WEST LAFAYETTE PUBLIC LIBRARY FOUNDATION INC (EIN 351965538) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

Earl Nicholas Schenkel

Phone

7657432261

Tax Period

2023-01-01 to 2023-12-31

WEST LAFAYETTE PUBLIC LIBRARY FOUNDATION INC, founded in 1996, is a micro nonprofit in the Education sector that reported $90K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $105K exceeded revenue, resulting in a 16% operating deficit.

Mission

The West Lafayette Public Library Foundation is organized to promote, aid and encourage the Library's purposes, activities and endeavors of every kind and description for the West Lafayette Public Library.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,630

Program Service Revenue $0

Investment Income $16,648

Other Revenue $17,221

TOTAL REVENUE $90,499

Expense Breakdown

Grants Paid $59,612

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,797

Other Expenses $45,110

TOTAL EXPENSES $104,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,499	$116,337	-0.2%
Expenses	$104,722	$12,539	+7.4%
Net Income	$-14,223	$103,798	-1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$92,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marra Honeywell	Board Member	1	Director	$0	$0	$92,000
Bess Witkosky	Board Member	1	Director	$0	$0	$0
Ann Fields Monical	Board Member	1	Director	$0	$0	$0
Jean Sullivan	Member	1	Director	$0	$0	$0
Earl N Schenkel	West Lafayette Public Library Director	2	Officer	$0	$0	$0
Eric Lin	President of the Board	2	Officer	$0	$0	$0
Linda Eales	Vice President	1	Officer	$0	$0	$0
Shelley Lowenberg DeBoer	Secretary	1	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$90,499	$104,722	$917,235	$-14,223
2022	$116,337	$12,539	$977,764	$103,798
2021	$85,526	$43,176	$1,003,650	$42,350
2020	$25,065	$574	$895,787	$24,491
2019	$22,399	$19,626	$811,488	$2,773

WEST LAFAYETTE PUBLIC LIBRARY FOUNDATION INC