FRIENDS OF FALMOUTH PUBLIC LIBRARY… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

ROBERT GILLIS

Phone

5085405645

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF FALMOUTH PUBLIC LIBRARY INC, founded in 1992, is a small nonprofit in the Education sector that reported $197K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 61% operating margin.

Mission

OUR PURPOSE IS TO SUPPORT AND ENHANCE THE PROGRAMS AND SERVICES OF THE FALMOUTH PUBLIC LIBRARY IN COOPERATION WITH THE STAFF AND LIBRARY TRUSTEES. WE ARE DEDICATED TO ADVANCING THE PROJECTS, PROGRAMS, AND SERVICES OF THE FALMOUTH PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $26,673 Revenue: $125,768

BOOK SALES-GENERAL PUBLIC ARE ABLE TO PURCHASE USED BOOKS NOT NEEDED BY THE LIBRARY.

Program 2

Expenses: $6,700

MUSEUM PASSES

Program 3

Expenses: $43,108

SPECIAL LIBRARY PROGRAMS AND OTHER OPERATING EXPENSES FOR THE 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 $22,656

Program Service Revenue $125,768

Investment Income $48,776

Other Revenue $0

TOTAL REVENUE $197,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,481

Other Expenses $77,661

TOTAL EXPENSES $77,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,200	$158,262	+0.2%
Expenses	$77,661	$72,505	+0.1%
Net Income	$119,539	$85,757	+0.4%

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

135

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
DEBBIE ORBACH	DIRECTOR	1.00	Director	$0	$0	$0
EDWINA YEE	PRESIDENT	3.00	Officer	$0	$0	$0
CAROLYN BRZEZINSKI	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DEBORAH WINOGRAD	CLERK	1.00	Officer	$0	$0	$0
ROBERT GILLIS	TREASURER	1.00	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	$197,200	$77,661	$901,567	$119,539
2024	$158,262	$72,505	$787,874	$85,757
2023	$130,472	$70,607	$659,924	$59,865
2022	$122,640	$67,411	$637,724	$55,229
2021	$49,076	$43,339	$592,003	$5,737

FRIENDS OF FALMOUTH PUBLIC LIBRARY INC