Partners Library Action Network (EIN 201986964) - 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

Gretchen Pruett

Phone

5125830704

Tax Period

2023-09-01 to 2024-08-31

Partners Library Action Network, founded in 2005, is a small nonprofit in the Education sector that reported $294K in total revenue in fiscal year 2023. Expenses of $341K exceeded revenue, resulting in a 16% operating deficit.

Mission

To improve library services, sponsor library education, develop library utilization, and stimulate support of Texas 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 $177,773

Program Service Revenue $108,197

Investment Income $0

Other Revenue $7,699

TOTAL REVENUE $293,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,467

Fundraising Expenses $5,962

Program Expenses $300,038

Other Expenses $82,670

TOTAL EXPENSES $341,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,669	$299,728	0.0%
Expenses	$341,037	$326,895	+0.0%
Net Income	$-47,368	$-27,167	+0.7%

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

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

$56,200

Total Directors

$56,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Lashley	Executive Director until 3.31.23	40.00	Officer Director	$26,914	$1,346	$28,260
Margaret Noel	Executive Director 9.23	40.00	Officer Director	$26,769	$1,171	$27,940
Karen Ellis	Chair	3.00	Officer Director	$0	$0	$0
Jill Donegan	Treasurer	3.00	Officer Director	$0	$0	$0
Kelly Skovbjerg	Secretary	3.00	Officer Director	$0	$0	$0
Bea Saba	Vice Chair	3.00	Officer Director	$0	$0	$0
Michelle Cervantes	Director	3.00	Director	$0	$0	$0
Belinda Casanova	Director	3.00	Director	$0	$0	$0
Patti Mayfield	Director	3.00	Director	$0	$0	$0
Gretchen Pruett	Director	3.00	Director	$0	$0	$0
Denise Milton	Director	3.00	Director	$0	$0	$0
Dorothy Steelman	Director	3.00	Director	$0	$0	$0
Becky Isbell	Director	3.00	Director	$0	$0	$0
John Hayden	Director	3.00	Director	$0	$0	$0
Connie Lawman	Director	3.00	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
2024	$293,669	$341,037	$74,657	$-47,368
2023	$299,728	$326,895	$107,876	$-27,167
2022	$294,616	$319,492	$139,515	$-24,876
2021	$207,694	$209,354	$153,850	$-1,660
2020	$220,340	$224,586	$156,444	$-4,246

Partners Library Action Network