Friends of Coast Community Library (EIN 680414942) - 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

1989

Legal Domicile

Phone

7078823114

Tax Period

2018-07-01 to 2019-06-30

Friends of Coast Community Library, founded in 1989, is a micro nonprofit in the Education sector that reported $33K in total revenue in fiscal year 2018. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $51K exceeded revenue, resulting in a 53% operating deficit.

Mission

The mission of the Coast Community Library is to enrich the life of the local community through learning, information services, lifelong education and the exchange of ideas.

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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 $27,669

Program Service Revenue $0

Investment Income $638

Other Revenue $4,877

TOTAL REVENUE $33,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,904

Program Expenses $15,505

Other Expenses $50,640

TOTAL EXPENSES $50,640

Year-over-Year Comparison

	2018	2017	Change
Revenue	$33,184	$41,558	-0.2%
Expenses	$50,640	$33,076	+0.5%
Net Income	$-17,456	$8,482	-3.1%

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

396

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
Nancy Morin	President	6.00	Officer Director	$0	$0	$0
Russell Pasqualetti	Treasurer	4.00	Officer Director	$0	$0	$0
Pearl Watts	Secretary	4.00	Officer Director	$0	$0	$0
Chas Higgins	Boardmember	4.00	Director	$0	$0	$0
Larry Riddle	Boardmember	4.00	Director	$0	$0	$0
Kate Todd	Boardmember	4.00	Director	$0	$0	$0
Gary Klein	Boardmember	4.00	Director	$0	$0	$0
Beth Knoche	Vice President	4.00	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	$33,184	$50,640	$885,295	$-17,456
2018	$41,558	$33,076	$902,751	$8,482

Friends of Coast Community Library