FRIENDS OF THE LIBRARY ASSOCIATION (EIN 742587789) - 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

1991

Legal Domicile

Principal Officer

PAM GASPER

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE LIBRARY ASSOCIATION, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $138K in total revenue in fiscal year 2025. The organization ran a surplus of $37K, a strong 27% operating margin.

Mission

TO PROVIDE FUNDS AND MANAGEMENT FOR THE REAL COUNTY PUBLIC LIBRARY LEAKEY

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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 (2025)

Revenue Breakdown

Contributions & Grants $35,679

Program Service Revenue $0

Investment Income $32,521

Other Revenue $69,976

TOTAL REVENUE $138,176

Expense Breakdown

Grants Paid $65,390

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,507

Other Expenses $36,037

TOTAL EXPENSES $101,427

Year-over-Year Comparison

	2025	2024	Change
Revenue	$138,176	$132,794	+0.0%
Expenses	$101,427	$102,077	0.0%
Net Income	$36,749	$30,717	+0.2%

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

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
PAM GASPER	President	1.00	Director	$0	$0	$0
ANISSA REAGOR	Director	1.00	Director	$0	$0	$0
REBECCA PAULL	Secretary	1.00	Director	$0	$0	$0
JOY LAMB	Treasurer	1.00	Director	$0	$0	$0
LISA WESTMORELAND	Director	1.00	Director	$0	$0	$0
KATHY PORTER	Director	1.00	Director	$0	$0	$0
BRENDA GONZALES	Director	1.00	Director	$0	$0	$0
JOHN MATA	Vice President	0.00	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	$138,176	$101,427	$1,296,395	$36,749
2024	$132,794	$102,077	$1,158,877	$30,717
2023	$127,354	$103,328	$1,053,122	$24,026
2022	$141,983	$88,411	$919,749	$53,572
2021	$115,655	$69,304	$1,001,692	$46,351
2020	$152,011	$64,933	$882,860	$87,078
2019	$111,029	$87,946	$788,855	$23,083
2018	$160,584	$107,597	$686,442	$52,987

FRIENDS OF THE LIBRARY ASSOCIATION