Lawrence Public Library Friends and Foundation (EIN 481179872) - 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

1996

Legal Domicile

Principal Officer

JOAN GOLDEN

Phone

7858433833

Tax Period

2024-01-01 to 2024-12-31

Lawrence Public Library Friends and Foundation, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $498K, a strong 41% operating margin.

Mission

SECURING GIFTS FROM THE COMMUNITY TO STRENGTHEN AND SUPPLEMENT THE PUBLIC'S INVESTMENT IN THE LIBRARY. LAWRENCE PUBLIC LIBRARY FRIENDS & FOUNDATION SUPPORTS THE IMMEDIATE AND LONG-TERM NEEDS OF THE LIBRARY THROUGH FINANCIAL SUPPORT, VOLUNTEER SERVICE, AND ADVOCACY.

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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 $594,802

Program Service Revenue $0

Investment Income $412,305

Other Revenue $215,047

TOTAL REVENUE $1,222,154

Expense Breakdown

Grants Paid $521,132

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $567,339

Other Expenses $202,846

TOTAL EXPENSES $723,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,222,154	$768,487	+0.6%
Expenses	$723,978	$650,935	+0.1%
Net Income	$498,176	$117,552	+3.2%

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

200

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
KASSIE NIETERS	CHAIR	2.00	Officer Director	$0	$0	$0
ANNAMARIE HILL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JANE MEDINA	Secretary	2.00	Officer Director	$0	$0	$0
JOAN GOLDEN	Treasurer	2.00	Officer Director	$0	$0	$0
BLANCA HERRADA	Trustee	1.00	Director	$0	$0	$0
STAN RING	Trustee	1.00	Director	$0	$0	$0
BRANDON EISMAN	Trustee	1.00	Director	$0	$0	$0
MARY GAGE	Trustee	1.00	Director	$0	$0	$0
NANCY HAMBLETON	Trustee	1.00	Director	$0	$0	$0
FRANKIE HAYNES AS OF 924	Trustee	1.00	Director	$0	$0	$0
CRAIG PENZLER	Trustee	1.00	Director	$0	$0	$0
RACHEL RADEMACHER	Trustee	1.00	Director	$0	$0	$0
IMANI WADUD THRU 924	Trustee	1.00	Director	$0	$0	$0
MANDY LEIBOLD	Trustee	1.00	Director	$0	$0	$0
BRAD ALLEN	EX-OFFICIO	1.00	Director	$0	$0	$0
KATHLEEN MORGAN	Executive Dir.	40.00	Officer	$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	$1,222,154	$723,978	$4,317,472	$498,176
2023	$768,487	$650,935	$3,862,404	$117,552
2022	$829,004	$529,187	$3,479,956	$299,817
2021	$688,571	$563,340	$3,712,973	$125,231
2020	$794,414	$348,408	$3,405,533	$446,006
2019	$482,357	$310,503	$2,834,005	$171,854
2018	$452,477	$321,556	$2,368,700	$130,921

Lawrence Public Library Friends and Foundation