FRIENDS OF THE SHALIMAR LIBRARY INC (EIN 593355810) - 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

1996

Legal Domicile

Principal Officer

Tacey Walker

Phone

8506091515

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE SHALIMAR LIBRARY INC, founded in 1996, is a small nonprofit in the Education sector that reported $106K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 28% operating margin.

Mission

COMMUNITY LIBRARY PROVIDEING ACCESS TO CURRENT LITERATURE AND OTHER RESOURCES INCLUDING PROGRAMS AND MEETING SPACE FOR ALL AGES.

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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 $86,567

Program Service Revenue $2,355

Investment Income $17,050

Other Revenue $225

TOTAL REVENUE $106,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,094

Other Expenses $76,685

TOTAL EXPENSES $76,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,197	$81,036	+0.3%
Expenses	$76,685	$63,069	+0.2%
Net Income	$29,512	$17,967	+0.6%

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
Tracey Walker	President / Secretary	2	Officer Director	$0	$0	$0
Johann Behnken	Director	0	Director	$0	$0	$0
Dodie Edwards	Director	12	Director	$0	$0	$0
Kathy Last	Vice President	8	Officer Director	$0	$0	$0
Diana Doty	Treasurer	15	Officer Director	$0	$0	$0
Robert Boyle	Director	4	Director	$0	$0	$0
Patti Hillsman	Director	0	Director	$0	$0	$0
Susan Cook	Director	4	Director	$0	$0	$0
J P Jones	Director	0	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
2024	$106,197	$76,685	$620,469	$29,512
2023	$81,036	$63,069	$588,788	$17,967
2022	$73,827	$48,341	$574,008	$25,486
2021	$75,610	$51,530	$549,583	$24,080
2020	$47,025	$45,878	$531,588	$1,147

FRIENDS OF THE SHALIMAR LIBRARY INC