FRIENDS OF THE LAFAYETTE LIBRARY AND LEARNING CENTER (EIN 946120080) - 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

1939

Legal Domicile

Principal Officer

ELIZABETH DAMERON

Phone

5103506569

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE LAFAYETTE LIBRARY AND LEARNING CENTER, founded in 1939, is a small nonprofit that reported $177K in total revenue in fiscal year 2023. Net assets of $430K represent 29 months of operating reserves.

Mission

TO SUPPORT PROGRAMS,COLLECTIONS AND SERVICES OF THE LAFAYETTE LIBRARY AND LEARNING CENTER.

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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 $167,863

Program Service Revenue $0

Investment Income $9,303

Other Revenue $0

TOTAL REVENUE $177,166

Expense Breakdown

Grants Paid $72,377

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,627

Other Expenses $107,813

TOTAL EXPENSES $180,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,166	$168,408	+0.1%
Expenses	$180,190	$174,113	+0.0%
Net Income	$-3,024	$-5,705	-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

110

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
SHARON LINGANE	DIRECTOR	10.00	Director	$0	$0	$0
FRANCIE WISE	DIRECTOR	20.00	Director	$0	$0	$0
LAURIE MILES	DIRECTOR	8.00	Director	$0	$0	$0
CAROL SINGER	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN HOLT	DIRECTOR	1.00	Director	$0	$0	$0
RUTH THORNBURG	DIRECTOR	1.50	Director	$0	$0	$0
ELLEN REINTJES	DIRECTOR	5.00	Director	$0	$0	$0
KAY PEKRUL	DIRECTOR	4.00	Director	$0	$0	$0
DOROTHY WALKER	DIRECTOR	3.50	Director	$0	$0	$0
MARY ANN HOISINGTON	DIRECTOR	2.00	Director	$0	$0	$0
LITA MATHY	DIRECTOR	8.00	Director	$0	$0	$0
MARY MCCOSKER	DIRECTOR	3.50	Director	$0	$0	$0
CAROL RIES	DIRECTOR	1.50	Director	$0	$0	$0
CAZ CAZANOV	PRESIDENT	16.50	Officer	$0	$0	$0
CHERRY SPRAGUE	VICE PRESIDENT	3.00	Officer	$0	$0	$0
LAURIE PHILLIPS	IMMEDIATE PAST PRESIDENT	2.00	Officer	$0	$0	$0
RALPH ANTHONY	TREASURER	4.00	Officer	$0	$0	$0
RICHARD MILES	ASSISTANT TREASURER	4.00	Officer	$0	$0	$0
TEDDI ALEXANDER	ASSISTANT TREASURER	1.00	Officer	$0	$0	$0
BRIGITTE GWIN	RECORDING AND CORRESPONDING SECRETARY	2.75	Officer	$0	$0	$0
ELIZABETH DAMERON	ASSISTANT TREASURER	3.00	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	No data	No data	No data	No data
2024	$177,166	$180,190	$472,224	$-3,024
2023	$168,408	$174,113	$445,764	$-5,705
2022	$156,320	$86,973	$428,083	$69,347
2021	$65,668	$81,194	$360,477	$-15,526
2020	$130,979	$124,680	$353,609	$6,299
2019	$160,072	$175,761	$352,371	$-15,689

FRIENDS OF THE LAFAYETTE LIBRARY AND LEARNING CENTER