LONG BEACH PUBLIC LIBRARY FOUNDATION (EIN 330698704) - 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

1996

Legal Domicile

Principal Officer

VERONICA GARCIA DAVALOS

Phone

5626282441

Tax Period

2024-01-01 to 2024-12-31

LONG BEACH PUBLIC LIBRARY FOUNDATION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 45% operating margin.

Mission

THE LONG BEACH PUBLIC LIBRARY FOUNDATION PROVIDES SUPPORT TO ENHANCE THE LONG BEACH PUBLIC LIBRARY AND ENCOURAGES LITERACY AND EDUCATION FOR ALL MEMBERS OF THE COMMUNITY.

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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 $2,174,549

Program Service Revenue $0

Investment Income $985,156

Other Revenue $0

TOTAL REVENUE $3,159,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $598,930

Fundraising Expenses $167,879

Program Expenses $1,316,320

Other Expenses $1,142,127

TOTAL EXPENSES $1,741,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,159,705	$1,273,849	+1.5%
Expenses	$1,741,057	$1,460,828	+0.2%
Net Income	$1,418,648	$-186,979	-8.6%

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

Volunteers

125

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

$165,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONIA GARCIA DAVALOS	Executive Dir.	40.00	Officer	$165,190	$0	$165,190
SHARON L WEISSMAN	Director	8.00	Director	$0	$0	$0
OLGA CHAVEZ	Director	8.00	Director	$0	$0	$0
RYAN BALLARD	Director	8.00	Director	$0	$0	$0
CELINA LUNA	Director	8.00	Director	$0	$0	$0
SEAN REILLY	President	16.00	Officer Director	$0	$0	$0
COLLEEN A BENTLEY	Secretary	16.00	Officer Director	$0	$0	$0
CHARLYN BENDER	Director	8.00	Director	$0	$0	$0
JEFFREY CARRICK	AUDIT CHAIR	16.00	Officer Director	$0	$0	$0
MARGARET C DURNIN	Director	8.00	Director	$0	$0	$0
DANITA Y HUMPHREY	Director	8.00	Director	$0	$0	$0
JULIA HUANG	Director	8.00	Director	$0	$0	$0
JOHN A MATHEWS II	President-Elect	16.00	Officer Director	$0	$0	$0
JOHN J MCGINNIS	Director	8.00	Director	$0	$0	$0
ELIZABETH MUNZER	VP Fund Devlop	16.00	Officer Director	$0	$0	$0
BARBARA E LONG	Director	8.00	Director	$0	$0	$0
THERESA R MORRISON	Treasurer	16.00	Officer Director	$0	$0	$0
CARMEN O PEREZ	Director	8.00	Director	$0	$0	$0
ROLANDO CRUZ	Director	8.00	Director	$0	$0	$0
GREGORY A ZINBERG	Director	8.00	Director	$0	$0	$0
DIANE ANGLIN	VP Pub Affair	16.00	Officer 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	$3,159,705	$1,741,057	$13,713,555	$1,418,648
2023	$1,273,849	$1,460,828	$11,346,348	$-186,979
2023	$1,259,296	$1,446,275	$11,346,348	$-186,979
2022	$891,510	$1,615,744	$10,849,859	$-724,234
2021	$1,189,781	$1,582,988	$12,984,764	$-393,207
2020	$3,916,602	$1,931,171	$12,688,271	$1,985,431
2019	$2,488,326	$1,934,914	$10,519,950	$553,412
2018	$3,541,521	$1,978,003	$9,151,084	$1,563,518

LONG BEACH PUBLIC LIBRARY FOUNDATION