WAY PUBLIC LIBRARY FOUNDATION AND FRIENDS

EIN: 341712599 501(c)(3) Education

PERRYSBURG, OH

Total Revenue
$297,502
Total Expenses
$258,351
Total Assets
$4,937,777
Net Assets
$4,936,875
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
OH
Principal Officer
JANEL HAAS
Phone
4198743135
Tax Period
2023-01-01 to 2023-12-31

WAY PUBLIC LIBRARY FOUNDATION AND FRIENDS, founded in 1991, is a small nonprofit in the Education sector that reported $298K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $258K left a modest 13% surplus.

Mission

TO SUPPORT WAY PUBLIC LIBRARY BY FUNDING PROJECTS THAT ENCOURAGE CHILDREN AND YOUNG ADULTS TO CULTIVATE A LIFE-LONG ENTHUSIASM FOR READING AND LEARNING, BY SUPPORTING COLLECTIONS, PROGRAMS, AND SERVICES, AND BY ACTING AS ADVOCATE FOR SUSTAINING LIBRARY SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $98,075
Program Service Revenue $33,595
Investment Income $165,832
Other Revenue $0
TOTAL REVENUE $297,502

Expense Breakdown

Grants Paid $135,475
Salaries & Benefits $0
Fundraising Expenses $42,081
Program Expenses $142,773
Other Expenses $122,876
TOTAL EXPENSES $258,351

Year-over-Year Comparison

2023 2022 Change
Revenue $297,502 $601,916 -0.5%
Expenses $258,351 $222,413 +0.2%
Net Income $39,151 $379,503 -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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
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
5
$207,153
Total Directors
13
$114,859
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANEL HAAS TREASURER 2.00
Officer Director
$0 $27,745 $114,859
LISA RICHARD ADMINISTRATO 30.00
Officer
$0 $23,315 $92,294
BILL DAVIS TRUSTEE 0.50
Director
$0 $0 $0
STEVE FARBER TRUSTEE 0.50
Director
$0 $0 $0
SETH HUDSON TRUSTEE 0.50
Director
$0 $0 $0
TANA KOSKINEN TRUSTEE 0.50
Director
$0 $0 $0
BETSY LASHAWAY TRUSTEE 0.50
Director
$0 $0 $0
TERRI LEE TRUSTEE/SECR 0.50
Officer Director
$0 $0 $0
MOLLY MACK TRUSTEE 0.50
Director
$0 $0 $0
DAVID MUNGER TRUSTEE 0.50
Director
$0 $0 $0
KIRAN RAI TRUSTEE 0.50
Director
$0 $0 $0
TODD SATTLER TRUSTEE 0.50
Director
$0 $0 $0
RICHARD SIPP TRUSTEE/CHAI 0.50
Officer Director
$0 $0 $0
SANDY SNYDER TRUSTEE/VICE 0.50
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 No data No data No data No data
2023 $297,502 $258,351 $4,937,777 $39,151
2022 $601,916 $222,413 $4,898,509 $379,503
2021 $1,360,114 $236,409 $4,518,820 $1,123,705
2020 $334,093 $171,271 $3,394,592 $162,822
2019 $1,973,554 $352,700 $3,232,882 $1,620,854
2018 $253,018 $86,110 $1,611,705 $166,908
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