THE FORT WORTH PUBLIC LIBRARY FOUNDATION (EIN 752486106) - 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

1993

Legal Domicile

Principal Officer

ANDREA ASH

Phone

8178718022

Tax Period

2024-01-01 to 2024-12-31

THE FORT WORTH PUBLIC LIBRARY FOUNDATION, founded in 1993, is a small nonprofit that reported $425K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $800K exceeded revenue, resulting in a 88% operating deficit.

Mission

THE MISSION OF THE FORT WORTH PUBLIC LIBRARY FOUNDATION IS TO INSPIRE, SECURE, AND GROW PHILANTHROPIC SUPPORT AND ADVOCACY TO BENEFIT THE FORT WORTH PUBLIC LIBRARY AND OUR DIVERSE COMMUNITY.

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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 $342,243

Program Service Revenue $0

Investment Income $68,207

Other Revenue $14,920

TOTAL REVENUE $425,370

Expense Breakdown

Grants Paid $234,842

Salaries & Benefits $368,377

Fundraising Expenses $193,556

Program Expenses $402,316

Other Expenses $196,362

TOTAL EXPENSES $799,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$425,370	$811,551	-0.5%
Expenses	$799,581	$724,341	+0.1%
Net Income	$-374,211	$87,210	-5.3%

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

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

$116,524

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOND MALONE	CHAIR	2.00	Officer Director	$0	$0	$0
VARUN MALLIPADDI	VICE CHAIR/T	1.00	Officer Director	$0	$0	$0
PAUL FARMER	SECRETARY	1.25	Officer Director	$0	$0	$0
JAKE SMITH	ASSISTANT TR	1.25	Officer Director	$0	$0	$0
DARIS FRENCHA	DIRECTOR	0.25	Director	$0	$0	$0
CORRIE HOOD-HOWARD	DIRECTOR	0.25	Director	$0	$0	$0
JULIA HUSEMAN	DIRECTOR	0.25	Director	$0	$0	$0
WALTER LITTLEJOHN	DIRECTOR	0.25	Director	$0	$0	$0
JOHN MONTGOMERY	DIRECTOR	0.25	Director	$0	$0	$0
CATHERINE NICHOLAS	DIRECTOR	0.25	Director	$0	$0	$0
KELSEY PICKEN	DIRECTOR	0.25	Director	$0	$0	$0
KAREN PRECELLA	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE ROSSOTTI	DIRECTOR	0.25	Director	$0	$0	$0
ELLEN YORIO	DIRECTOR	0.25	Director	$0	$0	$0
HAYDEN BLACKBURN	DIRECTOR	0.25	Director	$0	$0	$0
JONATHAN DEWEESE	DIRECTOR	0.25	Director	$0	$0	$0
JOHN MCKENZIE	DIRECTOR	0.25	Director	$0	$0	$0
DREW NEAL	DIRECTOR	0.25	Director	$0	$0	$0
ANDREA ASH	PRESIDENT &	40.00	Officer	$116,524	$0	$116,524

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	$425,370	$799,581	$1,728,814	$-374,211
2023	$811,551	$724,341	$1,919,563	$87,210
2022	$651,621	$655,933	$1,858,066	$-4,312
2021	$489,920	$548,203	$1,825,357	$-58,283
2020	$350,499	$580,370	$1,911,793	$-229,871
2019	$364,452	$526,411	$2,141,963	$-161,959
2018	$545,564	$526,189	$2,386,871	$19,375

THE FORT WORTH PUBLIC LIBRARY FOUNDATION