FRIENDS OF THE CHILDRENS LIBRARY O… - 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

2009

Legal Domicile

Phone

7148403314

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE CHILDRENS LIBRARY OF HUNTINGTON BEACH CA, founded in 2009, is a small nonprofit in the Education sector that reported $109K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $98K left a modest 10% surplus.

Mission

TO PROMOTE INTEREST IN BOOKS AND READING AMONG THE CHILDREN OF HUNTINGTON BEACH AND NEIGHBORING CITIES.

Program Service Accomplishments

Program 1

Expenses: $65,436

FURNISHES SUPPORT AND BOOKS FOR THE HUNTINGTON BEACH CHILDREN'S LIBRARY

Program 2

Expenses: $13,633

PROMOTING READING AMONG THE CHILDREN OF HUNTINGTON BEACH AND NEIGHBORING CITIES.

Program 3

Expenses: $3,848

PROGRAMS INCLUDE GRANDPARENTS READING, AND AUTHORS APPEARING AND TALKING TO THE CHILDREN ABOUT THEIR BOOKS

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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 $420

Program Service Revenue $39,939

Investment Income $68,454

Other Revenue $0

TOTAL REVENUE $108,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,917

Other Expenses $97,641

TOTAL EXPENSES $97,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,813	$79,362	+0.4%
Expenses	$97,641	$69,082	+0.4%
Net Income	$11,172	$10,280	+0.1%

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

N/A

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
IRMA LOPER	Treasurer	5.00	Officer	$0	$0	$0
SHILPA BALAN	Recording Sec	5.00	Officer	$0	$0	$0
SANDY de la FUENTE	President	5.00	Officer	$0	$0	$0
LYNDA SURMON	Vice President	5.00	Officer	$0	$0	$0
HEIDI GRALER	Corresp Sec	5.00	Officer	$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	$108,813	$97,641	$833,846	$11,172
2023	$79,362	$69,082	$822,674	$10,280
2022	$-11,667	$74,164	$812,394	$-85,831
2021	$772,373	$67,710	$898,225	$704,663

FRIENDS OF THE CHILDRENS LIBRARY OF HUNTINGTON BEACH CA