FRIENDS OF THE LIBRARY OF PORTOLA VALLEY INC

EIN: 237006543 501(c)(3) Education

Portola Valley, CA

Total Revenue
$68,372
Total Expenses
$7,603
Total Assets
$1,221,944
Net Assets
$1,221,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
CA
Principal Officer
Kwok Lau
Phone
6502183189
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE LIBRARY OF PORTOLA VALLEY INC, founded in 1969, is a micro nonprofit in the Education sector that reported $68K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 89% operating margin.

Mission

The organization promotes and augments the development and use of resources and services of the Portola Valley Library for the benefit of local residents. The organization brings together people who view their local library as a valuable source of community, interaction, and learning.

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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 $33,785
Program Service Revenue $2,679
Investment Income $31,908
Other Revenue $0
TOTAL REVENUE $68,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,304
Program Expenses $5,685
Other Expenses $7,603
TOTAL EXPENSES $7,603

Year-over-Year Comparison

2024 2023 Change
Revenue $68,372 $56,930 +0.2%
Expenses $7,603 $16,663 -0.5%
Net Income $60,769 $40,267 +0.5%
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

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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
14
Independent Members
14
Employees
N/A
Volunteers
14

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
3
$0
Total Directors
11
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sue Chaput Trustee 0.25
Director
$0 $0 $0
Lenora Ferro Trustee 0.25
Director
$0 $0 $0
Gloria Rosenthal Trustee 0.25
Director
$0 $0 $0
Donna Mackowski Trustee 0.5
Director
$0 $0 $0
Jo Ann Mitchell Trustee 3
Director
$0 $0 $0
Lin Pearlstein Trustee 3
Director
$0 $0 $0
Karen Fisher Trustee 0.5
Director
$0 $0 $0
Ateret Haselkorn Vice-President 1
Director
$0 $0 $0
Meena Ravella 0.5
Director
$0 $0 $0
Maryellen McCabe 0.5
Director
$0 $0 $0
Jennifer Prindiville 3
Director
$0 $0 $0
Kwok Lau President 2
Officer
$0 $0 $0
Cynthia Rowe Secretary and Archivist 2
Officer
$0 $0 $0
Susan Adams Treasurer 4
Officer
$0 $0 $0
Sally Shimada-Lee Communications Director 2
Key Emp
$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 $68,372 $7,603 $1,221,944 $60,769
2024 $56,930 $16,663 $1,084,711 $40,267
2023 $39,178 $14,851 $956,521 $24,327
2022 $57,478 $21,190 $886,038 $36,288
2021 $31,425 $20,936 $938,834 $10,489
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