WICHITA PUBLIC LIBRARY FOUNDATION INC (EIN 481042418) - 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

1987

Legal Domicile

Principal Officer

KOURTNEY CARSON

Phone

3162618545

Tax Period

2023-01-01 to 2023-12-31

WICHITA PUBLIC LIBRARY FOUNDATION INC, founded in 1987, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $933K, a strong 59% operating margin.

Mission

WPLF SEEKS DONATIONS FOR WICHITA PUBLIC LIBRARY TO FILL THE GAP BETWEEN TAX BASE FUNDING AND COMMUNITY NEEDS.

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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 $1,073,724

Program Service Revenue $0

Investment Income $507,777

Other Revenue $0

TOTAL REVENUE $1,581,501

Expense Breakdown

Grants Paid $106,664

Salaries & Benefits $216,749

Fundraising Expenses $183,400

Program Expenses $262,643

Other Expenses $325,415

TOTAL EXPENSES $648,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,581,501	$637,364	+1.5%
Expenses	$648,828	$646,101	+0.0%
Net Income	$932,673	$-8,737	-107.7%

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

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

$133,816

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DECESARO	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEVIN MCWHORTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLIE HOGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN HOWARTER	TREASURER	1.00	Officer Director	$0	$0	$0
JAIME NIX	DIRECTOR OF LIBRARIES	3.00	Officer Director	$0	$0	$0
MARY EVES	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDICE FARHA	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON IORIO	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN M LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL PICKERT	BOARD MEMBER	1.00	Director	$0	$0	$0
TONI PORTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN WEIGAND	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTI OBERG	PRESIDENT/CEO	40.00	Officer	$133,816	$0	$133,816

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	$1,581,501	$648,828	$10,212,935	$932,673
2022	$637,364	$646,101	$9,163,763	$-8,737
2021	$815,515	$1,662,684	$10,832,188	$-847,169
2020	$764,021	$615,444	$11,886,361	$148,577
2019	$2,068,270	$769,982	$10,764,758	$1,298,288
2019	$2,068,270	$769,982	$10,764,758	$1,298,288
2018	$1,398,275	$674,740	$10,029,727	$723,535
2018	$1,398,275	$674,740	$10,029,727	$723,535

WICHITA PUBLIC LIBRARY FOUNDATION INC