FRIENDS OF THE LONG BEACH PUBLIC LIBRARY

EIN: 237006257 501(c)(3)

LONG BEACH, CA

Total Revenue
$76,839
Total Expenses
$85,940
Total Assets
$943,022
Net Assets
$943,022
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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
CA
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.

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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 (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

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Governance

Voting Members
22
Independent Members
22
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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