THE FRIENDS OF THE WESTERN PHILATE… - 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

1971

Legal Domicile

Principal Officer

NESTOR C NUNEZ

Phone

4152903044

Tax Period

2024-01-01 to 2024-12-31

THE FRIENDS OF THE WESTERN PHILATELIC LIBRARY INC, founded in 1971, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $26K left a modest 12% surplus.

Mission

To operate The Western Philatelic Library, whose mission is to acquire, archive and conserve philatelic literature for the benefit of collectors, researchers and the general public

Program Service Accomplishments

Program 1

Expenses: $992

Continued acquiring philatelic literture, organizing holdings.

Program 2

Expenses: $1,237

Continued outreach to general public through its publication, BayPhil and through participation and presence in educational stamp show exhibition Westpex

Program 3

Expenses: $23,391

Continued receiving philatelic literature from members and other donors, integrating new material to existing holdings. Attended to researchers and visitors to the libraty. Provided meeting spaces to...

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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 $11,553

Program Service Revenue $11,600

Investment Income $6,273

Other Revenue $0

TOTAL REVENUE $29,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $155

Program Expenses $25,620

Other Expenses $25,775

TOTAL EXPENSES $25,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,426	$193,982	-0.8%
Expenses	$25,775	$46,606	-0.4%
Net Income	$3,651	$147,376	-1.0%

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
EDWARD JARVIS	PRESIDENT	022.00	Director	$0	$0	$0
ROGER SKINNER	VICE PRESIDENT	002.00	Director	$0	$0	$0
NESTOR NUNEZ	TREASURER	012.00	Director	$0	$0	$0
ROY TEIXEIRA deceased 062024	DIRECTOR	025.00	Director	$0	$0	$0
BOB GORDON	DIRECTOR	008.00	Director	$0	$0	$0
EDUARDO MARTINO	DIRECTOR	025.00	Director	$0	$0	$0
KRISTIN PATTERSON	DIRECTOR	012.00	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
2024	$29,426	$25,775	$770,202	$3,651
2023	$193,982	$46,606	$766,551	$147,376
2022	$350,658	$34,253	$679,469	$316,405
2021	$186,041	$50,357	$643,961	$135,684

THE FRIENDS OF THE WESTERN PHILATELIC LIBRARY INC