FRIENDS OF THE LIBRARY (EIN 596212422) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

BILL WATSON

Phone

3523370246

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF THE LIBRARY is a small nonprofit in the Education sector that reported $282K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $116K, a strong 41% operating margin.

Mission

PROMOTE READING AND LITERATURE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,404

Program Service Revenue $203,065

Investment Income $68,246

Other Revenue $0

TOTAL REVENUE $281,715

Expense Breakdown

Grants Paid $80,917

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,095

Other Expenses $85,233

TOTAL EXPENSES $166,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,715	$481,606	-0.4%
Expenses	$166,150	$465,953	-0.6%
Net Income	$115,565	$15,653	+6.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

473

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
LINDA BOYLES	COMMUNITY OU	15.00	Officer	$0	$0	$0
LINDA EVJEN	VICE-PRESIDE	15.00	Officer	$0	$0	$0
SUE HARMS	ASSISTANT TR	15.00	Officer	$0	$0	$0
MARK OLSEN	TRAINING & D	15.00	Officer	$0	$0	$0
STEPHANIE OLSON	RECORDING SE	15.00	Officer	$0	$0	$0
KEDRIN PURCELL	OPERATIONS C	15.00	Officer	$0	$0	$0
DONNA SHOUDY	BOOK SALES C	15.00	Officer	$0	$0	$0
ELLEN SMITH	COMMUNICATIO	15.00	Officer	$0	$0	$0
JACKIE TRUDEAU	CORRESP. SEC	15.00	Officer	$0	$0	$0
BILL WATSON	TREASURER	15.00	Officer	$0	$0	$0
JEAN WESTIN-LAGOTIC	PRESIDENT	15.00	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
2025	$281,715	$166,150	$851,225	$115,565
2024	$481,606	$465,953	$735,660	$15,653
2023	$553,212	$438,554	$775,811	$114,658
2022	$348,096	$261,448	$782,608	$86,648
2021	$85,329	$124,869	$707,550	$-39,540
2020	$158,400	$92,880	$756,577	$65,520
2019	$317,922	$288,075	$492,720	$29,847

FRIENDS OF THE LIBRARY