MARION PUBLIC LIBRARY FOUNDATION

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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

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

Program Service Accomplishments

Program 1

Expenses: $377,763

DONATIONS TO CITY OF MARION IOWA LIBRARY BUILDING

Program 2

Expenses: $28,560

DONATIONS TO CITY OF MARION IOWA LIBRARY SERVICES AND PROGRAMS

Program 3

DONATIONS FOR INDIVDUAL MEMORIAL EXPENSES

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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 $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

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	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