FRIENDS OF THE LONG BEACH PUBLIC L… - 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

1978

Legal Domicile

Principal Officer

Barbara Sosa

Phone

5624005313

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE LONG BEACH PUBLIC LIBRARY, founded in 1978, is a micro nonprofit that reported $77K in total revenue in fiscal year 2024. Revenue surged 1102% from the prior year, signaling strong growth momentum. Expenses of $86K exceeded revenue, resulting in a 12% operating deficit.

Mission

Advocacy for a strong library system in Long Beach

Program Service Accomplishments

Program 1

Expenses: $65,842 Revenue: $13,719

Provide funds to the Long Beach Public Library to purchase books.

Program 2

Expenses: $4,828 Revenue: $3,986

Annual luncheon meeting to solicit and celebrate membership

Program 3

Expenses: $2,939 Revenue: $0

Various library location specific activities to encourage participation in the Long Beach Library system

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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 $53,756

Program Service Revenue $17,705

Investment Income $5,378

Other Revenue $0

TOTAL REVENUE $76,839

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,609

Other Expenses $84,940

TOTAL EXPENSES $85,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,839	$6,394	+11.0%
Expenses	$85,940	$3,953	+20.7%
Net Income	$-9,101	$2,441	-4.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Sosa	President	0.50	Officer	$0	$0	$0
Sharon Abar	Recording Secretary	0.50	Officer	$0	$0	$0
Elizabeth Andrew	Treasurer	0.50	Officer	$0	$0	$0
Arlene Gale	VP Membership	0.50	Officer	$0	$0	$0
Lisa Moore	VP Programs	0.50	Officer	$0	$0	$0
Patricia Benoit	Chair Hospitality	0.50	Director	$0	$0	$0
Carol Collins	Trustee	0.50	Director	$0	$0	$0
Ellen Butler	Chair Banned Books	0.50	Director	$0	$0	$0
Juliet Ebner	Trustee	0.50	Director	$0	$0	$0
Linda Kimberly	Chair, Barbara Eghud Scholarship	0.50	Director	$0	$0	$0
Jan Jackson	Chair, Memorial & Honor Books	0.50	Director	$0	$0	$0
Corinne Magdaleno	Trustee	0.50	Director	$0	$0	$0
Dawn Mendelson	Trustee	0.50	Director	$0	$0	$0
Caroline Martin	Chair, Data Processing	0.50	Director	$0	$0	$0
Dr Beverly Stunden	Trustee	0.50	Director	$0	$0	$0
Liliana Roman	Trustee	0.50	Director	$0	$0	$0
Doris Soriano	Trustee	0.50	Director	$0	$0	$0
Astrid Virding	Trustee	0.50	Director	$0	$0	$0
Joe Rae Zuckerman	Trustee	0.50	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	$76,839	$85,940	$943,022	$-9,101
2024	$147,010	$142,507	$949,682	$4,503
2024	$6,394	$3,953	$952,123	$2,441
2023	$69,595	$61,792	$947,411	$7,803
2022	$73,806	$45,259	$939,609	$28,547
2021	$40,212	$37,408	$911,062	$2,804

FRIENDS OF THE LONG BEACH PUBLIC LIBRARY