PASO ROBLES LIBRARY FOUNDATION

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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

1997

Legal Domicile

Principal Officer

DIANA LEAHY

Phone

8052373870

Tax Period

2024-01-01 to 2024-12-31

PASO ROBLES LIBRARY FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $181K in total revenue in fiscal year 2024. Revenue surged 173% from the prior year, signaling strong growth momentum. Expenses of $211K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE SUPPORT AND FUND RAISING FOR THE PASO ROBLES PUBLIC LIBRARY

Program Service Accomplishments

Program 1

Expenses: $78,516

PURCHASED VAN FOR MOBILE LIBRARY AS WELL AS NICHE ACADEMY RESOURCES.

Program 2

Expenses: $41,533

ADULT AND CHILDREN SERVICES

Program 3

Expenses: $40,678

SUMMER READING PROGRAM FOR ADULTS AND CHILDREN

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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 $87,549

Program Service Revenue $0

Investment Income $93,148

Other Revenue $0

TOTAL REVENUE $180,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,376

Other Expenses $210,817

TOTAL EXPENSES $210,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,697	$66,100	+1.7%
Expenses	$210,817	$78,145	+1.7%
Net Income	$-30,120	$-12,045	+1.5%

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
CHRISTINE KELLEY	MEMBER	1.00	Director	$0	$0	$0
DIANA LEAHY	Treasurer	3.00	Director	$0	$0	$0
CATHY PINNEY	Secretary	5.00	Officer	$0	$0	$0
ALICIA DI GRAZIA	President	5.00	Officer	$0	$0	$0
PAM ALCH	MEMBER	1.00	Officer	$0	$0	$0
TRACI TOWNSEND-GIEG	Vice President	5.00	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	$180,697	$210,817	$1,636,156	$-30,120
2023	$66,100	$78,145	$1,622,177	$-12,045
2022	$206,831	$131,892	$1,494,085	$74,939
2021	$126,670	$120,615	$1,743,048	$6,055
2020	$565,096	$59,614	$1,662,651	$505,482
2019	$422,889	$62,816	$1,056,751	$360,073
2018	$221,911	$29,579	$708,974	$192,332