MART LIBRARY ASSOCIATION (EIN 742151630) - 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

1965

Legal Domicile

Phone

2548762465

Tax Period

2024-07-01 to 2025-06-30

MART LIBRARY ASSOCIATION, founded in 1965, is a micro nonprofit that reported $85K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 28% operating margin.

Mission

PROVIDE LITERARY MATERIALS FOR PUBLIC EDUCATION AND RESEARCH

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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 $28,309

Program Service Revenue $0

Investment Income $56,596

Other Revenue $0

TOTAL REVENUE $84,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,351

Fundraising Expenses $0

Program Expenses $60,864

Other Expenses $35,513

TOTAL EXPENSES $60,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,905	$143,145	-0.4%
Expenses	$60,864	$71,277	-0.1%
Net Income	$24,041	$71,868	-0.7%

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

N/A

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
VERNA LASTRAPES	CHAIRMAN	1.00	Officer	$0	$0	$0
ANDREA COSTLEY	MEMBER	1.00		$0	$0	$0
NORMA THRONBURG	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
CAROLYN HERRING	MEMBER	1.00		$0	$0	$0
ODELL NEVILLS	MEMBER	1.00		$0	$0	$0
SUSIE WITT	MEMBER	1.00		$0	$0	$0
VICKIE GIBBS	MEMBER	1.00		$0	$0	$0
BRIDGET WILLIAMS	MEMBER	1.00		$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	$84,905	$60,864	$684,092	$24,041
2024	$143,145	$71,277	$660,288	$71,868
2023	$84,531	$58,860	$588,458	$25,671
2022	$45,944	$158,403	$562,515	$-112,459
2021	$189,029	$64,375	$675,048	$124,654
2020	$8,646	$60,714	$550,328	$-52,068
2019	$82,668	$78,364	$601,983	$4,304

MART LIBRARY ASSOCIATION