ANACORTES PUBLIC LIBRARY FOUNDATION (EIN 911933694) - 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

1998

Legal Domicile

Principal Officer

DEBORAH ALDRIDGE

Phone

3605888239

Tax Period

2023-01-01 to 2023-12-31

ANACORTES PUBLIC LIBRARY FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $122K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 84% operating deficit.

Mission

THE MISSION IS TO PROMOTE AND ENHANCE THE ANACORTES LIBRARY'S VALUE TO THE COMMUNITY THROUGH ADVOCACY, PROGRAM AND CAPITAL PROJECT FUNDING. TO AUGMENT, NOT REPLACE,TAX-BASED SUPPORT FOR THE ANACORTES LIBRARY BY SECURING DONATIONS, FUNDING AND ENDOWMENTS.

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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 $48,398

Program Service Revenue $0

Investment Income $73,649

Other Revenue $0

TOTAL REVENUE $122,047

Expense Breakdown

Grants Paid $201,382

Salaries & Benefits $0

Fundraising Expenses $141

Program Expenses $201,452

Other Expenses $22,851

TOTAL EXPENSES $224,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,047	$1,696,032	-0.9%
Expenses	$224,233	$194,609	+0.2%
Net Income	$-102,186	$1,501,423	-1.1%

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

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
DEBORAH ALDRIDGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JANET LOWRY	SECRETARY	2.00	Officer Director	$0	$0	$0
ANGELA CURRIE	TREASURER	2.00	Officer Director	$0	$0	$0
GARY THRAMER	CORREPD SEC	2.00	Officer	$0	$0	$0
DIANE MUNCE	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER ALLEN	FRIENDS OF T	1.00	Director	$0	$0	$0
JOHN SHAFER	TRUSTEE OF A	1.00	Director	$0	$0	$0
JEFF VOGEL	LIBRARY DIRE	1.00	Director	$0	$0	$0
ELIZABETH DROZDA	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI ROOKS	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	No data	No data	No data	No data
2023	$122,047	$224,233	$3,101,121	$-102,186
2022	$1,696,032	$194,609	$2,932,806	$1,501,423
2021	$96,290	$94,303	$1,600,131	$1,987
2020	$169,341	$54,118	$1,475,059	$115,223
2019	$164,843	$134,338	$1,318,015	$30,505

ANACORTES PUBLIC LIBRARY FOUNDATION