THE LIBBEY HOUSE FOUNDATION (EIN 450556813) - 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

2005

Legal Domicile

Principal Officer

ROBERT L ZOLLWEG

Tax Period

2023-01-01 to 2023-12-31

THE LIBBEY HOUSE FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $118K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20K, a strong 17% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PRESERVE A RECORD OF THE HISTORY OF GLASS MAKING IN NORTHWEST OHIO.

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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 $114,212

Program Service Revenue $0

Investment Income $7

Other Revenue $3,656

TOTAL REVENUE $117,875

Expense Breakdown

Grants Paid $6,285

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,018

Other Expenses $91,733

TOTAL EXPENSES $98,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,875	$66,598	+0.8%
Expenses	$98,018	$70,427	+0.4%
Net Income	$19,857	$-3,829	-6.2%

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
ROBERT L ZOLLWEG	PRESIDENT	N/A	Officer Director	$0	$0	$0
STEVEN E SHRAKE AIA	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TINA MOFFAT	SECRETARY	N/A	Officer Director	$0	$0	$0
RANDY CUTCHER	TREASURER	N/A	Officer Director	$0	$0	$0
WENDY DAUDELIN	BOARD MEMBER	N/A	Director	$0	$0	$0
YVONNE E GIDDINGS	BOARD MEMBER	N/A	Director	$0	$0	$0
SANDY L SHULTZ	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIE BECKERT	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLY KESSLER	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2023	$117,875	$98,018	$561,141	$19,857
2022	$66,598	$70,427	$551,379	$-3,829
2021	$50,623	$47,721	$560,639	$2,902
2020	$78,780	$63,165	$557,236	$15,615
2019	$53,931	$59,682	$523,504	$-5,751
2018	$62,486	$48,399	$529,255	$14,087

THE LIBBEY HOUSE FOUNDATION