TEXAS LIBRARY ASSOCIATION

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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

1902

Legal Domicile

Principal Officer

SHIRLEY ROBINSON

Phone

5123281518

Tax Period

2024-01-01 to 2024-12-31

TEXAS LIBRARY ASSOCIATION, founded in 1902, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $692K, a strong 17% operating margin.

Mission

TEXAS LIBRARY ASSOCIATION (TLA) WAS ESTABLISHED IN 1902 TO PROMOTE, SUPPORT, AND IMPROVE LIBRARY SERVICES IN TEXAS.

Program Service Accomplishments

Program 1

Expenses: $2,858,852 Revenue: $3,237,133

TLA PROMOTES LIBRARY SERVICES IN TEXAS THROUGH CONFERENCES, LEADERSHIP ACTIVITIES AND PUBLICATION TO ADVANCE THE PROFESSION. REVENUE COMES PRIMARILY FROM MEMBERSHIP DUES AND TRAINING, ACTIVITIES AND...

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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 $427,526

Program Service Revenue $3,239,617

Investment Income $360,582

Other Revenue $74,513

TOTAL REVENUE $4,102,238

Expense Breakdown

Grants Paid $72,776

Salaries & Benefits $1,193,654

Fundraising Expenses $60,895

Program Expenses $2,858,852

Other Expenses $2,143,601

TOTAL EXPENSES $3,410,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,102,238	$3,542,101	+0.2%
Expenses	$3,410,031	$3,026,542	+0.1%
Net Income	$692,207	$515,559	+0.3%

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

800

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

$199,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH AM HOWARD	PRESIDENT	10.00	Officer Director	$0	$0	$0
VALERIE PRILOP	PRESIDENT - ELECT	10.00	Officer Director	$0	$0	$0
GRETCHEN PRUETT	PAST PRESIDENT	10.00	Officer Director	$0	$0	$0
MONICA BABAIAN	ALA COUNCILOR	10.00	Director	$0	$0	$0
BEA SABA	TREASURER	10.00	Officer Director	$0	$0	$0
JILL BELLOMY	MEMBER-AT-LARGE	10.00	Director	$0	$0	$0
ISRAEL FAVELA	MEMBER-AT-LARGE	10.00	Director	$0	$0	$0
MELISSA RIPPY	MEMBER-AT-LARGE	10.00	Director	$0	$0	$0
CYNTHIA RODRIGUEZ	MEMBER-AT-LARGE	10.00	Director	$0	$0	$0
EMMA MCDONALD	MEMBER-AT-LARGE	10.00	Director	$0	$0	$0
SHIRLEY ROBINSON	EXECUTIVE DIRECTOR	40.00	Officer	$185,702	$13,360	$199,062
WENDY WOODLAND	DIRECTOR OF ADVOCACY & COM	40.00	Highest	$109,261	$12,649	$121,910

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	$4,102,238	$3,410,031	$7,360,959	$692,207
2023	$3,542,101	$3,026,542	$6,095,734	$515,559
2022	$3,498,265	$2,840,661	$5,236,986	$657,604
2022	$935,486	$1,089,364	$5,765,811	$-153,878
2021	$3,134,246	$1,824,235	$5,550,628	$1,310,011
2020	$2,023,532	$2,167,856	$3,885,906	$-144,324
2019	$3,555,522	$3,133,913	$3,826,419	$421,609
2018	$3,593,966	$3,449,999	$3,487,918	$143,967