RECORDING LIBRARY OF WEST TEXAS

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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

1963

Legal Domicile

Principal Officer

JESSICA ALVARADO

Phone

4326822731

Tax Period

2023-01-01 to 2023-12-31

RECORDING LIBRARY OF WEST TEXAS, founded in 1963, is a small nonprofit in the Education sector that reported $350K in total revenue in fiscal year 2023. Expenses of $435K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE AUDIO RECORDINGS TO ENRICH THE LIVES OF PEOPLE WHO CANNOT ACCESS THE PRINTED WORD.

Program Service Accomplishments

Program 1

Expenses: $337,051

TO PROVIDE AUDIO RECORDINGS TO ENRICH THE LIVES OF PEOPLE WHO CANNOT ACCESS THE PRINTED WORD. THE LIBRARY SERVED OVER 26,000 PEOPLE DURING 2023.

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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 $329,118

Program Service Revenue $0

Investment Income $34,802

Other Revenue $-14,375

TOTAL REVENUE $349,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,168

Fundraising Expenses $41,079

Program Expenses $337,051

Other Expenses $122,119

TOTAL EXPENSES $435,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$349,545	$365,653	0.0%
Expenses	$435,287	$391,817	+0.1%
Net Income	$-85,742	$-26,164	+2.3%

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

$99,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHAEL STONE	PRESIDENT	0.58	Officer Director	$0	$0	$0
DR DAVE POWER	VICE PRESIDE	2.88	Officer Director	$0	$0	$0
DENISA CASEY	SECRETARY	0.96	Officer Director	$0	$0	$0
CAOI TOTH	TREASURER	0.29	Officer Director	$0	$0	$0
JESSICA ALVARADO	DIRECTOR	0.96	Director	$0	$0	$0
SAUL HERRERA	DIRECTOR	0.29	Director	$0	$0	$0
CARTER MUIRE	DIRECTOR	0.48	Director	$0	$0	$0
JULIE NEAL	DIRECTOR	1.54	Director	$0	$0	$0
BAILEE HENNIS	EXECUTIVE DI	40.00	Officer	$92,695	$6,802	$99,497

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	$349,545	$435,287	$1,008,743	$-85,742
2022	$365,653	$391,817	$1,031,321	$-26,164
2022	$365,654	$385,755	$1,029,284	$-20,101
2021	$456,893	$369,699	$1,173,014	$87,194
2020	$431,862	$378,188	$1,163,682	$53,674
2019	$265,309	$385,627	$1,014,622	$-120,318
2018	$528,614	$393,775	$1,045,616	$134,839