RANCHO MIRAGE LIBRARY & OBSERVATORY FOUNDATION

EIN: 273559025 501(c)(3) Education

RANCHO MIRAGE, CA

Total Revenue
$743,134
Total Expenses
$522,842
Total Assets
$2,716,658
Net Assets
$2,716,658
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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
2010
Legal Domicile
CA
Principal Officer
STEPHEN DOWNS
Phone
7607703207
Tax Period
2023-07-01 to 2024-06-30

RANCHO MIRAGE LIBRARY & OBSERVATORY FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $743K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 30% operating margin.

Mission

TO FUND-RAISE FOR SUPPLEMENTAL FUNDING FOR RANCHO MIRAGE LIBRARY & OBSERVATORY FOUNDATION PROGRAMS AND COLLECTIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $711,808
Program Service Revenue $0
Investment Income $31,326
Other Revenue $0
TOTAL REVENUE $743,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $479,315
Other Expenses $522,842
TOTAL EXPENSES $522,842

Year-over-Year Comparison

2023 2022 Change
Revenue $743,134 $499,274 +0.5%
Expenses $522,842 $468,281 +0.1%
Net Income $220,292 $30,993 +6.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
50

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
8
$441,431
Total Directors
12
$139,980
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN DOWNS MAYOR (NOV-JUN) 1.00
Officer Director
$0 $31,371 $71,594
ROBERT MOON TREASURER 2.00
Officer Director
$0 $0 $0
PETER SAMUELS BOARD MEMBER (JUNE) 2.00
Director
$0 $0 $0
ALISON SOLTYSIAK SECRETARY (JUL-FEB) 2.00
Officer Director
$0 $0 $0
LESLIE USOW BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTINE HUGHES BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICE MERRITT CHAIR 2.00
Officer Director
$0 $0 $0
JAMES SOWA VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARY WILLIS-YOSHIOKA SECRETARY (FEB-JUN) 2.00
Officer Director
$0 $0 $0
RICHARD KITE MAYOR (JUL-OCT) 1.00
Officer Director
$0 $29,235 $68,386
GARY GALTON BOARD MEMBER 2.00
Director
$0 $0 $0
LUCY TAGMYER BOARD MEMBER 2.00
Director
$0 $0 $0
AARON ESPINOZA EXECUTIVE DIRECTOR 10.00
Officer
$0 $45,718 $301,451
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 $743,134 $522,842 $2,716,658 $220,292
2023 $499,274 $468,281 $2,432,342 $30,993
2022 $503,778 $337,482 $2,110,142 $166,296
2021 $270,966 $231,276 $2,066,903 $39,690
2020 $452,664 $352,907 $2,027,307 $99,757
2019 $387,493 $335,168 $1,928,866 $52,325
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