BOARD MEMBER	2.00	Director	$0	$0	$0
STAN HARRIS	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSAN MARIE FRANCISCO	BOARD MEMBER	0.50	Director	$0	$0	$0
TRACEY BRUEGGEMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
VAL EXUM	BOARD MEMBER	0.50	Director	$0	$0	$0
TERESA LITTRELL MCSWEENY	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY JANE MCWHERTER	BOARD MEMBER	0.50	Director	$0	$0	$0
CATHY FARMER	VICE-CHAIR	0.50	Officer	$0	$0	$0
DENISE AGEE ALLEN	CHAIR	2.00	Officer	$0	$0	$0
LYNDA CLIMER	TREASURER	2.00	Officer	$0	$0	$0
ROBYN LENTS	SECRETARY	0.50	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
2022	$22,677	$556,159	$123,419	$-533,482
2021	$687,648	$106,850	$656,901	$580,798

JACKSON-MADISON COUNTY LIBRARY FOUNDATION