FRIENDS OF THE THOUSAND OAKS LIBRARY (EIN 770163850) - 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

1967

Legal Domicile

Principal Officer

Tyler Vernon

Phone

8054807243

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE THOUSAND OAKS LIBRARY, founded in 1967, is a small nonprofit in the Education sector that reported $282K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $244K left a modest 13% surplus.

Mission

FRIENDS OF THE THOUSAND OAKS LIBRARY GRANTS PROCEEDS FROM THE SALE OF DONATED BOOKS TO THE LOCAL LIBRARY TO PURCHASE MATERIALS SUCH AS BOOKS AND ELECTRONIC RESOURCES, PROVIDE SERVICES SUCH AS READING PROGRAMS FOR ALL AGES, AND ENHANCE SPECIAL PROJECTS AND EVENTS.

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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 $21,522

Program Service Revenue $253,868

Investment Income $6,913

Other Revenue $0

TOTAL REVENUE $282,303

Expense Breakdown

Grants Paid $210,774

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,860

Other Expenses $33,440

TOTAL EXPENSES $244,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,303	$252,238	+0.1%
Expenses	$244,214	$286,015	-0.1%
Net Income	$38,089	$-33,777	-2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSSANNA GUERRA	PRESIDENT	8	Officer	$0	$0	$0
CAROL LAIRSEY	VICE PRESIDENT, MEMBERSHIP	8	Officer	$0	$0	$0
JANET DOMAN	VICE PRESIDENT, BOOK SALES	8	Officer	$0	$0	$0
TYLER VERNON	TREASURER	4	Officer	$0	$0	$0
JANE MEADE	SECRETARY	2	Officer	$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	$282,303	$244,214	$415,234	$38,089
2023	$252,238	$286,015	$373,964	$-33,777
2022	$227,029	$128,488	$409,499	$98,541
2021	$105,071	$124,807	$321,463	$-19,736
2019	$229,162	$206,628	$334,487	$22,534

FRIENDS OF THE THOUSAND OAKS LIBRARY