FRIENDS OF THE PALM SPRINGS LIBRARY (EIN 510142318) - 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

1975

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF THE PALM SPRINGS LIBRARY, founded in 1975, is a small nonprofit in the Education sector that reported $106K in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $1.2M represent 134 months of operating reserves.

Mission

PUBLIC LIBRARY AUXILIARY OPERATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $63,564

Program Service Revenue $0

Investment Income $1,541

Other Revenue $41,334

TOTAL REVENUE $106,439

Expense Breakdown

Grants Paid $93,501

Salaries & Benefits $0

Fundraising Expenses $3,856

Program Expenses $101,016

Other Expenses $16,764

TOTAL EXPENSES $110,265

Year-over-Year Comparison

	2022	2021	Change
Revenue	$106,439	$90,738	+0.2%
Expenses	$110,265	$133,887	-0.2%
Net Income	$-3,826	$-43,149	-0.9%

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

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
KATHY WEYER	SECRETARY	20.00	Officer	$0	$0	$0
JAY DUNAWAY	TREASURER	20.00	Officer	$0	$0	$0
NANCY MORRISON	PRESIDENT	20.00	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
2022	$106,439	$110,265	$1,186,117	$-3,826
2021	$90,738	$133,887	$1,189,943	$-43,149
2020	$183,480	$162,032	$1,233,092	$21,448
2019	$286,424	$169,479	$1,211,644	$116,945
2018	$291,372	$162,013	$1,094,699	$129,359

FRIENDS OF THE PALM SPRINGS LIBRARY