Tulsa Library Trust

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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

1972

Legal Domicile

Principal Officer

Melissa Easterling

Phone

9185497637

Tax Period

2024-07-01 to 2025-06-30

Tulsa Library Trust, founded in 1972, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $12.4M exceeded revenue, resulting in a 86% operating deficit.

Mission

To benefit the Tulsa City County Library System (TCCL)

Program Service Accomplishments

Program 1

Expenses: $10,615,451

My Library, Our Future Capital Campaign

Program 2

Expenses: $803,849

Supporting TCCL's efforts to provide services to the half-million children, teens, and adults who use the Library. The Trust strives to cultivate the love of reading and life long learning by...

Supporting TCCL's efforts to provide services to the half-million children, teens, and adults who use the Library. The Trust strives to cultivate the love of reading and life long learning by offering unique programs, services, and resources to communities in Tulsa County, these programs, services, and resources include:1) Literacy and ESL Salary Support2) Literacy Tutor Support3) TCCL Staff Support4) TCCL/TLT Volunteer Recognition5) Library Landscaping6) Materials Purchases (Books, Recorded Materials, Digital Materials, Give-away Books)7) Branch Programming for all ages (Infants, Preschool through High School, Young Adult and Adult)8) Bookmobile and Outreach Programming9) Resource Center Programs (African American, Hispanic, American Indian and Genealogy)10) Young People's Creative Writing Contest11) Any Given Child Program12) Miscellaneous TCCL Support in areas of Marketing, Printing, and Training

Program 3

Expenses: $424,936

Central library capital, maintenance, and repair expenditures.

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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 $5,295,862

Program Service Revenue $0

Investment Income $1,381,581

Other Revenue $0

TOTAL REVENUE $6,677,443

Expense Breakdown

Grants Paid $424,936

Salaries & Benefits $133,264

Fundraising Expenses $33,920

Program Expenses $12,263,226

Other Expenses $11,888,184

TOTAL EXPENSES $12,446,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,677,443	$13,447,156	-0.5%
Expenses	$12,446,384	$2,387,453	+4.2%
Net Income	$-5,768,941	$11,059,703	-1.5%

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

$125,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melissa Easterling	Executive Dir.	40.00	Officer	$125,580	$0	$125,580
Mike Redman	Vice President	0.50	Officer Director	$0	$0	$0
Isaac Ellis	Secretary/Treas	0.50	Officer Director	$0	$0	$0
Stacey Helmerich Dunn	Member	0.50	Director	$0	$0	$0
Jordan Helmerich	President-Elect	0.50	Officer Director	$0	$0	$0
Kara Gae Neal	Member	0.50	Director	$0	$0	$0
Annette LaFortune Murray	President	0.50	Officer Director	$0	$0	$0
Julie Watson	Member	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
2025	$6,677,443	$12,446,384	$39,890,654	$-5,768,941
2024	$13,447,156	$2,387,453	$38,061,559	$11,059,703
2023	$3,044,786	$1,544,883	$25,472,210	$1,499,903
2022	$2,174,880	$977,970	$22,321,642	$1,196,910
2021	$1,731,566	$638,733	$27,607,128	$1,092,833
2020	$1,603,457	$1,413,642	$21,777,897	$189,815
2019	$1,798,787	$2,233,194	$21,718,599	$-434,407
2018	$2,399,639	$1,115,027	$22,499,266	$1,284,612