Friends of Washoe County Library (EIN 942747114) - 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

Legal Domicile

Principal Officer

Mary Jones

Phone

7753245522

Tax Period

2023-01-01 to 2023-12-31

Friends of Washoe County Library is a small nonprofit that reported $139K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 140 months of operating reserves.

Mission

promote reading through support of public libraries and literacy programs.

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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 $37,684

Program Service Revenue $0

Investment Income $42,970

Other Revenue $58,022

TOTAL REVENUE $138,676

Expense Breakdown

Grants Paid $100,688

Salaries & Benefits $0

Fundraising Expenses $12,191

Program Expenses $112,882

Other Expenses $36,615

TOTAL EXPENSES $137,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,676	$799,082	-0.8%
Expenses	$137,303	$153,634	-0.1%
Net Income	$1,373	$645,448	-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

N/A

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	Role	Reportable Comp	Other Comp	Total
Sue A Durst	Vice President	Director	$0	$0	$0
Sheree Garcia	Treasurer	Director	$0	$0	$0
Jenny Mackay	Secretary	Director	$0	$0	$0
NANCY THIELE	Director	Director	$0	$0	$0
Sheryl Stopper	Director	Director	$0	$0	$0
ALI MCWILLIAMS	Director	Director	$0	$0	$0
Mary Jones	President	Director	$0	$0	$0
April Heiselt	Director	Director	$0	$0	$0
Jennifer Lee	Director	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	$138,676	$137,303	$1,621,071	$1,373
2022	$799,082	$153,634	$1,542,003	$645,448
2021	$133,261	$138,691	$1,023,007	$-5,430
2020	$139,973	$110,963	$960,671	$29,010
2019	$198,303	$168,190	$894,354	$30,113
2018	$294,023	$218,743	$765,699	$75,280

Friends of Washoe County Library