MARIN COUNTY LIBRARY FOUNDATION

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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

1987

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

MARIN COUNTY LIBRARY FOUNDATION, founded in 1987, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 55% operating margin.

Mission

TO ENSURE THAT THE MARIN COUNTY FREE LIBRARY SYSTEM WILL HAVE SUFFICIENT FINANCIAL RESOURCES TO CREATE AND MAINTAIN A DYNAMIC MODERN LIBRARY SYSTEMWITH EXCELLENT FACILITIES AND TECHNOLOGY TO SERVE THE NEEDS OF ALL MARINCOUNTY RESIDENTS. CURRENT LARGEST PROGRAMS: LEARNING HUB

Program Service Accomplishments

Program 1

Expenses: $55,628 Revenue: $109,784

STUDENTS GRANTS FOR SCHOLARSHIPS AWARDED TO HELP STUDENTS ACHIEVE GOALS IN HIGHER EDUCATION. PAYMENTS ALSO MADE TO LIBRARY BRANCHES DIRECTLY IN ORDER TO HELP ENSURE THAT THE MARIN COUNTY FREE LIBRARY SYSTEM WILL HAVE SUFFICIENT FINANCIAL RESOURCES TO CREATE AND MAINTAIN A DYNAMIC MODERN LIBRARY SYSTEM WITH EXCELLENT FACILITIES AND TECHNOLOGY TO SERVE THE NEEDS OF ALL MARIN COUNTY RESIDENTS. CURRENT LARGEST PROGRAMS: DIANE ROSENBERGER SCHOLARSHIP FUND A MAJOR EXPENSE FOR 2023 WAS $10,000 IN LOBBYING FOR MEASURE B FOR PARCEL TAX TO SUPPORT THE CAMPAIGN FOR THE MARIN COUNTY FREE LIBRARY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $165,732

Program Service Revenue $0

Investment Income $10,467

Other Revenue $0

TOTAL REVENUE $176,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,282

Program Expenses $55,628

Other Expenses $78,567

TOTAL EXPENSES $78,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,199	$68,950	+1.6%
Expenses	$78,567	$85,804	-0.1%
Net Income	$97,632	$-16,854	-6.8%

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

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
RICHARD BROWN	BOARD MEMBER	0.25	Officer	$0	$0	$0
LIZ PARIS	BOARD MEMBER	0.50	Officer	$0	$0	$0
LANA ADLAWAN	BOARD MEMBER	0.25	Officer	$0	$0	$0
JOHN MCLEOD	BOARD MEMBER	0.25	Officer	$0	$0	$0
KATE RABBE	PRESIDENT	1.00	Officer	$0	$0	$0
ALISON HOWARD	TREASURER	2.00	Officer	$0	$0	$0
CHANTEL WALKER	SECRETARY	0.50	Officer	$0	$0	$0
JOEL FUGAZZOTTO	VICE PRESIDENT	0.75	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	No data	No data	No data	No data
2024	$176,199	$78,567	$1,070,576	$97,632
2023	$68,950	$85,804	$816,127	$-16,854
2022	$54,431	$74,687	$888,827	$-20,256
2021	$403,592	$315,138	$1,036,651	$88,454
2020	$243,709	$82,995	$707,073	$160,714
2019	$140,773	$129,316	$546,359	$11,457