Libraries of Montrose County Foundation (EIN 870752578) - 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

2005

Legal Domicile

Principal Officer

Paul Paladino

Phone

9709642550

Tax Period

2023-01-01 to 2023-12-31

Libraries of Montrose County Foundation, founded in 2005, is a micro nonprofit in the Education sector that reported $58K in total revenue in fiscal year 2023. The organization ran a surplus of $13K, a strong 23% operating margin.

Mission

The Libraries of Montrose County Foundation encourages community investments through gifts and initiatives to ensure the people of Montrose County the full measure of resources, services and access to befitting great libraries.

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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 $36,320

Program Service Revenue $0

Investment Income $21,750

Other Revenue $0

TOTAL REVENUE $58,070

Expense Breakdown

Grants Paid $28,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,901

Other Expenses $16,124

TOTAL EXPENSES $44,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,070	$58,441	0.0%
Expenses	$44,874	$52,091	-0.1%
Net Income	$13,196	$6,350	+1.1%

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
Doug Kiesewetter	President	0.50	Officer Director	$0	$0	$0
Dave Roberts	Director	0.50	Director	$0	$0	$0
Mary Jane Masters	Director	0.50	Director	$0	$0	$0
Diane Winger	Director	0.50	Director	$0	$0	$0
Babs Schmerler	Director	0.50	Director	$0	$0	$0
Paul Paladino	Director	0.50	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
2024	No data	No data	No data	No data
2023	$58,070	$44,874	$686,462	$13,196
2022	$58,441	$52,091	$628,333	$6,350
2021	$118,265	$31,947	$737,125	$86,318
2020	$110,960	$36,050	$650,807	$74,910

Libraries of Montrose County Foundation