SALEM PUBLIC LIBRARY FOUNDATION (EIN 930799658) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Phone

5038198442

Tax Period

2023-07-01 to 2024-06-30

SALEM PUBLIC LIBRARY FOUNDATION, founded in 1981, is a small nonprofit that reported $232K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $331K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE MISSION OF THE SALEM PUBLIC LIBRARY FOUNDATION IS TO SUPPORT ENHANCEMENT PROJECTS, PROGRAMS, AND SERVICES OF THE SALEM PUBLIC LIBRARY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $111,513

Program Service Revenue $0

Investment Income $120,419

Other Revenue $0

TOTAL REVENUE $231,932

Expense Breakdown

Grants Paid $159,881

Salaries & Benefits $99,648

Fundraising Expenses $16,464

Program Expenses $209,212

Other Expenses $71,167

TOTAL EXPENSES $330,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,932	$522,891	-0.6%
Expenses	$330,696	$423,583	-0.2%
Net Income	$-98,764	$99,308	-2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$92,163

Total Directors

$92,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE VAN UMMERSEN	Executive Dir.	30.00	Officer Director	$88,714	$3,449	$92,163
SARAH CLOVIS BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIDGET ESQUEDA	EX OFFICIO BOAR	1.00	Director	$0	$0	$0
DAVID GUTTERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE PIPER	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY GOULD	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ENGEL	Treasurer	1.00	Officer Director	$0	$0	$0
LISA HARDEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA GRANT	Secretary	1.00	Officer Director	$0	$0	$0
JANICE WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA CASTANO	EX OFFICIO BOAR	1.00	Director	$0	$0	$0
JAMES MONTGOMERY	PAST PRESIDENT	1.00	Director	$0	$0	$0
GINA JOHNNIE	Vice President	1.00	Officer Director	$0	$0	$0
JASON RAMEY	President	1.00	Officer Director	$0	$0	$0
BRYANT MALONE	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$231,932	$330,696	$3,341,726	$-98,764
2023	$522,891	$423,583	$3,105,201	$99,308
2022	$215,936	$241,177	$2,961,196	$-25,241
2021	$731,589	$331,440	$3,365,466	$400,149
2020	$344,365	$688,746	$2,558,457	$-344,381
2019	$422,090	$233,053	$2,995,027	$189,037

SALEM PUBLIC LIBRARY FOUNDATION