FRIENDS OF THE WACO PUBLIC LIBRARY (EIN 746063560) - 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

1901

Legal Domicile

Principal Officer

KEVIN LIGHTFOOT

Phone

2545486423

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE WACO PUBLIC LIBRARY, founded in 1901, is a micro nonprofit in the Education sector that reported $72K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $102K exceeded revenue, resulting in a 42% operating deficit.

Mission

ENHANCING THE PROGRAMS OF THE WACO PUBLIC LIBRARY SYSTEM.

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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 $3,956

Program Service Revenue $66,452

Investment Income $1,511

Other Revenue $0

TOTAL REVENUE $71,919

Expense Breakdown

Grants Paid $62,347

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,733

Other Expenses $39,712

TOTAL EXPENSES $102,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,919	$91,926	-0.2%
Expenses	$102,059	$67,482	+0.5%
Net Income	$-30,140	$24,444	-2.2%

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

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
VINCE ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
DREW TRIPLETT	TREASURER	1.00	Officer Director	$0	$0	$0
HENRY WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA CAMPOS-DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN LIGHTFOOT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN TANKERSLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
TY HERRING	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COPELAND	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL DESHONG	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI RHODES	DIRECTOR	1.00	Director	$0	$0	$0
MARGO SHANKS	DIRECTOR	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
2023	$71,919	$102,059	$307,159	$-30,140
2022	$91,926	$67,482	$335,779	$24,444
2021	$103,379	$77,908	$307,523	$25,471
2020	$30,496	$41,296	$283,063	$-10,800
2019	$63,084	$79,216	$299,131	$-16,132
2018	$92,838	$69,459	$315,752	$23,379

FRIENDS OF THE WACO PUBLIC LIBRARY