The Friends of the Georgetown Public Library

EIN: 742627305 501(c)(3) Education

Georgetown, TX

Total Revenue
$222,420
Total Expenses
$149,489
Total Assets
$270,447
Net Assets
$267,635
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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
2006
Legal Domicile
TX
Tax Period
2021-10-01 to 2022-09-30

The Friends of the Georgetown Public Library, founded in 2006, is a small nonprofit in the Education sector that reported $222K in total revenue in fiscal year 2021. The organization ran a surplus of $73K, a strong 33% operating margin.

Mission

To support community library

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $214,898
Program Service Revenue $0
Investment Income $0
Other Revenue $7,522
TOTAL REVENUE $222,420

Expense Breakdown

Grants Paid $95,311
Salaries & Benefits $0
Fundraising Expenses $15,881
Program Expenses $95,311
Other Expenses $38,297
TOTAL EXPENSES $149,489

Year-over-Year Comparison

2021 2020 Change
Revenue $222,420 N/A N/A
Expenses $149,489 N/A N/A
Net Income $72,931 N/A N/A
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
0
$0
Key Employees
4
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Ouellette Treasurer 12.00
Officer Key Emp
$0 $0 $0
Connie Mayes Assistant Treasurer 12.00
Officer Key Emp
$0 $0 $0
Chuck Collins President 12.00
Officer Key Emp
$0 $0 $0
Kathleen Yancy Secretary 12.00
Officer Key Emp
$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
2022 $222,420 $149,489 $270,447 $72,931
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