KITSAP REGIONAL LIBRARY FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

WENDY KILE

Phone

3604759039

Tax Period

2024-01-01 to 2024-12-31

KITSAP REGIONAL LIBRARY FOUNDATION, founded in 1991, is a small nonprofit in the Education sector that reported $903K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE FOUNDATION WAS ESTABLISHED TO PROMOTE AND RECEIVE PHILANTHROPIC GIFTS FOR THE BENEFIT OF THE KITSAP REGIONAL LIBRARY BEYOND THE LEVEL ALLOWED BY TAX SUPPORT. THE FOUNDATION SEEKS TO PROVIDE FUNDING FOR PROGRAM ENHANCEMENTS, CAPITAL PROJECTS

Program Service Accomplishments

Program 1

Expenses: $771,482

THE KITSAP REGIONAL LIBRARY FOUNDATION SUPPORTED KITSAP REGIONAL LIBRARY DURING 2023 BY PROVIDING THE FUNDS NECESSARY TO ALLOW FOR ADDITIONAL PROGRAMS, COLLECTION EXPANSION, AND CAPITAL PROJECTS...

THE KITSAP REGIONAL LIBRARY FOUNDATION SUPPORTED KITSAP REGIONAL LIBRARY DURING 2023 BY PROVIDING THE FUNDS NECESSARY TO ALLOW FOR ADDITIONAL PROGRAMS, COLLECTION EXPANSION, AND CAPITAL PROJECTS, INCLUDING SUMMER LEARNING, VARIOUS BRANCH PROGRAMS, AND THE SILVERDALE LIBRARY CAPITAL PROJECT, ALL FOR THE BENEFIT OF THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $817,177

Program Service Revenue $0

Investment Income $85,551

Other Revenue $0

TOTAL REVENUE $902,728

Expense Breakdown

Grants Paid $771,482

Salaries & Benefits $342,279

Fundraising Expenses $282,792

Program Expenses $771,482

Other Expenses $147,512

TOTAL EXPENSES $1,261,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$902,728	$468,762	+0.9%
Expenses	$1,261,273	$817,836	+0.5%
Net Income	$-358,545	$-349,074	+0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$160,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY KILE	EXECUTIVE DIRECTOR	24.00	Officer	$82,270	$23,056	$160,174
KARI C DRISKELL	ASSISTANT DIRECTOR	40.00	Highest	$119,587	$20,426	$140,013
CATHY HARVEY	SECRETARY	1.00	Director	$0	$0	$0
SARAH BUTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE EASTMAN	PRESIDENT	1.00	Director	$0	$0	$0
GINGER VAUGHAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
WENDIE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK FONG	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
ANDREA SANCHEZ-WILLIAMS	TREASURER	1.00	Director	$0	$0	$0
JENNIFER YEAMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RUCHI CHRISTENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTANN ORTON	BOARD MEMBER	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	$902,728	$1,261,273	$2,082,922	$-358,545
2023	$468,762	$817,836	$3,087,431	$-349,074
2022	$1,641,872	$940,098	$3,205,467	$701,774
2021	$938,219	$2,299,689	$1,516,969	$-1,361,470
2020	$3,029,237	$2,891,317	$3,212,916	$137,920
2019	$541,561	$474,311	$2,201,229	$67,250
2018	$974,453	$430,186	$1,869,067	$544,267