PANHANDLE LIBRARY ACCESS NETWORK INC (EIN 593143384) - 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

1995

Legal Domicile

Principal Officer

REGINA BURGESS

Phone

8502339051

Tax Period

2023-10-01 to 2024-09-30

PANHANDLE LIBRARY ACCESS NETWORK INC, founded in 1995, is a community nonprofit in the Unknown sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

PANHANDLE LIBRARY ACCESS NETWORK, INC.'S MISSION IS TO LINK BY COMPUTER OR FAX LINES THE REGION'S LIBRARIES TO PERMIT EACH LIBRARY TO SHARE INFORMATION WITH OTHER LIBRARIES.

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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 $686,959

Program Service Revenue $317,506

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,004,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,623

Fundraising Expenses $0

Program Expenses $634,984

Other Expenses $690,630

TOTAL EXPENSES $985,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,004,465	$953,941	+0.1%
Expenses	$985,253	$907,929	+0.1%
Net Income	$19,212	$46,012	-0.6%

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

$95,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES MAYBERRY	FORMER ED	40.00	Officer	$95,643	$0	$95,643
VALERIE BOULOS	BOARD MEMBER	N/A	Director	$0	$0	$0
CAITLIN CERISE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STEPHANIE CLARK	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAMELA MONROE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
RENAE ROUNTREE	BOARD MEMBER	N/A	Director	$0	$0	$0
VICKY STEVER	BOARD MEMBER	N/A	Director	$0	$0	$0
BRADLEY VINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
TABITHA WASHINGTON	BOARD MEMBER	N/A	Director	$0	$0	$0
COURTNEY WHITAKER	BOARD MEMBER	N/A	Director	$0	$0	$0
REGINA BURGESS	EXECUTIVE DI	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	$1,004,465	$985,253	$549,441	$19,212
2023	$953,941	$907,929	$560,338	$46,012
2022	$1,308,597	$1,218,885	$486,417	$89,712
2021	$679,786	$609,181	$484,145	$70,605
2020	$1,127,313	$1,088,421	$312,333	$38,892
2019	$855,955	$824,538	$324,931	$31,417

PANHANDLE LIBRARY ACCESS NETWORK INC