LIBRARY ACTION COMMITTEE OF CORONA… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

ARETHA WAREHAM

Tax Period

2019-01-01 to 2019-12-31

LIBRARY ACTION COMMITTEE OF CORONAEAST ELMHURST, founded in 1980, is a micro nonprofit that reported $58K in total revenue in fiscal year 2019. Revenue surged 430% from the prior year, signaling strong growth momentum.

Mission

SEE PART III, LINE 4A

Program Service Accomplishments

Program 1

Expenses: $60,483

THE LIBRARY ACTION COMMITTEE IS GUIDED BY A VOLUNTEER BOARD OF DIRECTORS THAT FUNCTIONS IN AN ADVISORY CAPACITY TO THE QUEENS LIBRARY AND IS DIRECTLY RESPONSIBLE FOR SECURING FUNDING FOR THE PROGRAMS AND SERVICES OF THE CULTURAL ARTS PROGRAM AND THE AFTER SCHOOL HOMEWORK ASSISTANCE PROGRAM

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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 (2019)

Revenue Breakdown

Contributions & Grants $29,109

Program Service Revenue $29,275

Investment Income $0

Other Revenue $0

TOTAL REVENUE $58,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,483

Other Expenses $25,974

TOTAL EXPENSES $61,583

Year-over-Year Comparison

	2019	2018	Change
Revenue	$58,384	$11,008	+4.3%
Expenses	$61,583	$16,757	+2.7%
Net Income	$-3,199	$-5,749	-0.4%

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
ARETHA WAREHAM	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
BERYL MAJOR	VICE CHAIR	5.00	Officer Director	$0	$0	$0
PATRICIA RAMOS	SECRETARY	5.00	Officer Director	$0	$0	$0
YASMEEN MAJID	TREASURER	5.00	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
2019	$58,384	$61,583	$2,301	$-3,199
2018	$11,008	$16,757	$2,055	$-5,749

LIBRARY ACTION COMMITTEE OF CORONAEAST ELMHURST