THE CHATTANOOGA PUBLIC LIBRARY FOUNDATION

EIN: 626050405 501(c)(3) Education

CHATTANOOGA, TN

Total Revenue
$249,815
Total Expenses
$230,000
Total Assets
$160,347
Net Assets
$116,530
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
TN
Principal Officer
Meg Crimmins Beene
Phone
4237575425
Tax Period
2022-01-01 to 2022-12-31

THE CHATTANOOGA PUBLIC LIBRARY FOUNDATION, founded in 1965, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2022. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $230K left a modest 8% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE: A) TO CREATE PUBLIC INTEREST IN THE CHATTANOOGA PUBLIC LIBRARY, INCLUSIVE OF ALL ITS BRANCHES, AND HEREIN ALSO REFERRED TO AS THE LIBRARY, AND TO REPRESENT IT TO THE COMMUNITY. B) TO PROMOTE GROWTH, DEVELOPMENT, AND GREATEST POSSIBLE USE OF THE CHATTANOOGA PUBLIC LIBRARY. C) TO SERVE AS AN ADVISORY AUXILLIARY TO THE BOARD OF DIRECTORS AND THE DIRECTOR OF THE LIBRARY, AND TO SUPPORT AND COOPERATE WITH THE LIBRARY IN DEVELOPING LIBRARY SERVICES AND FACILITIES FOR THE COMMUNITY. D) TO ENRICH THE LIBRARY'S RESOURCES THROUGH FUNDS DERIVED FROM MEMBERSHIPS AND SPECIAL PROJECTS, TO ENCOURAGE GIFTS OF BOOKS AND OTHER PUBLICATIONS WHICH WILL BE COMPATIBLE WITH THE OBJECTIVE OF THE LIBRARY, AND TO ENCOURAGE ENDOWMENTS AND BEQUESTS. E) TO DEVELOP SUPPORT AMONG LEGISLATORS AND OTHER ELECTED OFFICIALS. F) TO AFFILIATE WITH THE FRIENDS OF TENNESSEE LIBRARIES, INC. AND ATTEND THEIR MEETINGS AND WORKSHOPS. G) TO SUPPORT THE FREEDOM TO READ.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $188,806
Program Service Revenue $0
Investment Income $3
Other Revenue $61,006
TOTAL REVENUE $249,815

Expense Breakdown

Grants Paid $139,836
Salaries & Benefits $42,694
Fundraising Expenses $11,568
Program Expenses $139,836
Other Expenses $47,470
TOTAL EXPENSES $230,000

Year-over-Year Comparison

2022 2021 Change
Revenue $249,815 $116,234 +1.1%
Expenses $230,000 $103,284 +1.2%
Net Income $19,815 $12,950 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
2
Volunteers
12

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meg Beene Chair 4.00
Officer Director
$0 $0 $0
Alex Hooper Vice Chair 4.00
Officer Director
$0 $0 $0
John Dunham Treasurer 4.00
Officer Director
$0 $0 $0
Niki Phillips Cooke Secretary 4.00
Officer Director
$0 $0 $0
Tiffany Coleman Director 1.00
Director
$0 $0 $0
Elizabeth Kramer Director 1.00
Director
$0 $0 $0
Sharon Leath Director 1.00
Director
$0 $0 $0
Maggie Sanders Director 1.00
Director
$0 $0 $0
Nicole Watson Director 1.00
Director
$0 $0 $0
Tanner Harris Director 1.00
Director
$0 $0 $0
Sharon Law Director 1.00
Director
$0 $0 $0
Erika Roberts Director 1.00
Director
$0 $0 $0
Caroline Walker Director 1.00
Director
$0 $0 $0
Alexis Willis 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
2022 $249,815 $230,000 $160,347 $19,815
Explore More Nonprofits
Top 100 Nonprofits in Tennessee Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE CHATTANOOGA PUBLIC LIBRARY FOUNDATION with other nonprofits in Tennessee and across the country.