NICHOLAS P SIMS LIBRARY

EIN: 750843193 501(c)(3)

WAXAHACHIE, TX

Total Revenue
$1,552,174
Total Expenses
$1,627,125
Total Assets
$6,337,425
Net Assets
$5,956,862
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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
1905
Legal Domicile
TX
Principal Officer
MARGARET MORGAN
Phone
9729372671
Tax Period
2024-10-01 to 2025-09-30

NICHOLAS P SIMS LIBRARY, founded in 1905, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Net assets of $6.0M represent 46 months of operating reserves.

Mission

BOOK CIRCULATION AND STAFF SERVICES TO THE PUBLIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,465,940
Program Service Revenue $23,714
Investment Income $61,697
Other Revenue $823
TOTAL REVENUE $1,552,174

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,056,377
Fundraising Expenses $0
Program Expenses $1,348,774
Other Expenses $570,748
TOTAL EXPENSES $1,627,125

Year-over-Year Comparison

2024 2023 Change
Revenue $1,552,174 $1,515,990 +0.0%
Expenses $1,627,125 $1,420,622 +0.1%
Net Income $-74,951 $95,368 -1.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
22
Volunteers
20

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT AUTHIER SEC/TREASURE N/A
Director
$0 $0 $0
JEFF BULLOCK TRUSTEE N/A
Director
$0 $0 $0
EVELYN COLEMAN VICE PRESIDE N/A
Officer Director
$0 $0 $0
BETH BEVANS DUENAS TRUSTEE N/A
Director
$0 $0 $0
JESSE GIBSON TRUSTEE N/A
Director
$0 $0 $0
MARGARET MORGAN PRESIDENT N/A
Officer Director
$0 $0 $0
WINNIE O'DONNELL TRUSTEE N/A
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 $1,552,174 $1,627,125 $6,337,425 $-74,951
2024 $1,515,990 $1,420,622 $6,031,819 $95,368
2023 $1,303,081 $1,341,785 $5,772,817 $-38,704
2022 $1,456,902 $1,181,207 $6,016,321 $275,695
2021 $1,248,886 $1,171,633 $5,740,625 $77,253
2020 $1,800,434 $1,130,561 $5,663,371 $669,873
2019 $1,914,669 $1,209,705 $4,999,633 $704,964
2018 $1,342,022 $1,162,440 $4,293,972 $179,582
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