Friends of Borrego Springs Library

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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

2001

Legal Domicile

Principal Officer

Sherrilynn Polanco

Tax Period

2019-01-01 to 2019-12-31

Friends of Borrego Springs Library, founded in 2001, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $26K in total revenue in fiscal year 2019. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 26% operating margin.

Mission

Support for New Library for adult and children programs and book sales.

Program Service Accomplishments

Program 1

Expenses: $8,536 Revenue: $15,258

Program for Adults and ChildrenSummer Youth Programs, Music, Dance, Crafts, Chess Supplies, Storytelling for approximately 500 children.Adult Enrichent Programs-Travel Programs, Health, Current...

Program for Adults and ChildrenSummer Youth Programs, Music, Dance, Crafts, Chess Supplies, Storytelling for approximately 500 children.Adult Enrichent Programs-Travel Programs, Health, Current Events-approximately 1000 adults.

Program 2

Expenses: $7,103 Revenue: $7,103

Donations to sponser used book sales to community.

Program 3

Expenses: $3,450 Revenue: $3,450

Provide computer, books to Library Patrons.

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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 (2019)

Revenue Breakdown

Contributions & Grants $18,544

Program Service Revenue $7,103

Investment Income $164

Other Revenue $0

TOTAL REVENUE $25,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,089

Other Expenses $19,089

TOTAL EXPENSES $19,089

Year-over-Year Comparison

	2019	2018	Change
Revenue	$25,811	$314,837	-0.9%
Expenses	$19,089	$642,792	-1.0%
Net Income	$6,722	$-327,955	-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
Sherrilynn Polanco	President	8.00	Officer Director	$0	$0	$0
Sonja McGrath	Treasurer	4.00	Officer Director	$0	$0	$0
Larry Vescera	Vice President	4.00	Officer Director	$0	$0	$0
Larry Gilstrap	Secretary	4.00	Officer Director	$0	$0	$0
Dale Jones	Director	4.00	Director	$0	$0	$0
Paul Schuessler	Director	4.00	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
2019	$25,811	$19,089	$55,141	$6,722
2018	$314,837	$642,792	$73,419	$-327,955