GARDEN CITY LIBRARY FOUNDATION INC

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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

Legal Domicile

Principal Officer

SUZY CAVANAGH

Phone

2085771610

Tax Period

2024-10-01 to 2025-09-30

GARDEN CITY LIBRARY FOUNDATION INC is a small nonprofit in the Education sector that reported $350K in total revenue in fiscal year 2024. Revenue surged 256% from the prior year, signaling strong growth momentum. The organization ran a surplus of $269K, a strong 77% operating margin.

Mission

The mission of the Garden City Public Library Foundation is to support the Garden City Public Library in its efforts to inspire lifelong learning, advance knowledge, and strengthen the community of Garden City, Idaho.

Program Service Accomplishments

Program 1

Expenses: $60,843

FORM 990, PART III, LINE 28 - FIRST ACCOMPLISHMENTBELLS FOR BOOKS, A MOBILE LITERACY PROGRAM OF THE GARDEN CITY PUBLIC LIBRARY, IS LARGELY FUNDED BY GRANTS FROM THE GARDEN CITY LIBRARY FOUNDATION...

FORM 990, PART III, LINE 28 - FIRST ACCOMPLISHMENTBELLS FOR BOOKS, A MOBILE LITERACY PROGRAM OF THE GARDEN CITY PUBLIC LIBRARY, IS LARGELY FUNDED BY GRANTS FROM THE GARDEN CITY LIBRARY FOUNDATION, INC. THIS PROGRAM PUT BOOKS INTO THE HANDS OF MORE THAN 5,800 YOUNG READERS AND 800 ADULTS WITH VISITORS CHECKING OUT 7,600 BOOKS.

Program 2

FORM 990, PART III, LINE 29 - SECOND ACCOMPLISHMENTSPECIAL PROGRAMS AND ACTIVITIES, THE FOUNDATION SUPPORTS A VARITY OF PROGRAMS OFFERED TO THE COMMUNITY THROUGH THE GARDEN CITY PUBLIC LIBRARY...

FORM 990, PART III, LINE 29 - SECOND ACCOMPLISHMENTSPECIAL PROGRAMS AND ACTIVITIES, THE FOUNDATION SUPPORTS A VARITY OF PROGRAMS OFFERED TO THE COMMUNITY THROUGH THE GARDEN CITY PUBLIC LIBRARY INCLUDING SUMMER READING PROGRAMS, CHESS LESSONS, AND OTHER ACTIVITIES.

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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 $314,237

Program Service Revenue $0

Investment Income $3,965

Other Revenue $32,254

TOTAL REVENUE $350,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,843

Other Expenses $81,099

TOTAL EXPENSES $81,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,456	$98,360	+2.6%
Expenses	$81,099	$57,675	+0.4%
Net Income	$269,357	$40,685	+5.6%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET WORTHINGTON	Director	4.00	Director	$0	$0	$0
JASON MICK	Director	4.00	Director	$0	$0	$0
JASON LEFORGEE	DIRECTOR	4.00	Director	$0	$0	$0
STEVE BROWN	DIRECTOR	4.00	Director	$0	$0	$0
MARTIN HAMBALEK	DIRECTOR	4.00	Director	$0	$0	$0
JOE NUNLEY	VICE CHAIR	4.00	Director	$0	$0	$0
SUZY CAVANAGH	CHAIR	4.00	Officer	$0	$0	$0
AMY KOHLMEIER	Director	4.00	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	$350,456	$81,099	$447,375	$269,357