WASHINGTON FREE PUBLIC LIBRARY FOUNDATION (EIN 421482124) - 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

1998

Legal Domicile

Principal Officer

DOUG MCBRIDE

Phone

3196532726

Tax Period

2023-07-01 to 2024-06-30

WASHINGTON FREE PUBLIC LIBRARY FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $180K in total revenue in fiscal year 2023. Revenue surged 165% from the prior year, signaling strong growth momentum. Expenses of $247K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE FINANCIAL SUUPORT FOR WASHINGTON IOWA PUBLIC 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 $93,837

Program Service Revenue $0

Investment Income $86,568

Other Revenue $0

TOTAL REVENUE $180,405

Expense Breakdown

Grants Paid $241,795

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,795

Other Expenses $5,528

TOTAL EXPENSES $247,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,405	$68,122	+1.6%
Expenses	$247,323	$32,524	+6.6%
Net Income	$-66,918	$35,598	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN MOENCK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG MCBRIDE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TAMERA ALEXANDER	SECRETARY	1.00	Officer Director	$0	$0	$0
BROOKE HANSON	TREASURER	1.00	Officer Director	$0	$0	$0
EDWIN LINS	DIRECTOR	2.00	Director	$0	$0	$0
PATTY STUTZMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
ADHALI LARIOS-HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ALISHA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL VOSS	DIRECTOR	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	No data	No data	No data	No data
2024	$180,405	$247,323	$2,155,907	$-66,918
2023	$68,122	$32,524	$2,055,850	$35,598
2022	$1,654,885	$17,353	$1,970,693	$1,637,532
2022	$1,654,885	$17,353	$1,970,693	$1,637,532

WASHINGTON FREE PUBLIC LIBRARY FOUNDATION