FAIRFIELD BAY LIBRARY INC (EIN 710592888) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

Karen Tangen

Phone

5018844930

Tax Period

2024-01-01 to 2024-12-31

FAIRFIELD BAY LIBRARY INC, founded in 1972, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $73K in total revenue in fiscal year 2020. Revenue decreased 11% compared to the prior year. Net assets of $801K represent 133 months of operating reserves.

Mission

To provide library services to the community

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $43,464

Program Service Revenue $3,792

Investment Income $54,099

Other Revenue $20,501

TOTAL REVENUE $121,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,682

Fundraising Expenses $0

Program Expenses $55,172

Other Expenses $34,661

TOTAL EXPENSES $79,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,856	$106,652	+0.1%
Expenses	$79,343	$99,604	-0.2%
Net Income	$42,513	$7,048	+5.0%

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
Karen Tangen	Director	40	Highest	$41,507	$0	$41,507
Don Rehm	Board Member	5	Director	$0	$0	$0
Bill Lair	Board Member	5	Director	$0	$0	$0
John Mcintosh	Board Member	5	Director	$0	$0	$0
Nancy Mueller	President	5	Officer	$0	$0	$0
Doris Wilkinson	Vice President	5	Officer	$0	$0	$0
Georgia Peifer	Secretary	5	Officer	$0	$0	$0
Vonda Welke	Treasurer	5	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
2024	$121,856	$79,343	$838,676	$42,513
2023	$106,652	$99,604	$796,093	$7,048
2022	$71,708	$89,234	$788,946	$-17,526
2021	$88,271	$83,580	$806,464	$4,691
2020	$72,506	$74,404	$801,748	$-1,898

FAIRFIELD BAY LIBRARY INC