FRIENDS OF THE MARIN COUNTY FREE LIBRARY (EIN 237098721) - 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

1969

Legal Domicile

Principal Officer

Virginia Schultz

Phone

4157854223

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE MARIN COUNTY FREE LIBRARY, founded in 1969, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

(1) Focus public attention on and generate community support for the services, facilities and other needs of the Marin County Free Library; (2) expand opportunities for the education and well-being of the community; (3) encourage literacy; and (4) assist in obtaining financial support 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 (2023)

Revenue Breakdown

Contributions & Grants $233,490

Program Service Revenue $0

Investment Income $905

Other Revenue $0

TOTAL REVENUE $234,395

Expense Breakdown

Grants Paid $121,964

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,338

Other Expenses $108,244

TOTAL EXPENSES $230,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,395	$183,878	+0.3%
Expenses	$230,208	$298,045	-0.2%
Net Income	$4,187	$-114,167	-1.0%

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
Virginia Schultz	President	6	Officer Director	$0	$0	$0
Julia Noble	Vice President & Chapter Representative	3	Officer Director	$0	$0	$0
Lynn MacDermott	Treasurer	5	Officer Director	$0	$0	$0
Barbara Madrid	At-Large Board Member & Book Store Manager	20	Director	$0	$0	$0
Patricia Hess	At-Large Board Member & Newsletter Editor	3	Director	$0	$0	$0
Cindy Swift	At-Large Board Member	2	Director	$0	$0	$0
Penny Wells	Chapter Representative	2	Director	$0	$0	$0
Susan Brandborg	Chapter Representative	2	Director	$0	$0	$0
Carol Teller	Chapter Representative	10	Director	$0	$0	$0
Freddy Cobey	Chapter Representative	2	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
2025	No data	No data	No data	No data
2024	$234,395	$230,208	$393,432	$4,187
2023	$183,878	$298,045	$389,245	$-114,167
2022	$273,698	$257,076	$503,412	$16,622
2021	$170,103	$139,261	$486,790	$30,842

FRIENDS OF THE MARIN COUNTY FREE LIBRARY