MARION PUBLIC LIBRARY FOUNDATION

EIN: 844033363 501(c)(3) Philanthropy & Grantmaking

MARION, IA

Total Revenue
$285,611
Total Expenses
$412,223
Total Assets
$1,380,572
Net Assets
$1,380,572
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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
IA
Tax Period
2023-07-01 to 2024-06-30

MARION PUBLIC LIBRARY FOUNDATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $286K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $412K exceeded revenue, resulting in a 44% operating deficit.

Mission

THE PURPOSE OF THE MARION PUBLIC LIBRARY FOUNDATION IS TO RAISE PRIVATE FUNDS TO SUPPORT THE MISSION OF THE MARION PUBLIC LIBRARY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $245,280
Program Service Revenue $0
Investment Income $40,331
Other Revenue $0
TOTAL REVENUE $285,611

Expense Breakdown

Grants Paid $406,323
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $406,323
Other Expenses $5,900
TOTAL EXPENSES $412,223

Year-over-Year Comparison

2023 2022 Change
Revenue $285,611 $484,764 -0.4%
Expenses $412,223 $314,431 +0.3%
Net Income $-126,612 $170,333 -1.7%
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

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Governance

Voting Members
16
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEAH RODENBERG PRESIDENT 1.00
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 No data No data No data No data
2024 $285,611 $412,223 $1,380,572 $-126,612
2023 $484,764 $314,431 $1,434,273 $170,333
2022 $441,446 $1,351,189 $1,229,744 $-909,743
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