FRIENDS OF THE LUBBOCK PUBLIC LIBRARY INC (EIN 756063293) - 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

1967

Legal Domicile

Principal Officer

DIANNE IVY

Phone

8067752852

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE LUBBOCK PUBLIC LIBRARY INC, founded in 1967, is a small nonprofit that reported $283K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $245K left a modest 13% surplus.

Mission

TO FINANCIALLY CONTRIBUTE TO THE LUBBOCK LIBRARY SYSTEM AND PROMOTING ITS MANY PROGRAMS.

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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 $273,503

Program Service Revenue $0

Investment Income $9,903

Other Revenue $0

TOTAL REVENUE $283,406

Expense Breakdown

Grants Paid $182,697

Salaries & Benefits $0

Fundraising Expenses $54,854

Program Expenses $182,697

Other Expenses $62,642

TOTAL EXPENSES $245,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,406	$251,705	+0.1%
Expenses	$245,339	$178,602	+0.4%
Net Income	$38,067	$73,103	-0.5%

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

140

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
LAFONDA GERHART	DIRECTOR	15.00	Director	$0	$0	$0
TONY KITE	DIRECTOR	15.00	Director	$0	$0	$0
MAJORIE MALEK-AHMADI	DIRECTOR	15.00	Director	$0	$0	$0
SUSAN STACK	DIRECTOR	15.00	Director	$0	$0	$0
CATHY SYPERT	DIRECTOR	15.00	Director	$0	$0	$0
WALTER WILHOIT	DIRECTOR	15.00	Director	$0	$0	$0
BRIAN BEAUCHAMP	PRESIDENT	20.00	Officer	$0	$0	$0
DIANNE IVY	TREASURER	20.00	Officer	$0	$0	$0
LINDA MUEHLBRAD	VICE-PRESIDE	15.00	Officer	$0	$0	$0
LYNNE STRICKLAND	SECRETARY	15.00	Officer	$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	$283,406	$245,339	$649,703	$38,067
2022	$251,705	$178,602	$611,587	$73,103
2021	$261,730	$155,123	$537,785	$106,607
2020	$192,373	$192,806	$430,294	$-433
2019	$289,242	$248,898	$432,126	$40,344
2018	$288,967	$230,797	$391,466	$58,170

FRIENDS OF THE LUBBOCK PUBLIC LIBRARY INC