The Tool Library Inc (EIN 823550585) - 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

2018

Legal Domicile

Principal Officer

Darren Cotton

Phone

7165101745

Tax Period

2024-01-01 to 2024-12-31

The Tool Library Inc, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $762K in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $446K, a strong 59% operating margin.

Mission

To provide communities with the tools they need to create the change they want

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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 $712,451

Program Service Revenue $27,582

Investment Income $6,179

Other Revenue $16,168

TOTAL REVENUE $762,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,010

Fundraising Expenses $28,043

Program Expenses $258,699

Other Expenses $157,286

TOTAL EXPENSES $316,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$762,380	$240,805	+2.2%
Expenses	$316,311	$144,713	+1.2%
Net Income	$446,069	$96,092	+3.6%

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

373

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

$55,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darren Cotton	Executive Director	40.00	Director	$55,385	$0	$55,385
Eric Borenstein	Director	1.00	Director	$0	$0	$0
Rob Townsley	Director	5.00	Director	$0	$0	$0
Dylan Burns	Director	1.00	Director	$0	$0	$0
Barbara Bono	Director	1.00	Director	$0	$0	$0
Melanie Rushforth	President	5.00	Officer Director	$0	$0	$0
Kellyn Torres	Vice President	5.00	Officer Director	$0	$0	$0
Drew Canfield	Director	1.00	Director	$0	$0	$0
Antionette McClain	Director	1.00	Director	$0	$0	$0
Laura Alexander	Director	1.00	Director	$0	$0	$0
Michael McManus	Director	1.00	Director	$0	$0	$0
Shannon Johnson	Treasurer	5.00	Officer Director	$0	$0	$0
Lauren Turner	Director	1.00	Director	$0	$0	$0
Adam Blair	Director	1.00	Director	$0	$0	$0
Braden Pritchard	Director	1.00	Director	$0	$0	$0
Jon Mrowczynski	Director	1.00	Director	$0	$0	$0
Cole Lowman	Director	1.00	Director	$0	$0	$0
Paige Mason	Director	1.00	Director	$0	$0	$0
Becca McGowan	Director	1.00	Director	$0	$0	$0
Tho Dinh	Director	1.00	Director	$0	$0	$0
Zack Glick	Director	1.00	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
2024	$762,380	$316,311	$950,258	$446,069
2023	$240,805	$144,713	$406,731	$96,092

The Tool Library Inc