SOUTH KING TOOL LIBRARY (EIN 831562146) - 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

2019

Legal Domicile

Principal Officer

AMANDA MILLER

Phone

2532372290

Tax Period

2023-01-01 to 2023-12-31

SOUTH KING TOOL LIBRARY, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $353K in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 23% operating margin.

Mission

SOUTH KING TOOL LIBRARY (SKTL) ELIMINATES BARRIERS AND EMPOWERS PEOPLE TO CREATE, MAINTAIN, FIX, IMPROVE AND SHARE THROUGH ITS VARIOUS PROGRAMS.

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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 $307,561

Program Service Revenue $45,475

Investment Income $8

Other Revenue $0

TOTAL REVENUE $353,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,784

Fundraising Expenses $0

Program Expenses $209,174

Other Expenses $78,524

TOTAL EXPENSES $270,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,044	$150,923	+1.3%
Expenses	$270,308	$163,941	+0.6%
Net Income	$82,736	$-13,018	-7.4%

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

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
CRAIG WOODS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ADELIA BOYAR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARK STRONG	TREASURER	3.00	Officer Director	$0	$0	$0
SHANNON MOLINA	SECRETARY	3.00	Officer Director	$0	$0	$0
KAYLA DALY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHANNES	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS LILLY	DIRECTOR	1.00	Director	$0	$0	$0
ESTHER NIELSEN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE CANNON	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
2023	$353,044	$270,308	$93,104	$82,736

SOUTH KING TOOL LIBRARY