FRIENDS OF FALLBROOK LIBRARY (EIN 953016050) - 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

1963

Legal Domicile

Principal Officer

JANE WASKO

Phone

7604519606

Tax Period

2024-05-01 to 2025-04-30

FRIENDS OF FALLBROOK LIBRARY, founded in 1963, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $131K exceeded revenue, resulting in a 56% operating deficit.

Mission

The sole purpose of this Corporation shall be the enrichment and enhancement of the Fallbrook branch of the San Diego County Library and to assist the function of this cultural facility in any manner deemed beneficial by this Corporation.

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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 $12,088

Program Service Revenue $0

Investment Income $153

Other Revenue $71,582

TOTAL REVENUE $83,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,934

Other Expenses $130,510

TOTAL EXPENSES $130,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,823	$156,427	-0.5%
Expenses	$130,510	$87,274	+0.5%
Net Income	$-46,687	$69,153	-1.7%

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

$8,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY KREILE	Director	10.00	Director	$0	$0	$8,858
CAROL ZALESKI	Director	25.00	Director	$0	$0	$0
EVA VARGO	Director	17.00	Director	$0	$0	$0
JANE WASKO	President	30.00	Officer Director	$0	$0	$0
KRIS JORGENSEN	Director	0.00	Director	$0	$0	$0
ALYSON BREATHED	Director	4.00	Director	$0	$0	$0
NANCY WILSON	Director	14.00	Director	$0	$0	$0
SUE MINTUN	Director	5.00	Director	$0	$0	$0
DALMA ROSE	Treasurer	30.00	Officer Director	$0	$0	$0
HELEN MCHARQUE	Director	11.00	Director	$0	$0	$0
STEVE LEE	Director	10.00	Director	$0	$0	$0
LYNNE BARKER	Director	25.00	Officer Director	$0	$0	$0
MARY JO BACIK	Vice President	4.00	Officer Director	$0	$0	$0
MIKE STARLING THRU 410	President	7.00	Officer Director	$0	$0	$0
DEBBIE SCHUBARTH	Secretary	10.00	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
2025	$83,823	$130,510	$1,887,237	$-46,687
2024	$156,427	$87,274	$1,652,928	$69,153
2023	$148,835	$69,748	$1,574,036	$79,087
2022	$103,811	$55,036	$1,494,949	$48,775
2021	$85,125	$31,746	$1,446,174	$53,379
2019	$192,688	$130,253	$1,354,511	$62,435

FRIENDS OF FALLBROOK LIBRARY