MAGNESS PUBLIC LIBRARY FOUNDATION (EIN 830799753) - 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

Tax Period

2025-01-01 to 2025-12-31

MAGNESS PUBLIC LIBRARY FOUNDATION, founded in 2018, is a micro nonprofit in the Education sector that reported $57K in total revenue in fiscal year 2025. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $131K exceeded revenue, resulting in a 129% operating deficit.

Mission

TO SUPPORT AND ENHANCE THE LIBRARY RESOURCES OF W.H. AND EDGAR J. MAGNESS COMMUNITY HOUSE AND LIBRARY, PROMOTE PUBLIC USE OF THE LIBRARY, PRESERVE AND MAINTAIN THE HISTORIC FACILITY WITHIN WHICH THE LIBRARY OPERATES, AND SUPPORT THE LIBRARY'S MISSION AS A VITAL EDUCATION RESOURCE FOR READING, KNOWLEDGE ACQUISITION, CULTURAL ENRICHMENT, AND COMMUNITY EVENTS IN WARREN COUNTY SPECIFICALLY AND MIDDLE TENNESSEE GENERALLY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,550

Program Service Revenue $0

Investment Income $40,924

Other Revenue $4,855

TOTAL REVENUE $57,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,894

Other Expenses $131,399

TOTAL EXPENSES $131,399

Year-over-Year Comparison

	2025	2024	Change
Revenue	$57,329	$30,675	+0.9%
Expenses	$131,399	$123,031	+0.1%
Net Income	$-74,070	$-92,356	-0.2%

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	Role	Reportable Comp	Other Comp	Total
DAVID MARTALLA	Trustee	Director	$0	$0	$0
ELIZABETH MYERS	Trustee	Director	$0	$0	$0
RACHEL KILLEBREW	Trustee	Director	$0	$0	$0
JEAN MARSH	Trustee	Director	$0	$0	$0
SUCHITRA MUKHERJI	Trustee	Director	$0	$0	$0
ERNEST SMALLMAN III	President	Officer	$0	$0	$0
TREVOR GALLIGAN	Vice President	Officer	$0	$0	$0
JUSTIN TANNER	Secretary	Officer	$0	$0	$0
NP MCWHIRTER	Treasurer	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
2025	$57,329	$131,399	$3,259,647	$-74,070
2024	$30,675	$123,031	$3,277,487	$-92,356
2023	$43,616	$111,155	$3,366,227	$-67,539
2022	$77,620	$103,726	$3,414,931	$-26,106
2021	$74,713	$88,072	$3,509,850	$-13,359
2020	$7,142	$159,635	$3,496,581	$-152,493
2019	$51,120	$103,852	$3,627,194	$-52,732
2018	$3,622,652	$6,505	$3,591,839	$3,616,147

MAGNESS PUBLIC LIBRARY FOUNDATION