Willard Library Foundation Inc

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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

1986

Legal Domicile

Principal Officer

Jeffrey H Bosse

Phone

8124254309

Tax Period

2025-01-01 to 2025-12-31

Willard Library Foundation Inc, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $518K in total revenue in fiscal year 2025. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 107% operating deficit.

Mission

To promote the development, expansion, and the improvement of library facilities and services of the Willard Library of Evansville(a 501(c)(3) Organization)

Program Service Accomplishments

Program 1

Expenses: $1,072,118 Revenue: $0

Library services available to the general public by supporting Willard Library of Evansville.

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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 (2025)

Revenue Breakdown

Contributions & Grants $147,613

Program Service Revenue $0

Investment Income $370,422

Other Revenue $0

TOTAL REVENUE $518,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,072,118

Other Expenses $1,072,118

TOTAL EXPENSES $1,072,118

Year-over-Year Comparison

	2025	2024	Change
Revenue	$518,035	$832,050	-0.4%
Expenses	$1,072,118	$57,754	+17.6%
Net Income	$-554,083	$774,296	-1.7%

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
Jeffrey H Bosse	President	1.00	Officer Director	$0	$0	$0
Jennifer Stevens	Vice President	1.00	Officer Director	$0	$0	$0
Steve Worthington	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Scott Wylie	Secretary	1.00	Officer Director	$0	$0	$0
Connie Romain	Trustee	1.00	Director	$0	$0	$0
Belle I Hagey	Trustee	1.00	Director	$0	$0	$0
Barbara Williams	Trustee	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
2025	$518,035	$1,072,118	$4,385,651	$-554,083
2024	$832,050	$57,754	$4,834,315	$774,296
2023	$167,719	$87,237	$3,968,624	$80,482
2022	$247,979	$63,905	$3,779,669	$184,074
2021	$242,745	$42,993	$3,992,031	$199,752
2020	$216,153	$140,338	$3,262,767	$75,815