WASHINGTON LIBRARY ASSOCIATION (EIN 910877878) - 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

1956

Legal Domicile

Principal Officer

SARAH LOGAN

Phone

2068231138

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON LIBRARY ASSOCIATION, founded in 1956, is a small nonprofit in the Education sector that reported $273K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $327K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE WASHINGTON LIBRARY ASSOCIATION LEADS, ADVOCATES, EDUCATES, AND CONNECTS.

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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 $140,612

Program Service Revenue $127,262

Investment Income $4,841

Other Revenue $627

TOTAL REVENUE $273,342

Expense Breakdown

Grants Paid $4,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,972

Other Expenses $322,271

TOTAL EXPENSES $326,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,342	$296,972	-0.1%
Expenses	$326,871	$320,099	+0.0%
Net Income	$-53,529	$-23,127	+1.3%

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

N/A

Volunteers

125

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
SARAH LOGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH BROWN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
STEVEN BAILEY	ALA COUNCILOR	1.00	Director	$0	$0	$0
MURIEL WHEATLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JOHANNA JACOBSEN-KICIMAN	PAST PRESIDENT	1.00	Director	$0	$0	$0
ELIZABETH ROBERTS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JUDY PITCHFORD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
RICKEY BARNETT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL ELLISON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KATE LAUGHLIN	STRATEGIC ADVISOR	20.00	Officer	$0	$0	$0
BRIANNA HOFFMAN	EXECUTIVE DIRECTOR UNTIL 072025	40.00	Officer	$0	$0	$0
LESLEY BOURNE	INTERIM EXECUTIVE FROM 072025	40.00	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	$273,342	$326,871	$187,190	$-53,529
2023	$296,972	$320,099	$258,477	$-23,127
2022	$252,623	$369,378	$233,482	$-116,755
2021	$157,452	$238,332	$400,610	$-80,880
2020	$264,821	$233,663	$468,008	$31,158

WASHINGTON LIBRARY ASSOCIATION