ANNIE LEE THOMPSON LIBRARY TRUST FUND (EIN 746087355) - 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

1964

Legal Domicile

Principal Officer

MICHAEL DARROUZET

Phone

5123701490

Tax Period

2024-01-01 to 2024-12-31

ANNIE LEE THOMPSON LIBRARY TRUST FUND, founded in 1964, is a small nonprofit in the Education sector that reported $224K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $4.9M represent 262 months of operating reserves.

Mission

THE WILL OF ANNIE LEE THOMPSON SPECIFICALLY IDENTIFIES THAT THE PURPOSE OF FUND IS TO OPERATE/MAINTAIN THE MEDICAL LIBRARY OF TEXAS MEDICAL ASSOCIATION.

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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 $0

Program Service Revenue $0

Investment Income $223,565

Other Revenue $41

TOTAL REVENUE $223,606

Expense Breakdown

Grants Paid $88,477

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,477

Other Expenses $136,481

TOTAL EXPENSES $224,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,606	$238,580	-0.1%
Expenses	$224,958	$206,046	+0.1%
Net Income	$-1,352	$32,534	-1.0%

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

$1,471,993

Total Directors

$213,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G RAY CALLAS MD	PRES(24-25)/PRES-ELECT(23-24)	1.00	Officer Director	$0	$0	$134,833
RICHARD W SNYDER II MD	PRES(23-24)/IMMED PAST PRES(24-25)	1.00	Officer Director	$0	$0	$66,667
GARY W FLOYD MD	IMMED PAST PRES(23-24)	0.00	Officer Director	$0	$0	$0
JAYESH B SHAH MD	PRES-ELECT(24-25)/SECRETARY(23-24)	0.00	Officer Director	$0	$0	$0
JOSEPH S VALENTI MD	CHAIR (24-25)/VICE CHAIR (23-24)	1.00	Director	$0	$0	$6,000
KEITH A BOURGEOIS MD	CHAIR (23-24)	1.00	Director	$0	$0	$6,000
GREGORY M FULLER MD	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
BRADFORD W HOLLAND MD	SPEAKER OF THE HOUSE	0.00	Officer Director	$0	$0	$0
JOHN G FLORES MD	VICE SPEAKER OF THE HOUSE	0.00	Officer Director	$0	$0	$0
TONY R AVENTA MD	TRUSTEE	0.00	Director	$0	$0	$0
JOHN T CARLO MD	TRUSTEE	0.00	Director	$0	$0	$0
CYNTHIA A JUMPER MD	TRUSTEE	0.00	Director	$0	$0	$0
KIMBERLY E MONDAY MD MPH	TRUSTEE	0.00	Director	$0	$0	$0
BRADFORD S PATT MD	TRUSTEE	0.00	Director	$0	$0	$0
LISA L EHRLICH MD	TRUSTEE (23-24)	0.00	Director	$0	$0	$0
LEE ANN PEARSE MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
DEXTER G TURNQUEST MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
RODNEY B YOUNG MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
SAMUEL E MATHIS MD	YOUNG PHYSICIAN MBR (23-24)	0.00	Director	$0	$0	$0
ANDREW J WIDMER MD	YOUNG PHYSICIAN MBR (24-25)	0.00	Director	$0	$0	$0
SUBHAN TABBA MD	RESIDENT/FELLOW MBR (23-24)	0.00	Director	$0	$0	$0
PRUTHALI KULKARNI DO	RESIDENT/FELLOW MBR (24-25)	0.00	Director	$0	$0	$0
KATHERINE RUSSELL	MEDICAL STUDENT MBR (23-24)	0.00	Director	$0	$0	$0
PARMINDER DEO	MEDICAL STUDENT MBR (24-25)	0.00	Director	$0	$0	$0
MICHAEL J DARROUZET	CEO	1.00	Officer	$0	$47,544	$718,305
JOHN E DORMAN	COO	1.00	Officer	$0	$80,912	$552,188

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	$223,606	$224,958	$4,890,972	$-1,352
2023	$238,580	$206,046	$4,589,743	$32,534
2022	$182,133	$86,942	$4,216,415	$95,191
2021	$199,011	$78,034	$4,974,773	$120,977
2020	$119,111	$84,281	$4,442,764	$34,830
2019	$349,696	$94,537	$4,010,437	$255,159

ANNIE LEE THOMPSON LIBRARY TRUST FUND