Willard Library Foundation Inc (EIN 351666547) - 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

1986

Legal Domicile

Principal Officer

Jeffrey H Bosse

Phone

8124254309

Tax Period

2024-01-01 to 2024-12-31

Willard Library Foundation Inc, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $832K in total revenue in fiscal year 2024. Revenue surged 396% from the prior year, signaling strong growth momentum. The organization ran a surplus of $774K, a strong 93% operating margin.

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)

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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 $376,851

Program Service Revenue $0

Investment Income $452,721

Other Revenue $2,478

TOTAL REVENUE $832,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,754

Other Expenses $57,754

TOTAL EXPENSES $57,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$832,050	$167,719	+4.0%
Expenses	$57,754	$87,237	-0.3%
Net Income	$774,296	$80,482	+8.6%

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	$0	$0	$0
Jennifer Stevens	Vice President	1.00	Officer	$0	$0	$0
Steve Worthington	Treasurer	1.00	Officer	$0	$0	$0
Robert Scott Wylie	Secretary	1.00	Officer	$0	$0	$0
Connie Romain	Trustee	1.00	Director	$0	$0	$0
Belle I Hagey	Trustee	1.00	Director	$0	$0	$0
William McCutchan	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
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

Willard Library Foundation Inc