FRIENDS OF THE GOLETA VALLEY LIBRAR

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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

1967

Legal Domicile

Principal Officer

David Ristig

Phone

8052805775

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE GOLETA VALLEY LIBRAR, founded in 1967, is a small nonprofit that reported $120K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $234K exceeded revenue, resulting in a 94% operating deficit.

Mission

Provide financial support to the Goleta Valley Library Goleta CA.

Program Service Accomplishments

Program 1

Expenses: $231,131 Revenue: $0

Support of educational programs book purchases equipment purchases and other needs as requested by 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 (2025)

Revenue Breakdown

Contributions & Grants $103,566

Program Service Revenue $16,645

Investment Income $110

Other Revenue $0

TOTAL REVENUE $120,321

Expense Breakdown

Grants Paid $231,131

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,131

Other Expenses $2,465

TOTAL EXPENSES $233,596

Year-over-Year Comparison

	2025	2024	Change
Revenue	$120,321	$165,980	-0.3%
Expenses	$233,596	$198,516	+0.2%
Net Income	$-113,275	$-32,536	+2.5%

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

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
Michelle Garbarino	Hospitality	2.00	Officer	$0	$0	$0
Anne Ashmore	Treasurer	8.00	Officer	$0	$0	$0
Jane Mahela MorrowJones	Publicity	3.00	Officer	$0	$0	$0
David Ristig	President	10.00	Officer	$0	$0	$0
Corinne Horowitz	Director	3.00	Officer	$0	$0	$0
Emma Fuentes	Director	2.00	Officer	$0	$0	$0
Ellen Goldman	Director	2.00	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	$120,321	$233,596	$878,388	$-113,275
2024	$165,980	$198,516	$939,358	$-32,536
2023	$169,981	$80,586	$904,627	$89,395
2022	$145,531	$113,498	$755,410	$32,033
2021	$122,799	$73,619	$755,576	$49,180
2020	$121,912	$110,533	$663,671	$11,379
2018	$113,181	$91,652	$533,225	$21,529