Partners Library Action Network

EIN: 201986964 501(c)(3) Education

Austin, TX

Total Revenue
$293,669
Total Expenses
$341,037
Total Assets
$74,657
Net Assets
$25,963
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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
TX
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.

Program Service Accomplishments

Program 1
Expenses: $300,038 Revenue: $0

Membership services: Provides library management and services to youth and adults by providing consulting on book collections, programming, summer reading programs, working volunteers, space...

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Membership services: Provides library management and services to youth and adults by providing consulting on book collections, programming, summer reading programs, working volunteers, space planning, strategic planning, personnel management, and governance. Also, provides continuing education and networking opportunities for library staff, Boards, and Friends groups. Member libraries receive support through equipment lending, a rotating collection of large print books, and discount programs.

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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 (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

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Governance

Voting Members
11
Independent Members
11
Employees
6
Volunteers
27

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
6
$56,200
Total Directors
15
$56,200
Key Employees
0
$0
Highest Compensated
0
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
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