FRIENDS OF THE MODESTO LIBRARY

EIN: 770038333 501(c)(3)

MODESTO, CA

Total Revenue
$788,515
Total Expenses
$60,191
Total Assets
$792,202
Net Assets
$792,202
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CA
Principal Officer
DENISE NORDELL
Phone
2094842361
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF THE MODESTO LIBRARY, founded in 1985, is a small nonprofit that reported $789K in total revenue in fiscal year 2023. Revenue surged 2262% from the prior year, signaling strong growth momentum. The organization ran a surplus of $728K, a strong 92% operating margin.

Mission

FOML promotes goodwill and support for the Modesto Library; stimulates awareness of the library and its needs; encourages gifts of time and money that are used to provide materials and services to the library; and seeks sources of cultural and educational programs for the 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $772,461
Program Service Revenue $0
Investment Income $7,015
Other Revenue $9,039
TOTAL REVENUE $788,515

Expense Breakdown

Grants Paid $19,136
Salaries & Benefits $0
Fundraising Expenses $34,132
Program Expenses $24,150
Other Expenses $41,055
TOTAL EXPENSES $60,191

Year-over-Year Comparison

2023 2022 Change
Revenue $788,515 $33,379 +22.6%
Expenses $60,191 $23,835 +1.5%
Net Income $728,324 $9,544 +75.3%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
45

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE NORDELL President 10.00
Officer Director
$0 $0 $0
BEVERLY SCHLEGEL Vice President 4.00
Officer Director
$0 $0 $0
ANNE BRITTON Secretary 4.00
Officer Director
$0 $0 $0
JULIE SAUGSTAD Treasurer 10.00
Officer Director
$0 $0 $0
CHRISTINE BRERETON BOARD MEMBER 2.00
Director
$0 $0 $0
CANDE BRODY BOARD MEMBER 2.00
Director
$0 $0 $0
ELLEN DAMBROSIO MEMBERSHIP DIR 10.00
Director
$0 $0 $0
MARILYN MEDER DREW VOLUNTEERS CONT 2.00
Director
$0 $0 $0
MAREE HAWKINS PUBLIC RELATONS 2.00
Director
$0 $0 $0
MARIA HERNANDEZ FUNDRAISER CMTE 2.00
Director
$0 $0 $0
JUDY SLY HERRERO NEWSLETTER 2.00
Director
$0 $0 $0
PAM PALLIOS BOARD MEMBER 2.00
Director
$0 $0 $0
CATHIE PECK BOARD MEMBER 2.00
Director
$0 $0 $0
JUDY PIERCE NEWSLETTER 2.00
Director
$0 $0 $0
ISA WIECHMANN BOARD MEMBER 2.00
Director
$0 $0 $0
PAT GLATTKE Treasurer 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 $788,515 $60,191 $792,202 $728,324
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