FLATHEAD 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

1989

Legal Domicile

Principal Officer

ERICA WIRTALA

Phone

4062008099

Tax Period

2024-07-01 to 2025-06-30

FLATHEAD LIBRARY FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 41% operating deficit.

Mission

THE FLATHEAD LIBRARY FUNDATION'S MISSION IS TO RAISE PRIVATE DOLLARS TO ENHANCE THE PATRON SERVICES OF FLATHEAD COUNTY LIBRARIES. THE FLATHEAD COUNTY LIBRARY FOUNDATION WORKS CLOSELY WITH THE FLATHEAD COUNTY LIBRARY BOARD AND THE FLATHEAD COUNTY LIBRARY DIRECTOR TO FUND PROGRAMS AND SERVICES, MATERIALS, AND FACILITY UPGRADES NOT INCLUDED IN THE COUNTY LIBRARY BUDGET.

Program Service Accomplishments

Program 1

Expenses: $1,313,895

FUNDING FOR PROGRAM EXPENSES INCLUDES A VARIETY OF PROGRAMS AND SERVICE INITIATIVES FOR THE LOCAL LIBRARY SYSTEM, FLATHEAD COUNTY LIBRARIES. THE CORE PROGRAMS PAID FOR IN 2024 -2025 WITH FLATHEAD...

FUNDING FOR PROGRAM EXPENSES INCLUDES A VARIETY OF PROGRAMS AND SERVICE INITIATIVES FOR THE LOCAL LIBRARY SYSTEM, FLATHEAD COUNTY LIBRARIES. THE CORE PROGRAMS PAID FOR IN 2024 -2025 WITH FLATHEAD LIBRARY FOUNDATION FUNDS INCLUDE THE FOLLOWING: (1) SUMMER EXPERIENCE, A FREE STEAM-FOCUSED SUMMER LEARNING PROGRAM FOR GRADES K-12; (2) TEEN SPACE, PROVIDING A SAFE, WELCOMING ENVIRONMENT FOR CHILDREN IN 6TH - 12TH GRADE TO CRAFT, BUILD, PLAY GAMES SET UP FOR TEEN CREATIVE EXPLORATION; (3) YEAR-ROUND EARLY LITERACY CLASSES AND EARLY LITERACY TAKE HOME KITS; INCLUDING STORYTIME FOR BABY, TODDLER, AND PRESCHOOL CHILDREN; AND (4) CAPITAL IMPROVEMENTS TO EXISTING LIBRARY FACILITIES LIKE SAFETY EQUIPMENT, FURNITURE, AND BUILDING RENOVATION.

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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 $937,118

Program Service Revenue $0

Investment Income $21,907

Other Revenue $57,353

TOTAL REVENUE $1,016,378

Expense Breakdown

Grants Paid $468,144

Salaries & Benefits $113,621

Fundraising Expenses $42,028

Program Expenses $1,313,895

Other Expenses $850,444

TOTAL EXPENSES $1,432,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,016,378	$1,393,502	-0.3%
Expenses	$1,432,209	$1,711,241	-0.2%
Net Income	$-415,831	$-317,739	+0.3%

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

Total Directors

$23,783

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON FURLONG	DIRECTOR	15.00	Director	$23,783	$0	$23,783
VALERIE CARLIN	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY CRAWFORD	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
HILARY DEVLIN	SECRETARY	3.00	Officer Director	$0	$0	$0
CAROL SANTA	DIRECTOR	2.00	Director	$0	$0	$0
ERICA WIRTALA	PRESIDENT	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	$1,016,378	$1,432,209	$990,909	$-415,831
2024	$1,393,502	$1,711,241	$1,453,125	$-317,739
2023	$223,581	$224,191	$1,661,901	$-610
2022	$303,149	$140,598	$1,750,411	$162,551
2021	$345,596	$203,111	$1,654,917	$142,485
2019	$184,386	$160,300	$1,341,581	$24,086
2018	$283,769	$136,644	$1,182,093	$147,125