OCEANIC FREE LIBRARY ASSOCIATION (EIN 210644462) - 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

DOUG ROSSBACH

Phone

7328422692

Tax Period

2023-01-01 to 2023-12-31

OCEANIC FREE LIBRARY ASSOCIATION, founded in 1956, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $55K, a strong 23% operating margin.

Mission

TO PROVIDE BOOKS, PERIODICALS, AND VIDEOS TO THE COMMUNITY.

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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 $195,979

Program Service Revenue $2,809

Investment Income $30,045

Other Revenue $7,487

TOTAL REVENUE $236,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,163

Fundraising Expenses $19,405

Program Expenses $141,196

Other Expenses $98,498

TOTAL EXPENSES $181,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,320	$207,890	+0.1%
Expenses	$181,661	$183,905	0.0%
Net Income	$54,659	$23,985	+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

Volunteers

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
PAULA BLOCK BRALOW	President	1.00	Officer Director	$0	$0	$0
MARGOT O'CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA SPERBER	Secretary	1.00	Officer Director	$0	$0	$0
DOUG ROSSBACH	Treasurer	1.00	Officer Director	$0	$0	$0
JOY NOVA JONES	President	1.00	Officer Director	$0	$0	$0
ANN ROSSBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY HAAREN-SCHUSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARA HORNER	Secretary	1.00	Director	$0	$0	$0
MAIREAD CLIFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY GRUBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN DELASZLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF FRIEDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN JACOBSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TEDDI SMITH	BOARD MEMBER	1.00	Director	$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	No data	No data	No data	No data
2023	$236,320	$181,661	$984,250	$54,659
2022	$207,890	$183,905	$929,508	$23,985
2021	$262,918	$206,917	$905,484	$56,001
2020	$254,652	$167,113	$849,262	$87,539
2019	$189,069	$164,994	$742,407	$24,075
2018	$203,440	$176,797	$718,332	$26,643

OCEANIC FREE LIBRARY ASSOCIATION