WAY PUBLIC LIBRARY FOUNDATION AND … - Form 990 Financial Data

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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

1991

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $142,773 Revenue: $33,595

PROVIDE FUNDING FOR COLLECTION MATERIALS, EQUIPMENT, CHILDREN'S SERVICES, PUBLIC PROGRAMS, CLASSES FOR A MINIMAL FEE AND PROPERTY MAINTENANCE AND RENOVATIONS TO SUPPORT THE 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 $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

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

$207,153

Total Directors

$114,859

Key Employees

Highest Compensated

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

WAY PUBLIC LIBRARY FOUNDATION AND FRIENDS