ALEXANDER MEMORIAL LIBRARY

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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

1965

Legal Domicile

Principal Officer

DENISE STOREY

Phone

8308792601

Tax Period

2023-01-01 to 2023-12-31

ALEXANDER MEMORIAL LIBRARY, founded in 1965, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $79K, a strong 37% operating margin.

Mission

THE MISSION OF ALEXANDER MEMORIAL LIBRARY IS TO SERVE AS A FOCAL POINT OF OUR COMMUNITY, PROVIDING QUALITY MATERIALS AND RECREATIONAL NEEDS OF THE ENTIRE COMMUNITY THAT IS WELCOMING, RESPECTFUL AND BUSINESSLIKE.

Program Service Accomplishments

Program 1

Expenses: $133,696 Revenue: $209,862

PROVIDED LIBRARY SERVICES AND ACTIVITIES INCLUDING BOOKS, FILMS, VIDEOS AND COMPUTERS WITH INTERNET SERVICES TO THE RESIDENTS OF LA SALLE COUNTY TEXAS WITH A POPULATION OF APPROXIMATELY 8063. THE...

PROVIDED LIBRARY SERVICES AND ACTIVITIES INCLUDING BOOKS, FILMS, VIDEOS AND COMPUTERS WITH INTERNET SERVICES TO THE RESIDENTS OF LA SALLE COUNTY TEXAS WITH A POPULATION OF APPROXIMATELY 8063. THE LIBRARY HAS SEEN INCREASE DEMAND FORLIBRARY SERVICES DUE TO THE RECENT OIL BOOM IN THE EAGLE FORD SHALE. MAJOR PROJECT IS THE SUMMER READING PROGRAM FOR THE CHILDREN OF THE COMMUNITY. PROVIDE LIBRARY OUTREACH SERVICES TO THE COMMUNITY OF ENCINAL TEXAS WITH A BRANCH LIBRARY PROVIDED BT LA SALLE COUNTY. CONTINUED SERVICES OF OVERDRIVE ACCESS TO EBOOKS, DIGITAL AUDIOBOOKS BOOKS AND MORE,

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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 $211,999

Program Service Revenue $0

Investment Income $430

Other Revenue $0

TOTAL REVENUE $212,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,958

Fundraising Expenses $0

Program Expenses $133,696

Other Expenses $61,738

TOTAL EXPENSES $133,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,429	$238,159	-0.1%
Expenses	$133,696	$150,239	-0.1%
Net Income	$78,733	$87,920	-0.1%

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

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

Total Directors

Key Employees

$66,845

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY WATSON	CHAIRMAN OF THE BOARD	3.00	Officer	$0	$0	$0
DENISE STOREY	TREASURER	3.00	Officer	$0	$0	$0
AMANDA SMITH	MEMBER	1.00	Director	$0	$0	$0
DARLENE MEYER	MEMBER	2.00	Director	$0	$0	$0
LANA JOHNSON	MEMBER	2.00	Director	$0	$0	$0
LAURA GOMEZ	MEMBER	2.00	Director	$0	$0	$0
THELMA TREVINO	MEMBER	2.00	Director	$0	$0	$0
NORA MARTINEZ	LIBRARY DIRECTOR	30.00	Key Emp Highest	$22,893	$0	$22,893
BETTIE G PATTERSON	LIBRARY CLERK	30.00	Key Emp	$19,700	$0	$19,700
GRACIELA CHAVEZ	LIBRARY CLERK	16.00	Key Emp	$9,554	$0	$9,554
MARIA YANEZ	LIBRARY CLERK	16.00	Key Emp	$8,608	$0	$8,608
DORA PERALES	LIBRARY CLERK	16.00	Key Emp	$6,090	$0	$6,090

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$212,429	$133,696	$526,530	$78,733
2022	$238,159	$150,239	$447,797	$87,920