FRIENDS OF THE SEATTLE PUBLIC LIBRARY (EIN 916037706) - 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

1942

Legal Domicile

Principal Officer

Angel Sauls

Phone

2067339015

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE SEATTLE PUBLIC LIBRARY, founded in 1942, is a small nonprofit in the Education sector that reported $282K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $258K left a modest 8% surplus.

Mission

The Friends of the Seattle Public Library's mission is to elevate the Library and inspire the love of reading in our communities.

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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 $90,980

Program Service Revenue $0

Investment Income $5,296

Other Revenue $185,394

TOTAL REVENUE $281,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,404

Fundraising Expenses $0

Program Expenses $234,784

Other Expenses $101,356

TOTAL EXPENSES $257,760

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,670	$211,863	+0.3%
Expenses	$257,760	$226,744	+0.1%
Net Income	$23,910	$-14,881	-2.6%

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

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
Nandini Rao	Trustee(Nov-Dec)	5	Director	$0	$0	$0
Mason Pashia	Trustee(Nov-Dec)	5	Director	$0	$0	$0
Krithiga Annamalai	Trustee(Nov-Dec)	5	Director	$0	$0	$0
Amy VanderZanden	Trustee	5	Director	$0	$0	$0
Ben Thompson	Trustee	5	Director	$0	$0	$0
Zuzu Tang	Trustee	5	Director	$0	$0	$0
Julio Rodriguez Vazquez	Trustee	5	Director	$0	$0	$0
Jada Pock	Trustee	5	Director	$0	$0	$0
Wendy Overton	Trustee	5	Director	$0	$0	$0
Devon O'Neill	Trustee	5	Director	$0	$0	$0
Rachael Moss	Trustee	5	Director	$0	$0	$0
Kim Nguyen Love	Trustee	5	Director	$0	$0	$0
Bur Davis	Trustee(Jan-Oct)	5	Director	$0	$0	$0
Alex Cates	Trustee	5	Director	$0	$0	$0
Calicia Carson	Secretary(Nov-Dec)	10	Officer Director	$0	$0	$0
Lauren Abraham	Treasurer	10	Officer Director	$0	$0	$0
Mary Kilgariff Weese	Co-Secretary(Jan-Oct)/Trustee(Nov-Dec)	10	Officer Director	$0	$0	$0
Monish Shah	Co-Secretary(Jan-Oct)/Trustee(Nov-Dec)	10	Officer Director	$0	$0	$0
Sarina Tewari	Vice President(Jan-Oct)/Trustee(Nov-Dec)	10	Officer Director	$0	$0	$0
Jennifer Lo	Trustee(Jan-Oct)/Vice President(Nov-Dec)	10	Officer Director	$0	$0	$0
Angel Sauls	President	10	Officer 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	$281,670	$257,760	$295,321	$23,910
2023	$211,863	$226,744	$271,802	$-14,881
2022	$195,943	$200,280	$286,168	$-4,337
2021	$162,337	$132,325	$286,446	$30,012
2020	$276,616	$290,895	$258,163	$-14,279
2019	$484,761	$494,384	$281,595	$-9,623
2018	$499,918	$518,601	$302,583	$-18,683

FRIENDS OF THE SEATTLE PUBLIC LIBRARY