PALM SPRINGS PUBLIC LIBRARY FOUNDATION (EIN 472910849) - 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

2014

Legal Domicile

Principal Officer

BILL WYLIE

Phone

9416453771

Tax Period

2025-01-01 to 2025-06-30

PALM SPRINGS PUBLIC LIBRARY FOUNDATION, founded in 2014, is a small nonprofit in the Education sector that reported $199K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 27% operating margin.

Mission

THE PALM SPRINGS PUBLIC LIBRARY FOUNDATION AIMS TO SUPPORT THE PALM SPRINGS PUBLIC LIBRARY AND TO INCREASE AND BROADEN ITS USE AS A CULTURAL AND EDUCATIONAL INSTITUTION THROUGH FINANCIAL SUPPORT SECURING ITS PLACE AS AN ESSENTIAL COMMUNITY RESOURCE. ENSURING LOCAL ACCESS TO HIGH-QUALITY LIBRARY SERVICES FOR GENERATIONS REQUIRES MORE THAN JUST PUBLIC FUNDING. ALTHOUGH PUBLIC FUNDS MAKE LIBRARIES POSSIBLE, IT IS PRIVATE GIFTS THAT MAKE THEM FLOURISH.

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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 $169,300

Program Service Revenue $24,233

Investment Income $5,150

Other Revenue $0

TOTAL REVENUE $198,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $20,285

Program Expenses $105,233

Other Expenses $145,803

TOTAL EXPENSES $145,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,683	$349,798	-0.4%
Expenses	$145,803	$242,758	-0.4%
Net Income	$52,880	$107,040	-0.5%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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
BILL WYLIE	PRESIDENT	5.00	Officer Director	$0	$0	$0
DR BETSY SMALLEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GARY GRACE	TREASURER	5.00	Officer Director	$0	$0	$0
HOLLY GRAY	SERETARY	5.00	Officer 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	$198,683	$145,803	$357,959	$52,880
2024	$349,798	$242,758	$306,555	$107,040
2023	$51,332	$34,974	$190,253	$16,358

PALM SPRINGS PUBLIC LIBRARY FOUNDATION