WAYNE COUNTY PUBLIC LIBRARY FOUNDA… - Form 990 Financial Data

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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

1941

Legal Domicile

Principal Officer

MARY BARTLETT

Tax Period

2024-07-01 to 2025-06-30

WAYNE COUNTY PUBLIC LIBRARY FOUNDATION INC, founded in 1941, is a small nonprofit in the Education sector that reported $396K in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 49% operating margin.

Mission

TO PROVIDE THE COMMUNITY WITH INFORMATION, MATERIALS, AND SERVICES THAT SUPPORT LEARNING AND THE WORKPLACE; PROMOTE AN APPRECIATION OF OUR HISTORY AND DIVERSE CULTURES; AND OFFER COMMUNITY MEMBERS THE OPPORTUNITY TO MEET AND INTERACT WITH OTHERS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $173,983

ENRICHMENT FOR LIBRARY PROGRAMMING.

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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 $362,976

Program Service Revenue $0

Investment Income $33,511

Other Revenue $0

TOTAL REVENUE $396,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,212

Other Expenses $200,916

TOTAL EXPENSES $200,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,487	$159,233	+1.5%
Expenses	$200,916	$259,441	-0.2%
Net Income	$195,571	$-100,208	-3.0%

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

N/A

Independent Members

Employees

N/A

Volunteers

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
MARY BARTLETT	CHAIR	5.00	Officer Director	$0	$0	$0
JOHN WALSTON	VICE CHAIR	N/A	Director	$0	$0	$0
LESLIE WEIL	VICE CHAIR	N/A	Director	$0	$0	$0
LYNN WILLIAMS	SECRETARY/TR	N/A	Officer 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	$396,487	$200,916	$3,003,813	$195,571
2024	$159,233	$259,441	$2,590,442	$-100,208
2023	$430,171	$89,196	$2,478,551	$340,975
2022	$159,287	$86,218	$1,991,504	$73,069
2021	$505,117	$62,396	$2,260,321	$442,721
2020	$50,419	$47,029	$1,817,600	$3,390
2019	$186,684	$57,252	$1,814,210	$129,432
2018	$104,909	$56,276	$1,684,778	$48,633

WAYNE COUNTY PUBLIC LIBRARY FOUNDATION INC