Cornelius Library Foundation (EIN 821891649) - 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

2017

Legal Domicile

Phone

5039925381

Tax Period

2020-01-01 to 2020-12-31

Cornelius Library Foundation, founded in 2017, is a micro nonprofit in the Education sector that reported $53K in total revenue in fiscal year 2020. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 57% operating deficit.

Mission

Raising funds for a capital campaign to build a new library that will increase the size and material available to the Cornelius community of approximately 15,000 people.

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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 (2020)

Revenue Breakdown

Contributions & Grants $53,160

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,160

Expense Breakdown

Grants Paid $68,933

Salaries & Benefits $0

Fundraising Expenses $591

Program Expenses $76,504

Other Expenses $14,580

TOTAL EXPENSES $83,513

Year-over-Year Comparison

	2020	2019	Change
Revenue	$53,160	$239,079	-0.8%
Expenses	$83,513	$183,576	-0.5%
Net Income	$-30,353	$55,503	-1.5%

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

N/A

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
Claire Lematta	President	4.00	Officer Director	$0	$0	$0
Lynn Baker	Treasurer	4.00	Officer Director	$0	$0	$0
Janel Dalin	Secretary	4.00	Officer Director	$0	$0	$0
Jose Orozco	Director	4.00	Director	$0	$0	$0
Shelly Edling Bullard	Director	4.00	Director	$0	$0	$0
Peggy Harris	Director	4.00	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
2020	$53,160	$83,513	$34,824	$-30,353

Cornelius Library Foundation