Friends of the Rowlett Public Library (EIN 752235105) - 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

1988

Legal Domicile

Principal Officer

Stanley Pollard

Phone

9724751058

Tax Period

2023-01-01 to 2023-12-31

Friends of the Rowlett Public Library, founded in 1988, is a micro nonprofit that reported $19K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 12% operating deficit.

Mission

To support the Rowlett Public Library and other exempt organizations.

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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 $836

Program Service Revenue $0

Investment Income $1,335

Other Revenue $16,617

TOTAL REVENUE $18,788

Expense Breakdown

Grants Paid $19,193

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,022

Other Expenses $1,928

TOTAL EXPENSES $21,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,788	$24,071	-0.2%
Expenses	$21,121	$8,101	+1.6%
Net Income	$-2,333	$15,970	-1.1%

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

N/A

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
Jerry Hickman	President	005.00	Officer Director	$0	$0	$0
Virginia Pollard	Secretary	005.00	Officer Director	$0	$0	$0
Stanley Pollard	Treasurer	005.00	Officer Director	$0	$0	$0
Kathy Hammonds	Parliamentarian	002.00	Director	$0	$0	$0
Mack Engen	Board member	002.00	Director	$0	$0	$0
Betty Engen	Vice President	005.00	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
2024	No data	No data	No data	No data
2023	$18,788	$21,121	$110,818	$-2,333
2022	$24,071	$8,101	$113,151	$15,970
2021	$28,259	$1,585	$97,181	$26,674
2020	$36,037	$1,304	$70,507	$34,733
2019	$19,318	$6,836	$35,774	$12,482
2018	$8,883	$6,958	$24,092	$1,925

Friends of the Rowlett Public Library