FRIENDS OF THE HERMAN BROWN 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

1999

Legal Domicile

Principal Officer

GARETT ROWE

Phone

5125890103

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF THE HERMAN BROWN LIBRARY, founded in 1999, is a small nonprofit in the Education sector that reported $648K in total revenue in fiscal year 2024. Revenue surged 259% from the prior year, signaling strong growth momentum. The organization ran a surplus of $476K, a strong 74% operating margin.

Mission

TO PROVIDE FUNDS FOR THE OPERATIONS OF THE PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $162,313 Revenue: $89,724

TO SUPPORT THE BURNET COUNTY PUBLIC LIBRARY LOCATED IN THE CITY OF BURNET. POPULATION APPROXIMATELY 5,000

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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 $94,114

Program Service Revenue $129

Investment Income $551,092

Other Revenue $2,409

TOTAL REVENUE $647,744

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $70,680

Fundraising Expenses $0

Program Expenses $162,313

Other Expenses $50,653

TOTAL EXPENSES $171,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,744	$180,581	+2.6%
Expenses	$171,333	$269,026	-0.4%
Net Income	$476,411	$-88,445	-6.4%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH DRAKE	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHRYN MCNALLY	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
COLLEEN DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARRETT ROWE	TREASURER	1.00	Officer Director	$0	$0	$0
NENA HOOVER	MEMBER	1.00	Director	$0	$0	$0
ROGER MOORE	MEMBER	1.00	Director	$0	$0	$0
WENDY THOMPSON	MEMBER	1.00	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
2025	$647,744	$171,333	$710,987	$476,411
2024	$180,581	$269,026	$236,855	$-88,445
2023	$192,968	$222,386	$325,952	$-29,418
2022	$218,730	$210,007	$356,864	$8,723
2021	$218,078	$215,024	$346,911	$3,054
2020	$161,129	$178,707	$344,102	$-17,578
2019	$191,398	$165,938	$360,898	$25,460
2018	$240,755	$199,118	$334,978	$41,637