LIBRARY ACTION COMMITTEE OF CORONAEAST ELMHURST

EIN: 112228514 501(c)(3)

Corona, NY

Total Revenue
$58,384
Total Expenses
$61,583
Total Assets
$2,301
Net Assets
$-699
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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
NY
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

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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