FRIENDS OF THE TEMECULA LIBRARY

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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

PHYLLIS RUSE

Phone

9516938900

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE TEMECULA LIBRARY, founded in 1979, is a small nonprofit that reported $121K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $103K left a modest 14% surplus.

Mission

THE PURPOSE OF THE FRIENDS OF THE TEMECULA LIBRARY IS TO MAINTAIN A CORPORATION COMPOSED OF CITIZENS WHO BELIEVE THAT A LIBRARY IS NOT A LUXURY, BUT A NECESSITY OF LIFE; TO FOCUS PUBLIC ATTENTION ON THE LIBRARY; TO STIMULATE THE USE OF THE LIBRARY'S RESOUCES AND SERVICES; TO RECEIVE AND ENCOURAGE GIFTS, ENDOWMENTS AND BEQUESTS TO THE LIBRARY; AND TO STAFF AND MAINTAIN BOOKSTORES, THE NET INCOME OF WHICH WILL BE UTILIZED FOR THE BENEFIT OF THE LIBRARY.

Program Service Accomplishments

Program 1

Revenue: $61,056

THE FRIENDS OF THE TEMECULA LIBRARY PRIMARY SOURCE OF INCOME IS THE OPERATION OF TWO LIBRARY BOOKSTORES: ONE AT GRACE MELLMAN COMMUNITY LIBRARY AND ONE AT THE RONALD H. ROBERTS TEMECULA PUBLIC...

THE FRIENDS OF THE TEMECULA LIBRARY PRIMARY SOURCE OF INCOME IS THE OPERATION OF TWO LIBRARY BOOKSTORES: ONE AT GRACE MELLMAN COMMUNITY LIBRARY AND ONE AT THE RONALD H. ROBERTS TEMECULA PUBLIC LIBRARY. THESE BOOKSTORES TAKE IN DONATIONS OF USED BOOKS AND RESELL THEM TO THE GENERAL PUBLIC. INCOME RAISED FROM THE BOOKSTORES, MEMBERSHIPS,AND DONATIONS IS USED TO SPONSOR VARIOUS PROGRAMS THROUGHOUT THE YEAR.

Program 2

Expenses: $56,828

THE GRACE MELLMAN COMMUNITY LIBRARY AND RONALD H. ROBERTS TEMECULA PUBLIC LIBRARY HAVE A VARIETY OF PROGRAMS FOR CHILDREN, TEENS AND ADULTS THROUGHOUT THE YEAR. THE LARGEST AND MOST POPULAR OF THESE PROGRAMS IS THE 'READING BY DESIGN SUMMER READING PROGRAM'. THE CALIFORNIA SUMMER READING PROGRAM IS A PROJECT OF THE CALIFORNIA LIBRARY ASSOCIATION, SUPPORTED BY THE US INSTITUTE OF MUSEUM AND LIBRARY SERVICES UNDER THE PROVISIONS OF THE LIBRARY SERVICES AND TECHNOLOGY ACT. FRIENDS OF THE TEMECULA LIBRARY IS A SPONSOR OF THIS AND ALL OF THE LIBRARY PROGRAMS.

Program 3

Expenses: $32,683

FRIENDS OF THE TEMECULA LIBRARY ASSISTS THE GRACE MELLMAN COMMUNITY LIBRARY AND RONALD H. ROBERTS TEMECULA PUBLIC LIBRARY BY PURCHASING NEW BOOKS, SUPPLIES & EQUIPMENT AS REQUESTED TO HELP SUPPORT...

FRIENDS OF THE TEMECULA LIBRARY ASSISTS THE GRACE MELLMAN COMMUNITY LIBRARY AND RONALD H. ROBERTS TEMECULA PUBLIC LIBRARY BY PURCHASING NEW BOOKS, SUPPLIES & EQUIPMENT AS REQUESTED TO HELP SUPPORT THE GENERAL OPERATION OF BOTH LIBRARIES.

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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 $43,874

Program Service Revenue $61,056

Investment Income $15,697

Other Revenue $0

TOTAL REVENUE $120,627

Expense Breakdown

Grants Paid $32,683

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,511

Other Expenses $70,482

TOTAL EXPENSES $103,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,627	$111,198	+0.1%
Expenses	$103,165	$92,672	+0.1%
Net Income	$17,462	$18,526	-0.1%

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
PHYLLIS RUSE	PRESIDENT	15.00	Officer Director	$0	$0	$0
KATHI BOLLINGER	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
DARLENE LYNN	TREASURER	20.00	Officer Director	$0	$0	$0
JUDY FRAYNE	SECRETARY	10.00	Officer Director	$0	$0	$0
LINDA SCHNEIDER	DIRECTOR	5.00	Director	$0	$0	$0
PAISLEY CATO	DIRECTOR	7.50	Director	$0	$0	$0
TERI MCNALLY	DIRECTOR	6.25	Director	$0	$0	$0
JENNIFER SMITH	DIRECTOR	6.25	Director	$0	$0	$0
AYLEAH ALEJANDRE	DIRECTOR	5.00	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
2023	$120,627	$103,165	$415,307	$17,462
2022	$111,198	$92,672	$397,845	$18,526
2020	$53,963	$53,904	$356,910	$59
2019	$118,608	$100,855	$356,851	$17,753
2018	$129,279	$122,098	$339,097	$7,181