FOUNDATION FOR SAN LUIS OBISPO COUNTY PUBLIC LIBRARIES (EIN 770460885) - 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

1998

Legal Domicile

Principal Officer

JULIANE MCADAM

Phone

8053161579

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR SAN LUIS OBISPO COUNTY PUBLIC LIBRARIES, founded in 1998, is a small nonprofit in the Education sector that reported $226K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 34% operating margin.

Mission

THE SPECIFIC CHARITABLE PURPOSE OF THIS ORGANIZATION IS TO RAISE FUNDS TO SUPPLEMENT CURRENT PUBLIC FUNDING FOR SAN LUIS OBISPO COUNTY LIBRARIES.

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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 $68,500

Program Service Revenue $0

Investment Income $157,524

Other Revenue $43

TOTAL REVENUE $226,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,459

Other Expenses $150,036

TOTAL EXPENSES $150,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,067	$177,769	+0.3%
Expenses	$150,036	$165,009	-0.1%
Net Income	$76,031	$12,760	+5.0%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
KRISTY LUNDSTROM	SECRETARY	Director	$0	$0	$0
KRISTIN BRIDGEFORD	DIRECTOR	Director	$0	$0	$0
MARLYS MCPHERSON	DIRECTOR	Director	$0	$0	$0
VICTORIA SCHMIDT	DIRECTOR	Director	$0	$0	$0
JOAN HURWIT	DIRECTOR	Director	$0	$0	$0
RACHEL DUCHAK	DIRECTOR	Director	$0	$0	$0
JOHN MCCARTHY	DIRECTOR	Director	$0	$0	$0
JULIANE MCADAM	PRESIDENT	Officer	$0	$0	$0
ELIZABETH MANAK	VICE PRESIDENT	Officer	$0	$0	$0
CHARLOTTE ALEXANDER	TREASURER	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	$226,067	$150,036	$4,904,789	$76,031
2024	$177,769	$165,009	$4,464,252	$12,760
2023	$1,367,037	$95,764	$4,189,992	$1,271,273
2022	$2,368,394	$185,707	$2,858,580	$2,182,687
2021	$42,142	$28,200	$690,779	$13,942
2020	$63,726	$29,897	$618,515	$33,829
2019	$46,934	$48,561	$630,663	$-1,627
2018	$45,324	$37,255	$641,577	$8,069

FOUNDATION FOR SAN LUIS OBISPO COUNTY PUBLIC LIBRARIES