FRIENDS OF THE HUNTINGTON BEACH LIBRARY Public Library (EIN 237177623) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Phone

7148424481

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE HUNTINGTON BEACH LIBRARY Public Library, founded in 1967, is a small nonprofit in the Education sector that reported $501K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $147K, a strong 29% operating margin.

Mission

SUPPORT PUBLIC LIBRARY OPERATIONS & MATERIALS

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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 $278,803

Program Service Revenue $9,580

Investment Income $54,859

Other Revenue $157,476

TOTAL REVENUE $500,718

Expense Breakdown

Grants Paid $284,146

Salaries & Benefits $0

Fundraising Expenses $8,009

Program Expenses $284,146

Other Expenses $69,219

TOTAL EXPENSES $353,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,718	$729,438	-0.3%
Expenses	$353,365	$547,773	-0.4%
Net Income	$147,353	$181,665	-0.2%

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

250

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
JOE DRAGICEVICH	Treasurer	4.00	Director	$0	$0	$0
DOROTHY BOESCH	Ex Board Member	8.00	Officer Director	$0	$0	$0
ALEXIS JENKINS	1ST VP PROGRAMS	4.00	Director	$0	$0	$0
MARCY LONG	3RD VP USED BKS	4.00	Director	$0	$0	$0
BARBARA VOELKEL	4TH VP GIFT SHP	4.00	Director	$0	$0	$0
PAT HOFFMAN	DIGITAL COMM	4.00	Director	$0	$0	$0
DIANE RASSEY	ASST TREASURER	4.00	Director	$0	$0	$0
MARY SPAFFORD	2ND VP MEMBERS	2.00	Officer Director	$0	$0	$0
VALERIE DEMARTINO	ASSIST USED BKS	3.00	Director	$0	$0	$0
DINA CHAVEZ	PARLIAMENTARIAN	6.00	Director	$0	$0	$0
MARY ELLEN ELLICK	Secretary	2.00	Director	$0	$0	$0
DOLORES McGUIRE	2ND VP MEMBERS	1.00	Officer Director	$0	$0	$0
SHARON HATHAWAY	ASST VP GFT SHP	2.00	Director	$0	$0	$0
MARTHA ELLIOTT	President & CEO	2.00	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
2025	No data	No data	No data	No data
2024	$500,718	$353,365	$2,876,428	$147,353
2023	$729,438	$547,773	$2,729,075	$181,665
2022	$248,422	$28,908	$2,647,410	$219,514
2021	$985,580	$422,768	$2,420,660	$562,812
2020	$366,514	$110,998	$1,857,848	$255,516
2019	$321,920	$272,850	$1,602,332	$49,070
2018	$305,413	$486,366	$1,553,262	$-180,953

FRIENDS OF THE HUNTINGTON BEACH LIBRARY Public Library