FAIRFIELD PUBLIC LIBRARY FOUNDATION INC (EIN 721561064) - 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

2003

Legal Domicile

Principal Officer

KIKI KOSSOW

Phone

6414726551

Tax Period

2024-01-01 to 2024-12-31

FAIRFIELD PUBLIC LIBRARY FOUNDATION INC, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $256K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 68% operating margin.

Mission

TO SOLICIT, RECEIVE AND ADMINISTER GIFTS, GRANTS AND BEQUESTS AND TO DISBURSE FUNDS FOR THE GENERAL WELFARE, MAINTENANCE AND IMPROVEMENT OF THE FAIRFIELD PUBLIC 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 (2024)

Revenue Breakdown

Contributions & Grants $85,483

Program Service Revenue $0

Investment Income $170,713

Other Revenue $0

TOTAL REVENUE $256,196

Expense Breakdown

Grants Paid $79,333

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,333

Other Expenses $2,486

TOTAL EXPENSES $81,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,196	$162,513	+0.6%
Expenses	$81,819	$47,793	+0.7%
Net Income	$174,377	$114,720	+0.5%

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

$81,229

Total Directors

$81,229

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIKI KOSSOW	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENA MORRISSEY	TREASURER	1.00	Officer Director	$0	$0	$0
ANNA SCOTTON	SECRETARY	1.00	Officer Director	$0	$0	$0
ALECS SCHMIDT MICKUNAS	VICE-PRESIDE	1.00	Officer Director	$0	$14,217	$81,229
VICKI ALEXANDER HERRIOTT	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN IHRKE	DIRECTOR	0.50	Director	$0	$0	$0
DAVID THEBODO	DIRECTOR	0.50	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	$256,196	$81,819	$2,295,198	$174,377
2023	$162,513	$47,793	$2,054,264	$114,720
2022	$69,042	$66,392	$1,744,533	$2,650
2021	$172,875	$38,054	$2,245,275	$134,821
2020	$67,003	$46,416	$1,923,817	$20,587
2019	$73,889	$69,031	$1,696,601	$4,858
2018	$183,498	$60,123	$1,522,180	$123,375

FAIRFIELD PUBLIC LIBRARY FOUNDATION INC