Recording Library of West Texas
Overview
Mission
To provide audio recordings to enrich the lives of people who cannot access the printed word.
What it reported doing in 2024
To provide audio recordings to enrich the lives of people who cannot access the printed word. The library served 518 people during 2024.
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 237075064
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- Midland, TX, USA
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.1%; rating input score 79
- Program expense ratio: 49.1%; rating input score 49
- Fundraising efficiency: $3.66 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -34.4%; rating input score 8; 8th percentile among comparable filings
- Operating reserve ratio: 2.06; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 7.5%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 79.1% of revenue deployed · 49.1% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $251K in reported program spending
- Leadership: top reported pay $38K · 8 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 14 annual filings from 2010 to 2024
- Money network: 1 filed money-flow record