WESTFIELD LIBRARY FOUNDATION INC (EIN 843494287) - 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

2019

Legal Domicile

Principal Officer

BRIAN HEATON

Tax Period

2024-01-01 to 2024-12-31

WESTFIELD LIBRARY FOUNDATION INC, founded in 2019, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. The organization ran a surplus of $40K, a strong 16% operating margin.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $177,671

Program Service Revenue $60,968

Investment Income $5,344

Other Revenue $976

TOTAL REVENUE $244,959

Expense Breakdown

Grants Paid $129,249

Salaries & Benefits $0

Fundraising Expenses $2,205

Program Expenses $187,669

Other Expenses $75,502

TOTAL EXPENSES $204,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,959	N/A	N/A
Expenses	$204,751	N/A	N/A
Net Income	$40,208	N/A	N/A

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
ERIN DOWNEY	EXECUTIVE DI	2.00	Director	$0	$0	$0
KATIE ELLIS	DIRECTOR	2.00	Director	$0	$0	$0
ANDY MONTGOMERY	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN SILER	DIRECTOR	2.00	Director	$0	$0	$0
SHERYL SOLLARS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
ANUAR VELAZQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HEATON	PRESIDENT	2.00	Officer	$0	$0	$0
JACK RUSSELL	VICE PRESIDE	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
2024	$244,959	$204,751	$225,488	$40,208

WESTFIELD LIBRARY FOUNDATION INC