THOUSAND OAKS LIBRARY FOUNDATION (EIN 953855593) - 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

1983

Legal Domicile

Principal Officer

DAVID SHAIN

Phone

8054492660

Tax Period

2021-01-01 to 2021-12-31

THOUSAND OAKS LIBRARY FOUNDATION, founded in 1983, is a micro nonprofit in the Education sector that reported $9K in total revenue in fiscal year 2021. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $77K exceeded revenue, resulting in a 716% operating deficit.

Mission

THE THOUSAND OAKS LIBRARY FOUNDATION (TOLF) STRENGTHENS COMMUNITIES BY SUPPORTING EXCELLENCE IN THE THE THOUSAND OAKS LIBRARY SYSTEM THROUGH PHILANTHROPY, ADVOCACY AND OUTREACH.- PRESERVE AND MAKE THE SPECIAL COLLECTIONS ACCESSIBLE TO THE PUBLIC.- RAISE FUNDS FOR THE PURCHASE OF LIBRARY MATERIALS AND EXPANDED COLLECTIONS, SUPPORT OF CHILDREN'S SERVICES, AND ADULT LITERACY PROGRAMS.- SUPPORT SPECIAL PROJECTS AT THE REQUEST OF THE LIBRARY SERVICES DIRECTOR INCLUDING CULTURAL EVENTS FOR THE COMMUNITY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $6,581

Program Service Revenue $2,831

Investment Income $1

Other Revenue $0

TOTAL REVENUE $9,413

Expense Breakdown

Grants Paid $30,540

Salaries & Benefits $8,047

Fundraising Expenses $0

Program Expenses $64,701

Other Expenses $38,259

TOTAL EXPENSES $76,846

Year-over-Year Comparison

	2021	2020	Change
Revenue	$9,413	$34,212	-0.7%
Expenses	$76,846	$114,851	-0.3%
Net Income	$-67,433	$-80,639	-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

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
DAVID SHAIN	President	5.00	Director	$0	$0	$0
Dianne McKay	Trustee	2.00	Director	$0	$0	$0
JOEL PRICE	Trustee	2.00	Director	$0	$0	$0
ELOISE COHEN	Vice President	5.00	Officer Director	$0	$0	$0
ZAREH MARSELIAN	Treasurer	4.00	Officer Director	$0	$0	$0
CAROLYN KOPP	Trustee	4.00	Director	$0	$0	$0
GRANT BRIMHALL	Trustee	2.00	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
2021	$9,413	$76,846	$1,696,202	$-67,433
2020	$34,212	$114,851	$1,763,707	$-80,639
2019	$42,030	$98,799	$1,856,082	$-56,769
2018	$72,657	$101,933	$1,903,120	$-29,276

THOUSAND OAKS LIBRARY FOUNDATION