FARMINGTON PUBLIC LIBRARY FOUNDATION (EIN 850365466) - 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

1990

Legal Domicile

Principal Officer

MARGARET ARMSTRONG

Phone

5053271245

Tax Period

2022-01-01 to 2022-12-31

FARMINGTON PUBLIC LIBRARY FOUNDATION, founded in 1990, is a micro nonprofit that reported $37K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Net assets of $847K represent 273 months of operating reserves.

Mission

TO PROVIDE A CONTINUOUS SOURCE OF FINANCIAL ASSISTANCE TO THE FARMINGTON PUBLIC LIBRARY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $24,250

Program Service Revenue $0

Investment Income $2,136

Other Revenue $10,860

TOTAL REVENUE $37,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,776

Other Expenses $36,547

TOTAL EXPENSES $36,547

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,246	$45,889	-0.2%
Expenses	$36,547	$24,562	+0.5%
Net Income	$699	$21,327	-1.0%

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

N/A

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
DICK GERDING	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN MERRION	SECRETARY	1.00	Officer Director	$0	$0	$0
MARGARET ARMSTRONG	TREASURER	1.00	Officer Director	$0	$0	$0
DONNY ORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
HYLA CALCOTE	DIRECTOR	1.00	Director	$0	$0	$0
ANN FOUST	DIRECTOR	1.00	Director	$0	$0	$0
AMY O'NEILL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
MARIA HYNES	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE JAQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MERIDEE WALTERS	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$37,246	$36,547	$846,873	$699
2021	$45,889	$24,562	$846,174	$21,327
2020	$105,803	$21,819	$824,847	$83,984
2019	$55,568	$36,065	$740,864	$19,503
2018	$57,365	$77,485	$721,361	$-20,120

FARMINGTON PUBLIC LIBRARY FOUNDATION