HASTINGS LIBRARY FOUNDATION (EIN 470602493) - 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

1978

Legal Domicile

Principal Officer

SHELLY TORK

Phone

4024612346

Tax Period

2023-01-01 to 2023-12-31

HASTINGS LIBRARY FOUNDATION, founded in 1978, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO SUPPORT THE HASTINGS PUBLIC LIBRARY, HASTINGS, NEBRASKA

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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 $10,575

Program Service Revenue $0

Investment Income $15,785

Other Revenue $0

TOTAL REVENUE $26,360

Expense Breakdown

Grants Paid $27,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,650

Other Expenses $11,184

TOTAL EXPENSES $38,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,360	$67,418	-0.6%
Expenses	$38,834	$268,583	-0.9%
Net Income	$-12,474	$-201,165	-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

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
SHELLY TORK	PRESIDENT	0.50	Officer Director	$0	$0	$0
LUCINDA CORDES GLEN	DIRECTOR	0.50	Director	$0	$0	$0
SHARON BROOKS	SECRETARY	0.50	Officer Director	$0	$0	$0
LYNETTE KREIGER	DIRECTOR	0.50	Director	$0	$0	$0
PHIL NELSON	DIRECTOR	0.50	Director	$0	$0	$0
JANE BAUER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CRIS WRIGHT	TREASURER	0.50	Officer Director	$0	$0	$0
BRUCE RUNDLE	DIRECTOR	0.50	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	$26,360	$38,834	$344,846	$-12,474
2022	$67,418	$268,583	$337,011	$-201,165
2021	$130,178	$33,529	$613,602	$96,649
2020	$33,212	$41,419	$528,488	$-8,207
2019	$41,936	$63,082	$493,322	$-21,146
2018	$64,843	$245,947	$459,256	$-181,104

HASTINGS LIBRARY FOUNDATION