Nita Stewart Haley Memorial Library

EIN: 237327454 501(c)(3)

Midland, TX

Total Revenue
$2,656,438
Total Expenses
$538,150
Total Assets
$15,701,949
Net Assets
$15,694,519
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
TX
Principal Officer
BRIAN T MCLAUGHLIN
Phone
4325281175
Tax Period
2024-01-01 to 2024-12-31

Nita Stewart Haley Memorial Library, founded in 1973, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 237% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 80% operating margin.

Mission

TO MAKE AVAILABLE AT NO CHARGE TO THE RESEARCHING PUBLIC PRIMARY SOURCE COLLECTIONS OF HISTORICAL NATURE THAT REPRESENT THE DEVELOPMENT OF THE SOUTHWESTERN UNITED STATES.

Program Service Accomplishments

Program 1
Expenses: $273,289 Revenue: $391,654

Preparation, organization and exhibition of permanent library, archival and fine art collections that are made available to researchers at no charge. The collections focus on the historical record of...

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Preparation, organization and exhibition of permanent library, archival and fine art collections that are made available to researchers at no charge. The collections focus on the historical record of the American southwest and its expansion of the frontier following the war between the states. Especially significant are the collections that document the co-dependent relationships between the range cattle industry, the expansion of the railroads westward and the military support of both through the implementation of the fort systems.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,264,784
Program Service Revenue $8,199
Investment Income $142,661
Other Revenue $240,794
TOTAL REVENUE $2,656,438

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,094
Fundraising Expenses $182,933
Program Expenses $273,289
Other Expenses $295,056
TOTAL EXPENSES $538,150

Year-over-Year Comparison

2024 2023 Change
Revenue $2,656,438 $787,698 +2.4%
Expenses $538,150 $502,609 +0.1%
Net Income $2,118,288 $285,089 +6.4%
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
5
Independent Members
5
Employees
7
Volunteers
15

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
$93,750
Total Directors
6
$93,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J P Pat McDaniel Executive Direc 40.00
Officer Director
$93,750 $0 $93,750
BRIAN T MCLAUGHLIN Board Chair 5.00
Officer Director
$0 $0 $0
Jeff Haley VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
B Byron Price Board Member 1.00
Officer Director
$0 $0 $0
William W Caruth III Board Member 1.00
Officer Director
$0 $0 $0
JOSEPH A SULLIVAN Board Member 1.00
Officer 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 $2,656,438 $538,150 $15,701,949 $2,118,288
2023 $787,698 $502,609 $12,686,907 $285,089
2022 $2,087,664 $440,165 $9,680,868 $1,647,499
2021 $771,762 $430,482 $8,035,811 $341,280
2021 $771,762 $430,482 $8,035,811 $341,280
2020 $731,563 $408,371 $7,693,839 $323,192
2020 $731,563 $408,371 $7,693,839 $323,192
2019 $817,942 $430,106 $7,370,767 $387,836
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