FAIRBANKS LIBRARY FOUNDATION

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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

1979

Legal Domicile

Principal Officer

MICHELLE DAML

Phone

9076873296

Tax Period

2023-01-01 to 2023-12-31

FAIRBANKS LIBRARY FOUNDATION, founded in 1979, is a small nonprofit that reported $594K in total revenue in fiscal year 2023. Revenue surged 397% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 30% operating margin.

Mission

THE PURPOSE IS TO SUPPORT ALL FAIRBANKS NORTH STAR BOROUGH PUBLIC LIBRARIES, TO ENHANCE THEIR OPERATIONS, TO ENCOURAGE AND SUPPORT EXPANSION OF LIBRARY BUILDINGS, FACILITIES, AND EQUIPMENT, AND TO CREATE, MANAGE, AND BUILD AN INVESTMENT FUND FOR THESE ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $378,420

BUILDING EXPANSION AND MANAGEMENT OF ART COLLECTION: FEES PAID FOR ART ACQUISITIONS, AS WELL AS STORAGE AND INSURANCE ON THE ART COLLECTION, WHICH WAS DONATED TO THE FOUNDATION AND IS MAINTAINED FOR USE IN BOROUGH LIBRARY FACILITIES. PIECES FROM THE COLLECTION ARE ON DISPLAY AT LOCAL LIBRARIES. ADDITIONALLY, THE NOEL WIEN LIBRARY EXPANSION PROJECT BEGAN IN LATE 2023.

Program 2

Expenses: $7,592

COMMUNITY OUTREACH: THE FOUNDATION SUPPORTS COMMUNITY OUTREACH EFFORTS IN BOROUGH LIBRARIES BY PROVIDING FUNDING GRANTS FOR READING INCENTIVE PROGRAMS, INCLUDING THE CABIN FEVER PROGRAM, A SUMMER...

COMMUNITY OUTREACH: THE FOUNDATION SUPPORTS COMMUNITY OUTREACH EFFORTS IN BOROUGH LIBRARIES BY PROVIDING FUNDING GRANTS FOR READING INCENTIVE PROGRAMS, INCLUDING THE CABIN FEVER PROGRAM, A SUMMER READING PROGRAM FOR ADULTS, AND RAVEN ABOUT READING, WHICH OFFERS A SPECIALLY DESIGNED LIBRARY CARD FOR 1ST AND 2ND GRADERS. THE FOUNDATION PROVIDED SUPPLIES AND FURNISHINGS TO BOROUGH LIBRARIES,AND HOSTS AND STAFFS AN ANNUAL BOOTH AT THE TANANA VALLEY STATE FAIR.

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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 $504,929

Program Service Revenue $0

Investment Income $89,620

Other Revenue $-268

TOTAL REVENUE $594,281

Expense Breakdown

Grants Paid $355,283

Salaries & Benefits $0

Fundraising Expenses $7,396

Program Expenses $386,012

Other Expenses $57,962

TOTAL EXPENSES $413,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,281	$119,498	+4.0%
Expenses	$413,245	$30,326	+12.6%
Net Income	$181,036	$89,172	+1.0%

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
MICHELLE DAML	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOE HAYES	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KRISTINA SMITH	TREASURER	3.00	Officer Director	$0	$0	$0
SARA MARSHALL	SECRETARY	3.00	Officer Director	$0	$0	$0
FAWN JELINEK	BOARD MEMBER	3.00	Director	$0	$0	$0
MATT CASORT	BOARD MEMBER	3.00	Director	$0	$0	$0
JAMIE FREIMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JEANNETTE GORDA	BOARD MEMBER	3.00	Director	$0	$0	$0
KATE RIPLEY	BOARD MEMBER	3.00	Director	$0	$0	$0
CINDY BRAVO	BOARD MEMBER	3.00	Director	$0	$0	$0
MELISSA HARTER	BOARD MEMBER	3.00	Director	$0	$0	$0
NICOLE DRENNING	BOARD MEMBER	3.00	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	$594,281	$413,245	$2,542,344	$181,036
2022	$119,498	$30,326	$2,234,113	$89,172
2021	$196,372	$25,128	$2,398,685	$171,244
2020	$72,984	$8,387	$2,022,329	$64,597
2019	$391,824	$55,031	$1,856,913	$336,793
2018	$38,984	$34,960	$1,351,220	$4,024