FRIENDS OF THE LIBRARY LOOMIS

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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

1986

Legal Domicile

Principal Officer

JENNY KNISLEY

Tax Period

2018-04-01 to 2019-03-31

FRIENDS OF THE LIBRARY LOOMIS, founded in 1986, is a small nonprofit that reported $162K in total revenue in fiscal year 2018. Revenue surged 99% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE LOOMIS LIBRARY AND COMMUNITY LEARNING CENTER IS TO PROVIDE A COMMUNITY GATHERING PLACE FOR LIFELONG LEARNING AS WELL AS CULTURAL, SOCIAL AND RECEATIONAL OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $160,468

TO OPERATE THE LOOMIS LIBRARY AND COMMUNITY LEARNING CENTER.

Program 2

TO FOCUS PUBLIC KNOWLEDGE FOR EDUCATIONAL OPPORTUNITIES, COMMUNITY RESOURCES AND LITERACY.

Program 3

PROMOTE THE LIBARY WITH THE COMMUNITY TO STIMULATE MONETARY DONATIONS AND TANGIBLE DONATIONS AS NEEDED BY THE GROUP.

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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 (2018)

Revenue Breakdown

Contributions & Grants $154,437

Program Service Revenue $0

Investment Income $24

Other Revenue $7,918

TOTAL REVENUE $162,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,402

Fundraising Expenses $0

Program Expenses $160,733

Other Expenses $82,507

TOTAL EXPENSES $169,909

Year-over-Year Comparison

	2018	2017	Change
Revenue	$162,379	$81,741	+1.0%
Expenses	$169,909	$46,056	+2.7%
Net Income	$-7,530	$35,685	-1.2%

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

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
JENNY KNISLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
CAROL MASON	CO-VICE PRES	1.00	Officer Director	$0	$0	$0
BETH ENRIGHT	CO-VICE PRES	1.00	Officer Director	$0	$0	$0
RAMONA BROCKMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEAN WILSON	CORR SECRETA	1.00	Officer Director	$0	$0	$0
CYNTHIA DAVIS	TREASUER	2.00	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
2019	$162,379	$169,909	$70,343	$-7,530