PALACIOS LIBRARY INCORPORATED (EIN 741465813) - 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

1963

Legal Domicile

Phone

3619723234

Tax Period

2023-01-01 to 2023-12-31

PALACIOS LIBRARY INCORPORATED, founded in 1963, is a small nonprofit in the Education sector that reported $125K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $165K exceeded revenue, resulting in a 32% operating deficit.

Mission

PUBLIC LIBRARY SERVING PALACIOS AND BLESSING TEXAS AND SURROUNDING AREA WITH A POPULATION OF APPROXIMATELY 9200 PEOPLE AND 4000 4500 ACTIVE CARD HOLDERS

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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 $140,680

Program Service Revenue $4,704

Investment Income $-21,064

Other Revenue $674

TOTAL REVENUE $124,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,391

Fundraising Expenses $0

Program Expenses $121,733

Other Expenses $58,869

TOTAL EXPENSES $165,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,994	$179,618	-0.3%
Expenses	$165,260	$153,429	+0.1%
Net Income	$-40,266	$26,189	-2.5%

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

Total Directors

Key Employees

$37,086

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE BEHNKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CYNTHIA GARRETT	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
CATHY FIORINI	SECRETARY	0.50	Officer Director	$0	$0	$0
DEBI LOFF	TREASURER	0.50	Officer Director	$0	$0	$0
KAY LAWSON	DIRECTOR	0.50	Director	$0	$0	$0
PAT YEAGER	DIRECTOR	0.50	Director	$0	$0	$0
TWYLA GREER	DIRECTOR	0.50	Director	$0	$0	$0
MELAINIE DAILEY	DIRECTOR	0.50	Director	$0	$0	$0
BETTY BARTOSH	DIRECTOR	0.50	Director	$0	$0	$0
TASHA SANCHEZ	DIRECTOR	0.50	Director	$0	$0	$0
DONNA SCHULMAN	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW BAKER	DIRECTOR	0.50	Director	$0	$0	$0
VIKIJANE MOSIER	HEAD LIBRARIAN	40.00	Key Emp Highest	$37,086	$0	$37,086

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	No data	No data	No data	No data
2023	$124,994	$165,260	$773,855	$-40,266
2022	$179,618	$153,429	$814,121	$26,189
2021	$264,455	$166,535	$787,932	$97,920
2020	$183,837	$143,667	$708,560	$40,170
2019	$180,754	$161,014	$650,109	$19,740
2018	$180,521	$162,621	$630,738	$17,900

PALACIOS LIBRARY INCORPORATED