Willard Library of Evansville (EIN 356004230) - 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

1881

Legal Domicile

Principal Officer

Jeffrey H Bosse

Phone

8124254309

Tax Period

2024-01-01 to 2024-12-31

Willard Library of Evansville, founded in 1881, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To provide services to the general public.

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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 $1,393,276

Program Service Revenue $3,187

Investment Income $185,471

Other Revenue $2,095

TOTAL REVENUE $1,584,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $979,584

Fundraising Expenses $13,108

Program Expenses $1,232,409

Other Expenses $577,402

TOTAL EXPENSES $1,556,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,584,029	$1,428,861	+0.1%
Expenses	$1,556,986	$1,222,272	+0.3%
Net Income	$27,043	$206,589	-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

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

$160,631

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
John Montrastelle	Trustee	1.00	Director	$0	$0	$0
William McCutchan	Trustee	1.00	Director	$0	$0	$0
Marcia Au	Trustee	1.00	Director	$0	$0	$0
Barbara Williams	Trustee	1.00	Director	$0	$0	$0
George P Carter	Director	40.00	Officer	$119,162	$41,469	$160,631

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	$1,584,029	$1,556,986	$2,869,261	$27,043
2023	$1,428,861	$1,222,272	$2,773,653	$206,589
2022	$1,308,825	$1,209,539	$2,412,099	$99,286
2021	$1,302,512	$1,158,388	$2,845,085	$144,124
2020	$1,155,189	$940,960	$2,617,976	$214,229

Willard Library of Evansville