LIBRARY FOUNDATION OF LAMPASAS TEXAS (EIN 743001615) - 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

2001

Legal Domicile

Principal Officer

JENNIFER WALKER

Phone

5125563251

Tax Period

2023-01-01 to 2023-12-31

LIBRARY FOUNDATION OF LAMPASAS TEXAS, founded in 2001, is a micro nonprofit in the Education sector that reported $54K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $9K, a strong 17% operating margin.

Mission

THE EXEMPT PURPOSE OF THE CORPORATION IS THE ADVANCEMENT OF EDUCATION IN LAMPASAS COUNTY BY RAISING FUNDS TO BE USED BY THE LAMPASAS PUBLIC 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,469

Program Service Revenue $0

Investment Income $112

Other Revenue $0

TOTAL REVENUE $53,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,476

Other Expenses $44,706

TOTAL EXPENSES $44,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,581	$63,659	-0.2%
Expenses	$44,706	$41,147	+0.1%
Net Income	$8,875	$22,512	-0.6%

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

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
SUSAN BROWDER	TREASURER	3.00	Officer Director	$0	$0	$0
LUCY WALKER	DIRECTOR	0.50	Director	$0	$0	$0
SHIRLEY WILBORN	DIRECTOR	0.50	Director	$0	$0	$0
KATHY GRIFFIS-BAILY	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDY G LANSFORD	DIRECTOR	0.50	Director	$0	$0	$0
SARAH F GOUAK	DIRECTOR	0.50	Director	$0	$0	$0
MARY K HOYER	DIRECTOR	0.50	Director	$0	$0	$0
RUTH MARTIN	ASST. TREASURER	1.00	Officer Director	$0	$0	$0
SHERYL HAUSMANN	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER WALKER	PRESIDENT	3.00	Officer Director	$0	$0	$0
SARAH WATSON	V PRESIDENT	1.00	Officer Director	$0	$0	$0
D'ANNE WILLIS	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN GERETY	DIRECTOR	0.50	Director	$0	$0	$0
LIBBY LANSFORD	DIRECTOR	0.50	Director	$0	$0	$0
MARCI TOMME	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$53,581	$44,706	$191,304	$8,875
2022	$63,659	$41,147	$182,429	$22,512
2022	$72,469	No data	No data	No data
2021	$77,679	$63,667	$159,917	$14,012
2020	$170,814	$134,056	$154,404	$36,758
2019	$30,975	$29,952	No data	$1,023
2018	$21,876	$22,811	$112,498	$-935

LIBRARY FOUNDATION OF LAMPASAS TEXAS