MAYFIELD LIBRARY & MUSEUM

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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

1991

Legal Domicile

Principal Officer

RAYMOND LILES

Phone

2546572884

Tax Period

2019-01-01 to 2019-12-31

MAYFIELD LIBRARY & MUSEUM, founded in 1991, is a micro nonprofit that reported $19K in total revenue in fiscal year 2019. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 31% operating deficit.

Mission

PUBLIC LIBRARY - PROVIDING BOOKS FOR RESEARCH AND READING AND TO SUPPORT LOCAL EDUCATIONAL ESTABLISHMENTS TO BENEFIT THE COMMUNITY.

Program Service Accomplishments

Program 1

Revenue: $2,239

CHARITABLE DISTRIBUTIONS FROM BINGO SESSIONS MADE TO LIBRARY ORGANIZATION TO BE USED AS DEEMED NECESSARY TO CONTINUE ITS EXEMPT PURPOSES.

Program 2

PROVIDING BOOKS AND RESEARCH TOOLS IN AN EDUCATIONAL ESTABLISHMENT FOR LOCAL COMMUNITY AND MAINTAIN MUSEUM TO BENEFIT COMMUNITY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $17,591

Program Service Revenue $0

Investment Income $0

Other Revenue $1,785

TOTAL REVENUE $19,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,063

Fundraising Expenses $0

Other Expenses $20,358

TOTAL EXPENSES $25,421

Year-over-Year Comparison

	2019	2018	Change
Revenue	$19,376	$26,852	-0.3%
Expenses	$25,421	$36,495	-0.3%
Net Income	$-6,045	$-9,643	-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

Employees

N/A

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
NIKI VAUGHAN	BOARD MEMBER	6.00	Director	$0	$0	$0
CINDY GUNN	TREASURER	6.00	Director	$0	$0	$0
BLAKE MAYFIELD	BOARD MEMBER	6.00	Director	$0	$0	$0
RAYMOND LILES	PRESIDENT	6.00	Officer	$0	$0	$0
MIRIAM OLIVER	VICE PRESIDENT	6.00	Officer	$0	$0	$0
LORI KINARD	SECRETARY	6.00	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
2019	$19,376	$25,421	$46,316	$-6,045
2018	$26,852	$36,495	$56,794	$-9,643