SUMMIT COUNTY LIBRARY FOUNDATION (EIN 841149701) - 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

1990

Legal Domicile

Principal Officer

JOYCE DIERAUER

Phone

9706684138

Tax Period

2022-07-01 to 2023-06-30

SUMMIT COUNTY LIBRARY FOUNDATION, founded in 1990, is a small nonprofit in the Education sector that reported $173K in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $161K, a strong 93% operating margin.

Mission

TO SERVE AS AN ADVOCATE FOR THE SUMMIT COUNTY LIBRARY SYSTEM AND TO PROVIDE FINANCIAL SUPPORT BEYOND THE LIBRARY'S NORMAL OPERATING EXPENDITURES, WHEN UNANTICIPATED NEEDS ARISE, AND FOR CAPITAL PROJECTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $164,451

Program Service Revenue $0

Investment Income $8,233

Other Revenue $0

TOTAL REVENUE $172,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,793

Other Expenses $11,758

TOTAL EXPENSES $11,758

Year-over-Year Comparison

	2022	2021	Change
Revenue	$172,684	$371,041	-0.5%
Expenses	$11,758	$22,485	-0.5%
Net Income	$160,926	$348,556	-0.5%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA CHRISTIANSEN	CHAIR	1.15	Officer Director	$0	$0	$0
PAT TAYLOR	VICE CHAIR	1.35	Officer Director	$0	$0	$0
JOYCE DIERAUER	TREASURER	0.96	Officer Director	$0	$0	$0
BARB PARRY	SECRETARY	5.77	Officer Director	$0	$0	$0
CHRIS HALL	BOARD MEMBER	1.15	Director	$0	$0	$0
TRACY LARSON	BOARD MEMBER	0.38	Director	$0	$0	$0
DOUG ROBINSON	BOARD MEMBER	0.96	Director	$0	$0	$0
CORY ANDERSON	BOARD MEMBER	0.38	Director	$0	$0	$0
MELISSA BOHNET	BOARD MEMBER	0.58	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	$172,684	$11,758	$782,250	$160,926
2022	$371,041	$22,485	$621,324	$348,556

SUMMIT COUNTY LIBRARY FOUNDATION