MID-CONTINENT GEOLOGICAL LIBRARY INC (EIN 811609164) - 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

2016

Legal Domicile

Principal Officer

MICHAEL CERVANTES

Phone

4052353648

Tax Period

2023-01-01 to 2023-12-31

MID-CONTINENT GEOLOGICAL LIBRARY INC, founded in 2016, is a small nonprofit in the Education sector that reported $393K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $584K exceeded revenue, resulting in a 49% operating deficit.

Mission

COLLECTING, PRESERVING, ARCHIVING AND DISSEMINATING GEOLOGICAL DATA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,943

Program Service Revenue $330,525

Investment Income $26,688

Other Revenue $0

TOTAL REVENUE $393,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,468

Fundraising Expenses $0

Program Expenses $584,072

Other Expenses $268,604

TOTAL EXPENSES $584,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,156	$339,420	+0.2%
Expenses	$584,072	$633,144	-0.1%
Net Income	$-190,916	$-293,724	-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

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

$79,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE HONE	CHIEF EXECUTIVE OFFICER	40.0	Officer	$79,615	$0	$79,615
SUZANNE M ROGERS	PRESIDENT	1.0	Officer Director	$0	$0	$0
MIKE SMITH	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
STEVE HADAWAY	SECRETARY	1.0	Officer Director	$0	$0	$0
MICHAEL CERVANTES	LIASON FOR OCGS	1.0	Director	$0	$0	$0
NICHOLE JEFFCOAT	TREASURER	1.0	Officer Director	$0	$0	$0
LANCE RUFFEL	DIRECTOR	1.0	Director	$0	$0	$0
DAN BOYD	FUNDRAISING CHAIR	1.0	Director	$0	$0	$0
CHUCK ANDERSON	DIRECTOR	1.0	Director	$0	$0	$0
RICK MILLER	OUTREACH CHAIR	1.0	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
2024	No data	No data	No data	No data
2023	$393,156	$584,072	$1,158,240	$-190,916
2022	$339,420	$633,144	$1,156,108	$-293,724
2021	$293,509	$848,434	$1,595,859	$-554,925
2020	$115,222	$896,718	$2,051,883	$-781,496
2019	$26,478	$618,218	$2,787,869	$-591,740

MID-CONTINENT GEOLOGICAL LIBRARY INC