Port Townsend Library Friends&Foundation (EIN 911344812) - 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

1986

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Port Townsend Library Friends&Foundation, founded in 1986, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Expenses of $73K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Port Townsend Library Friends and Foundation is a nonprofit organization dedicated to raising awareness of, advocating for, and supporting the Port Townsend Public Library. We supplement the City's library budget by raising funds for library programs, materials, and projects that enrich the educational and cultural opportunities in our community

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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 $34,365

Program Service Revenue $22,285

Investment Income $8,363

Other Revenue $0

TOTAL REVENUE $65,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,041

Other Expenses $72,706

TOTAL EXPENSES $72,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,013	N/A	N/A
Expenses	$72,706	N/A	N/A
Net Income	$-7,693	N/A	N/A

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
Deb Vanderbilt	President	10.00	Officer Director	$0	$0	$0
Cindy Johnson	Vice President	10.00	Officer Director	$0	$0	$0
Margaret Peterson	Vice President	10.00	Officer Director	$0	$0	$0
Linda Rhines	Secretary	10.00	Officer Director	$0	$0	$0
Elisabeth Young	Treasurer	10.00	Officer Director	$0	$0	$0
Ellen W Chu	Director	5.00	Director	$0	$0	$0
Dru Dence	Director	5.00	Director	$0	$0	$0
Marc Perrett	Director	5.00	Director	$0	$0	$0
Rosie Watters	Director	5.00	Director	$0	$0	$0
Mike Burk	Director	5.00	Director	$0	$0	$0
Dan Needles	Director	5.00	Director	$0	$0	$0
Fran Post	Director	5.00	Director	$0	$0	$0
Geralynn Rackowski	Director	5.00	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	$65,013	$72,706	$712,914	$-7,693

Port Townsend Library Friends&Foundation