FRIENDS OF THE LIBRARY (EIN 810515227) - 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

1980

Legal Domicile

Principal Officer

PRISCILLA DYSART

Phone

4062240827

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE LIBRARY, founded in 1980, is a micro nonprofit in the Education sector that reported $69K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $167K represent 29 months of operating reserves.

Mission

THE ORGANIZATION'S MISSION IS TO RAISE FUNDS FOR THE LOCAL PUBLIC LIBRARY IN LIVINGSTON MONTANA.

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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 $61,518

Program Service Revenue $5,457

Investment Income $1,946

Other Revenue $0

TOTAL REVENUE $68,921

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,132

Other Expenses $47,631

TOTAL EXPENSES $67,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,921	$77,052	-0.1%
Expenses	$67,631	$68,357	0.0%
Net Income	$1,290	$8,695	-0.9%

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
RON CLARK	PRESIDENT	2.00	Officer	$0	$0	$0
MILLA CUMMINS	SECRETARY	2.00	Officer	$0	$0	$0
PRISCILLA DYSART	TREASURER	2.00	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
2024	No data	No data	No data	No data
2023	$68,921	$67,631	$167,028	$1,290
2022	$77,052	$68,357	$165,738	$8,695
2021	$59,359	$91,338	$157,043	$-31,979
2020	$68,375	$28,166	$189,022	$40,209

FRIENDS OF THE LIBRARY