FOUNDATION FOR MO COUNTY FREE LIBR… - 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

1989

Legal Domicile

Principal Officer

KELLIE MORGANTINI

Phone

8314243564

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR MO COUNTY FREE LIBRARIES, founded in 1989, is a small nonprofit in the Education sector that reported $359K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO ASSIST THE MONTEREY COUNTY FREE LIBRARIES IN PROVIDING ACCESS TO INFORMATION, EDUCATION, AND RECREATIONAL MATERIALS, AND LIFELONG LEARNING OPPORTUNITIES TO THE DIVERSE CULTURAL, LINGUISTIC, URBAN, AND RURAL COMMUNITIES IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $223,582

PROVIDED FUNDING TO MONTEREY COUNTY FREE LIBRARIES TO SUPPORT INITIATIVES INCLUDING BUT NOT LIMITED TO HOMEWORK CENTERS, CHILDREN AND YOUTH PROGRAMS SUCH AS SUMMER READING CLUB AND WINTER READING...

PROVIDED FUNDING TO MONTEREY COUNTY FREE LIBRARIES TO SUPPORT INITIATIVES INCLUDING BUT NOT LIMITED TO HOMEWORK CENTERS, CHILDREN AND YOUTH PROGRAMS SUCH AS SUMMER READING CLUB AND WINTER READING CLUB,TECHNOLOGY RESOURCES, BOOKS AND MATERIALS, AND ADULT LITERACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $286,370

Program Service Revenue $0

Investment Income $27,851

Other Revenue $45,231

TOTAL REVENUE $359,452

Expense Breakdown

Grants Paid $195,031

Salaries & Benefits $85,658

Fundraising Expenses $28,553

Program Expenses $223,582

Other Expenses $90,070

TOTAL EXPENSES $370,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,452	$293,725	+0.2%
Expenses	$370,759	$254,961	+0.5%
Net Income	$-11,307	$38,764	-1.3%

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

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

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

$78,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY HARRAY	PRESIDENT	2.50	Officer Director	$0	$0	$0
LEINETTE LIMTIACO	TREASURER	1.25	Officer Director	$0	$0	$0
SHERI CLINE	SECRETARY	1.25	Officer Director	$0	$0	$0
NANCY B AUSONIO	DIRECTOR	0.75	Director	$0	$0	$0
KELLIE D MORGANTINI	DIRECTOR	0.75	Director	$0	$0	$0
WILLIAM SHERER	DIRECTOR	0.75	Director	$0	$0	$0
ZEANDAE JOHNSON	DIRECTOR	0.75	Director	$0	$0	$0
JACKIE BLEISCH	DIRECTOR	0.75	Director	$0	$0	$0
LUIS ARREGUIN	DIRECTOR	0.75	Director	$0	$0	$0
NISHA ADDLEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$630	$0	$630
JULIE POOL	EXECUTIVE DIRECTOR	40.00	Officer	$76,667	$1,454	$78,121

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
2024	$359,452	$370,759	$764,670	$-11,307
2023	$320,553	$323,644	$770,101	$-3,091
2023	$293,725	$334,598	$714,387	$-40,873
2022	$359,563	$241,388	$726,480	$118,175
2021	$375,103	$416,814	$884,828	$-41,711
2020	$185,374	$662,211	$750,915	$-476,837
2019	$475,811	$459,724	$1,228,379	$16,087
2018	$469,871	$449,104	$1,092,944	$20,767

FOUNDATION FOR MO COUNTY FREE LIBRARIES