WESTFIELD LIBRARY FOUNDATION INC

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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

2019

Legal Domicile

Principal Officer

BRIAN HEATON

Tax Period

2025-01-01 to 2025-12-31

WESTFIELD LIBRARY FOUNDATION INC, founded in 2019, is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2025. The organization ran a surplus of $103K, a strong 42% operating margin.

Mission

THE WESTFIELD LIBRARY FOUNDATION WORKS TO ADVOCATE, ELEVATE AND RAISE FUNDS FOR THE WESTFIELD WASHINGTON PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $103,580

THE WESTFIELD LIBRARY FOUNDATION WORKS TO ADVOCATE, ELEVATE AND RAISE FUNDS FOR THE WESTFIELD WASHINGTON PUBLIC LIBRARY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $208,200

Program Service Revenue $0

Investment Income $6,568

Other Revenue $26,839

TOTAL REVENUE $241,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,323

Program Expenses $103,580

Other Expenses $139,039

TOTAL EXPENSES $139,039

Year-over-Year Comparison

	2025	2024	Change
Revenue	$241,607	$244,959	0.0%
Expenses	$139,039	$204,751	-0.3%
Net Income	$102,568	$40,208	+1.6%

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	Role	Reportable Comp	Other Comp	Total
SCOTT CAULFIELD	DIRECTOR	2.00	Director	$0	$0	$0
ERIN DOWNEY	EXECUTIVE DI	40.00	Director	$0	$0	$0
GREG GOTWALD	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE GOETZ MILLS	DIRECTOR	2.00	Director	$0	$0	$0
ANDY MONTGOMERY	DIRECTOR	2.00	Director	$0	$0	$0
SHERYL SOLLARS	DIRECTOR	2.00	Director	$0	$0	$0
ANUAR VELAZQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
STACEY WILLIS	DIRECTOR	2.00	Director	$0	$0	$0
KATIE ELLIS	VICE PRESIDE	2.00	Officer	$0	$0	$0
BRIAN HEATON	PRESIDENT	2.00	Officer	$0	$0	$0
THOMAS WAGNER	TREASURER	2.00	Officer	$0	$0	$0
MAUREEN WARREN	SECRETARY	2.00	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
2025	$241,607	$139,039	$328,054	$102,568
2024	$244,959	$204,751	$225,488	$40,208