Friends of Neighborhood Libraries

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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

2003

Legal Domicile

Principal Officer

Ross Selvaggi

Phone

7133853090

Tax Period

2024-01-01 to 2024-12-31

Friends of Neighborhood Libraries, founded in 2003, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2024.

Mission

Friends of Neighborhood Libraries (FONL) was established in 2003 to encourage and support the neighborhood library locations of the Houston Public Library in Houston, TX.

Program Service Accomplishments

Program 1

Expenses: $38,843

Friends of Neighborhood Libraries (FONL) was established in 2003 to encourage and support the neighborhood library locations of the Houston Public Library in Houston, TX. Specifically, FONL supports Looscan Branch Library, located at 2510 Willowick Rd, Houston, TX by maintaining the library's physical plant. This includes providing lawn maintenance; updating trees, shrubbery, and flowers yearly; annual power washing of the exterior of the building, maintenance and repair of the sprinkler system, repair of sidewalks and parking areas, and overall cleaning and upkeep of the library exterior.

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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 $0

Program Service Revenue $0

Investment Income $-28,692

Other Revenue $0

TOTAL REVENUE $-28,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,843

Other Expenses $52,971

TOTAL EXPENSES $52,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-28,692	$-7,762	+2.7%
Expenses	$52,971	$34,254	+0.5%
Net Income	$-81,663	$-42,016	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ross Selvaggi	President	1.00	Officer Director	$0	$0	$0
Lou Black	Treasurer	1.00	Officer Director	$0	$0	$0
Bonnie Brooks	Board member	1.00	Director	$0	$0	$0
Barbara Kauffman	Board member	1.00	Director	$0	$0	$0
Dianne Webb	Board member	1.00	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	$-28,692	$52,971	$1,151,327	$-81,663
2023	$-7,762	$34,254	$1,024,549	$-42,016
2022	$-14,837	$71,114	$899,377	$-85,951
2021	$226,801	$27,712	$1,129,335	$199,089