KING COUNTY LIBRARY SYSTEM FOUNDATION (EIN 911505230) - 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

LISA YAMASAKI

Phone

4253693450

Tax Period

2023-01-01 to 2023-12-31

KING COUNTY LIBRARY SYSTEM FOUNDATION, founded in 1990, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $850K, a strong 30% operating margin.

Mission

TO PROVIDE SUPPORT FOR KING COUNTY LIBRARY SYSTEM.

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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 $2,425,003

Program Service Revenue $0

Investment Income $312,609

Other Revenue $139,929

TOTAL REVENUE $2,877,541

Expense Breakdown

Grants Paid $1,376,855

Salaries & Benefits $0

Fundraising Expenses $204,980

Program Expenses $1,376,855

Other Expenses $548,029

TOTAL EXPENSES $2,027,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,877,541	$2,604,351	+0.1%
Expenses	$2,027,680	$1,800,909	+0.1%
Net Income	$849,861	$803,442	+0.1%

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
JIM WIGFALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DESIREE GOOD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF GUDDAT	TREASURER	1.00	Officer Director	$0	$0	$0
SANDRA COLLIER	SECRETARY	1.00	Officer Director	$0	$0	$0
SHOBANA BALAKRISHNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOREEN BINGO	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHLEEN BRUESKE	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND CHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PENNIE CLARK IANNICIELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY COREY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA DILLAWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE FRANTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA FRIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HAAKENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY HENDERSHOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA HUIZI	BOARD MEMBER	1.00	Director	$0	$0	$0
DUCKSOON HWANG	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE JANDA	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE KUEHNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA LINDSAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANENA METOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRIETT MORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE REPASS	BOARD MEMBER	1.00	Director	$0	$0	$0
PIPER SANGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE SWANE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA YAMASAKI	EXECUTIVE DIRECTOR	40.00	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	$2,877,541	$2,027,680	$11,358,530	$849,861
2022	$2,604,351	$1,800,909	$9,794,730	$803,442
2021	$2,076,061	$1,225,336	$10,486,562	$850,725
2020	$1,758,374	$913,554	$8,882,186	$844,820
2019	$1,711,918	$2,053,784	$7,094,386	$-341,866
2018	$8,026,591	$4,354,267	$6,913,249	$3,672,324

KING COUNTY LIBRARY SYSTEM FOUNDATION