ESTES VALLEY LIBRARY FRIENDS AND F… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

KATHY GROESBECK

Phone

9705869455

Tax Period

2023-01-01 to 2023-12-31

ESTES VALLEY LIBRARY FRIENDS AND FOUNDATION INC, founded in 1985, is a small nonprofit that reported $417K in total revenue in fiscal year 2023. Expenses of $608K exceeded revenue, resulting in a 46% operating deficit.

Mission

THE ORGANIZATION EXISTS FOR THE SOLE BENEFIT OF THE ESTES VALLEY PUBLIC LIBRARY DISTRICT, PROVIDING VALUABLE ADVOCACY EFFORTS AND PRIVATE FINANCIAL SUPPORT. THE ORGANIZATION BENEFITS THE LIBRARY BY ADVOCATING FOR THE PUBLICLY FUNDED INSTITUTION AS A VITAL COMMUNITY ASSET, NUTURING DONOR RELATIONSHIPS AND SUSTAINING GOODWIILL WITH ITS MEMBERS, SOLICITING, RECEIVING, AND ADMINISTRATING GIFTS, BEQUESTS, AND GRANTS, BUILDING AN ENDOWMENT FUND TO ENSURE THE LIBRARY'S SUSTAINABILITY, MANAGING INVESTMENTS, AND RECRUITING MOTIVATED VOLUNTEERS TO WORK IN SUPPORT OF THE ORGANIZATION'S MISSION.

Program Service Accomplishments

Program 1

Expenses: $432,508

PROVIDE HISTORICAL AND LITERACY PROGRAMS TO PATRONS OF THE ESTES VALLEY 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 (2023)

Revenue Breakdown

Contributions & Grants $246,848

Program Service Revenue $91,126

Investment Income $38,465

Other Revenue $40,900

TOTAL REVENUE $417,339

Expense Breakdown

Grants Paid $432,508

Salaries & Benefits $0

Fundraising Expenses $69,260

Program Expenses $432,508

Other Expenses $175,104

TOTAL EXPENSES $607,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,339	$424,334	0.0%
Expenses	$607,612	$382,991	+0.6%
Net Income	$-190,273	$41,343	-5.6%

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

105

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
KRIS HARRINGTON	BOARD MEMBER	2.00	Director	$0	$0	$0
NATASHA ALVANDI	BOARD SECRET	2.00	Officer Director	$0	$0	$0
ANN FINLEY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
HEATHER HEINZ	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTANN HIGLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHYE OSBORNE	BOARD MEMBER	2.00	Director	$0	$0	$0
HARLEY ROTBART	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN WOLF	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHY GROESBECK	BOARD PRESID	2.00	Officer Director	$0	$0	$0
CAROL WHITENECK	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE ROGERS	BOARD TREASU	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$417,339	$607,612	$2,282,797	$-190,273
2022	$424,334	$382,991	$2,321,779	$41,343
2021	$382,009	$295,798	$2,604,555	$86,211
2020	$350,923	$245,923	$2,403,809	$105,000
2019	$336,268	$377,665	$2,239,592	$-41,397
2018	$229,294	$373,723	$2,119,729	$-144,429

ESTES VALLEY LIBRARY FRIENDS AND FOUNDATION INC