WESTERVILLE LIBRARY FOUNDATION (EIN 311108464) - 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

1984

Legal Domicile

Principal Officer

VASHITTA JOHNSON

Phone

6142124648

Tax Period

2024-01-01 to 2024-12-31

WESTERVILLE LIBRARY FOUNDATION, founded in 1984, is a small nonprofit that reported $122K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 75% operating margin.

Mission

SECURE THE FUTURE OF THE WESTRVILLE PUBLIC LIBRARY WITH A FOCUS ON INCREASING CHILDHOOD LITERACY WITHIN THE WESTERVILLE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,384

Program Service Revenue $7,498

Investment Income $98,087

Other Revenue $0

TOTAL REVENUE $121,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,881

Fundraising Expenses $0

Program Expenses $1,325

Other Expenses $6,289

TOTAL EXPENSES $30,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,969	$100,879	+0.2%
Expenses	$30,170	$5,997	+4.0%
Net Income	$91,799	$94,882	0.0%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET BARKER-STONEROOK	SECRETARY	2.00	Officer Director	$0	$0	$0
KWANA JOHNSON	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
VASHITTA JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENT MACKEY	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
BEN PACHT	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
KRISTIN SHUEY	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
CLARA TOTH	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
SUNNY ZONG	TREASURER	2.00	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	$121,969	$30,170	$820,981	$91,799
2023	$100,879	$5,997	$726,566	$94,882
2022	$20,955	$15,129	$619,860	$5,826
2021	$120,801	$31,939	$702,049	$88,862
2020	$74,090	$10,993	$610,757	$63,097

WESTERVILLE LIBRARY FOUNDATION