LARKSPUR LIBRARY FOUNDATION (EIN 942466558) - 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

1977

Legal Domicile

Principal Officer

LAWRENCE R LANCTOT

Phone

4159565700

Tax Period

2024-01-01 to 2024-12-31

LARKSPUR LIBRARY FOUNDATION, founded in 1977, is a micro nonprofit in the Education sector that reported $41K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 61% operating margin.

Mission

SUPPORT FOR THE LARKSPUR PUBLIC LIBRARY IN LARKSPUR, CALIFORNIA

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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 $13,565

Program Service Revenue $0

Investment Income $27,466

Other Revenue $0

TOTAL REVENUE $41,031

Expense Breakdown

Grants Paid $5,593

Salaries & Benefits $0

Fundraising Expenses $3,586

Program Expenses $5,593

Other Expenses $10,560

TOTAL EXPENSES $16,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,031	$28,286	+0.5%
Expenses	$16,153	$7,856	+1.1%
Net Income	$24,878	$20,430	+0.2%

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
LAWRENCE R LANCTOT	PRESIDENT	3.00	Officer Director	$0	$0	$0
LORRAINE OCHELTREE	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK TARLSON	TREASURER	1.00	Officer Director	$0	$0	$0
LOIS PATTON	ASST TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL A FUTTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP TERRY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURENCE T KNOTT III	DIRECTOR	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	$41,031	$16,153	$727,573	$24,878
2023	$28,286	$7,856	$638,662	$20,430
2022	$47,568	$135,108	$555,832	$-87,540
2021	$33,496	$15,674	$744,785	$17,822
2020	$37,519	$18,444	$652,494	$19,075
2019	$40,040	$46,904	$601,068	$-6,864
2018	$26,437	$20,744	$561,575	$5,693

LARKSPUR LIBRARY FOUNDATION