COMFORT PUBLIC LIBRARY INC (EIN 742241745) - 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

1978

Legal Domicile

Principal Officer

RACHEL ALLDREDGE

Phone

8309952398

Tax Period

2024-01-01 to 2024-12-31

COMFORT PUBLIC LIBRARY INC, founded in 1978, is a small nonprofit in the Education sector that reported $263K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $293K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE COMPLETE LIBRARY SERVICE FOR THE COMMUNITY OF COMFORT TEXAS AND SURROUNDING AREAS.

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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 $232,854

Program Service Revenue $11,557

Investment Income $8,038

Other Revenue $10,554

TOTAL REVENUE $263,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,100

Fundraising Expenses $9,907

Program Expenses $205,081

Other Expenses $148,964

TOTAL EXPENSES $293,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,003	$322,691	-0.2%
Expenses	$293,064	$263,888	+0.1%
Net Income	$-30,061	$58,803	-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

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

$48,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON SAVARY	PRESIDENT	3.00	Officer Director	$0	$0	$0
RACHEL ALLDREDGE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KRISTIN CONNER	SECRETARY	3.00	Officer Director	$0	$0	$0
JAYNE UNDERWOOD	DIRECTOR	3.00	Director	$0	$0	$0
KIM EVANS	LIBRARY DIRECTOR	32.00	Director	$48,298	$0	$48,298
MELISSA BUSBEE	TREASURER	3.00	Officer Director	$0	$0	$0
CARLA EARNHARDT	DIRECTOR	3.00	Director	$0	$0	$0
TONY HASLAM	DIRECTOR	3.00	Director	$0	$0	$0
PHILLIP PERRY	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN CARLSON	DIRECTOR	3.00	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
2024	$263,003	$293,064	$2,084,278	$-30,061
2023	$322,691	$263,888	$2,079,215	$58,803
2022	$361,644	$265,345	$2,060,897	$96,299
2021	$524,923	$232,935	$1,948,429	$291,988
2020	$256,472	$217,888	$1,656,441	$38,584
2019	$251,185	$222,470	$1,617,856	$28,715
2018	$233,050	$214,894	$1,582,844	$18,156

COMFORT PUBLIC LIBRARY INC