VANDERBURGH LAW LIBRARY FOUNDATION INC (EIN 311051353) - 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

1982

Legal Domicile

Principal Officer

KATHLEEN WESTON

Phone

8124355175

Tax Period

2023-01-01 to 2023-12-31

VANDERBURGH LAW LIBRARY FOUNDATION INC, founded in 1982, is a micro nonprofit that reported $19K in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. Expenses of $36K exceeded revenue, resulting in a 87% operating deficit.

Mission

ACQUIRE AND MAINTAIN RESEARCH MATERIALS FOR THE VANDERBURGH COUNTY LAW LIBRARY.SECURE AND MAINTAIN FACILITIES AND IMPROVEMENTS FOR THE VANDERBURGH COUNTY LAW LIBRARY.

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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 $3,950

Program Service Revenue $14,154

Investment Income $1,342

Other Revenue $0

TOTAL REVENUE $19,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,930

Fundraising Expenses $0

Program Expenses $27,613

Other Expenses $22,425

TOTAL EXPENSES $36,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,446	$9,832	+1.0%
Expenses	$36,355	$44,142	-0.2%
Net Income	$-16,909	$-34,310	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CARL HELDT	PRESIDENT	Director	$0	$0	$0
KEVIN GIBSON	VICE PRESIDENT	Director	$0	$0	$0
CRAIG EMIG	TREASURER	Director	$0	$0	$0
KATHRYN KORNBLUM	SECRETARY	Director	$0	$0	$0
CHARLES BERGER	DIRECTOR	Director	$0	$0	$0
MOLLY BRILES	DIRECTOR	Director	$0	$0	$0
SHEILA CORCORAN	DIRECTOR	Director	$0	$0	$0
MALLORY DECKARD	DIRECTOR	Director	$0	$0	$0
STEVE HOAR	DIRECTOR	Director	$0	$0	$0
DAVID JONES	DIRECTOR	Director	$0	$0	$0
YVETTE LAPLANTE	DIRECTOR	Director	$0	$0	$0
THOMAS MASSEY	DIRECTOR	Director	$0	$0	$0
SCOTT STRATMAN	DIRECTOR	Director	$0	$0	$0
CELIA PAULI	DIRECTOR	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	No data	No data	No data	No data
2023	$19,446	$36,355	$232,585	$-16,909
2022	$9,832	$44,142	$249,494	$-34,310
2021	$69,826	$34,108	$283,804	$35,718
2020	$29,125	$31,851	$248,086	$-2,726

VANDERBURGH LAW LIBRARY FOUNDATION INC