LITCHFIELD PARK LIBRARY ASSOCIATION INC

EIN: 860344647 501(c)(3)

LITCHFIELD PARK, AZ

Total Revenue
$14,431
Total Expenses
$137,765
Total Assets
$587,067
Net Assets
$587,067
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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
1969
Legal Domicile
AZ
Phone
6239355053
Tax Period
2020-01-01 to 2020-12-31

LITCHFIELD PARK LIBRARY ASSOCIATION INC, founded in 1969, is a micro nonprofit that reported $14K in total revenue in fiscal year 2020. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $138K exceeded revenue, resulting in a 855% operating deficit.

Mission

TO OWN AND MAINTAIN THE FLORENCE BRINTON LITCHFIELD LIBRARY BUILDING AND EQUIPMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,590
Program Service Revenue $0
Investment Income $11,841
Other Revenue $0
TOTAL REVENUE $14,431

Expense Breakdown

Grants Paid $0
Salaries & Benefits $74,072
Fundraising Expenses $0
Program Expenses $103,327
Other Expenses $63,693
TOTAL EXPENSES $137,765

Year-over-Year Comparison

2020 2019 Change
Revenue $14,431 $57,163 -0.7%
Expenses $137,765 $163,127 -0.2%
Net Income $-123,334 $-105,964 +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

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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
10

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM SPROULL Director 0.00
Director
$0 $0 $0
RICHARD HUGHES President 5.00
Officer
$0 $0 $0
JASON SLADE Vice President 0.00
Officer
$0 $0 $0
NONA LADRA Secretary 0.00
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
2020 $14,431 $137,765 $587,067 $-123,334
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