FRIENDS OF THE LOMPOC PUBLIC LIBRA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Robert Glasgow

Phone

8057333977

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE LOMPOC PUBLIC LIBRARY SYSTEM, founded in 2001, is a small nonprofit in the Education sector that reported $323K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $302K left a modest 7% surplus.

Mission

Assist the Lompoc Public Library System financially.

Program Service Accomplishments

Program 1

Expenses: $35,177 Revenue: $58,795

Library Programs: Provide regular library materials, equipment and supplies, and programming which were not within the library budget for 64,612 patrons. Provide Adult and Childrens Reading programs, Childrens Summer Reading programs and Special Events which were not within the library budget.

Program 2

Expenses: $264,000 Revenue: $264,000

Library Program: Provide funding for the operation and maintenance of the Children's Bookmobile Library

Program 3

Expenses: $500 Revenue: $500

Provide recognition for Library Staff and Support Library maintenence and Improvments

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $323,295

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,295

Expense Breakdown

Grants Paid $299,149

Salaries & Benefits $0

Fundraising Expenses $2,558

Program Expenses $299,677

Other Expenses $3,086

TOTAL EXPENSES $302,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,295	$220,897	+0.5%
Expenses	$302,235	$200,016	+0.5%
Net Income	$21,060	$20,881	+0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Glasgow	Treasurer	5	Officer Director	$0	$0	$0
Teresa Jansen	President	25	Officer Director	$0	$0	$0
Lee Edie	Secretary	2	Officer Director	$0	$0	$0
Leslie Sevier	Vice President	2	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	$323,295	$302,235	$211,043	$21,060
2024	$220,897	$200,016	$189,983	$20,881
2023	$226,713	$258,223	$160,174	$-31,510
2021	$293,686	$202,071	$211,298	$91,615
2020	$109,797	$303,219	$119,683	$-193,422
2019	$466,304	$168,226	$313,105	$298,078

FRIENDS OF THE LOMPOC PUBLIC LIBRARY SYSTEM