FRIENDS OF LIBRARIES AND LITERACY INC (EIN 756022744) - 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

2010

Phone

4323496714

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF LIBRARIES AND LITERACY INC, founded in 2010, is a small nonprofit in the Education sector that reported $119K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 34% operating margin.

Mission

TO PROVIDE FINANCIAL AND OTHER FORMS OF SUPPORT TO WEST TEXAS LIBRARIES AND NON-PROFITS THAT PROMOTE EDUCATION AND LITERACY.

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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 $18,555

Program Service Revenue $0

Investment Income $11,550

Other Revenue $88,561

TOTAL REVENUE $118,666

Expense Breakdown

Grants Paid $42,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,000

Other Expenses $36,369

TOTAL EXPENSES $78,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,666	$79,607	+0.5%
Expenses	$78,369	$92,010	-0.1%
Net Income	$40,297	$-12,403	-4.2%

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	Reportable Comp	Other Comp	Total
MICHELLE RUBIO	PRESIDENT	12	$0	$0	$0
GENE PRINTZ	VICE-PRESIDENT	8	$0	$0	$0
ANN DIXON	SECRETARY	12	$0	$0	$0
MARGARET LEONARD	TREASURER	1	$0	$0	$0
MARY MCDOWELL	BOARD MEMBER	12	$0	$0	$0
DONNA WHITE	BOARD MEMBER	8	$0	$0	$0
RITA WOODS	BOARD MEMBER	8	$0	$0	$0
DIANNA CHRISTENSEN	BOARD MEMBER	8	$0	$0	$0
TARA WILSON	BOARD MEMBER	8	$0	$0	$0
OFELIA PALLANEZ	BOARD MEMBER	15	$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	No data	No data	No data	No data
2024	$118,666	$78,369	$536,110	$40,297
2021	$71,700	$47,378	$510,850	$24,322

FRIENDS OF LIBRARIES AND LITERACY INC