LEXINGTON PUBLIC LIBRARY FOUNDATION (EIN 311565272) - 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

1997

Legal Domicile

Principal Officer

HEATHER DIEFFENBACH

Phone

8592315556

Tax Period

2024-07-01 to 2025-06-30

LEXINGTON PUBLIC LIBRARY FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $727K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $627K left a modest 14% surplus.

Mission

THE FOUNDATION WAS ESTABLISHED IN 1997 TO BENEFIT, PROMOTE, SUPPORT, ENCOURAGE, AND ENHANCE THE PROGRAMS AND FACILITIES OF THE LIBRARY BY PROVIDING FINANCIAL SUPPORT AND ASSISTING IN MAKING THE LIBRARY MORE VALUABLE TO THE ENTIRE 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 $591,521

Program Service Revenue $0

Investment Income $135,347

Other Revenue $0

TOTAL REVENUE $726,868

Expense Breakdown

Grants Paid $561,105

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $561,105

Other Expenses $66,247

TOTAL EXPENSES $627,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$726,868	$1,316,653	-0.4%
Expenses	$627,352	$598,579	+0.0%
Net Income	$99,516	$718,074	-0.9%

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

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

$356,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX GARCIA	BOARD MEMBER (FROM 07/2024)	1.00	Director	$0	$0	$0
ANDY JARVIS	TREASURER	1.00	Officer Director	$0	$0	$0
CASEY BOLTON	BOARD MEMBER (FROM 07/2024)	1.00	Director	$0	$0	$0
ELIZABETH COMBS	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY LANE	BOARD MEMBER (FROM 07/2024)	1.00	Director	$0	$0	$0
EMMY HARTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY TUREK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOMO THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN PARKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEITH KEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY BALL BROADBENT	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDA BEBROWSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN ROTY	BOARD MEMBER (FROM 07/2024)	1.00	Director	$0	$0	$0
MARY ESTES HAGGIN	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH COLDIRON	CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA POPPE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROD BROTHERTON	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER DIEFFENBACH	EXECUTIVE DIRECTOR	4.00	Officer	$0	$42,768	$193,235
ROBERT SERRATE	CHIEF ADMINISTRATIVE OFFICER	4.00	Officer	$0	$37,427	$162,872

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	$726,868	$627,352	$2,884,520	$99,516
2024	No data	No data	No data	No data
2023	$3,173,381	$784,045	$3,405,415	$2,389,336
2022	$528,744	$150,377	$1,016,079	$378,367
2021	$226,813	$906,897	$804,427	$-680,084
2020	$1,106,387	$251,052	$1,411,803	$855,335
2019	$459,471	$287,755	$577,254	$171,716
2018	$308,904	$353,133	$390,985	$-44,229

LEXINGTON PUBLIC LIBRARY FOUNDATION