FRIENDS OF THE GLENVIEW LIBRARY C/… - 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

1939

Legal Domicile

Principal Officer

MICHAEL SIMON

Phone

8477297500

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE GLENVIEW LIBRARY C/O GLENVIEW PUBLIC LIBRARY, founded in 1939, is a micro nonprofit in the Education sector that reported $98K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $90K left a modest 8% surplus.

Mission

THE CHARITY COLLECTS USED BOOKS AND SELLS THEM TO THE GENERAL PUBLIC. PROCEEDS ARE DONATED BACK TO THE LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $40,000

GRANTS PAID TO THE GLENVIEW PUBLIC LIBRARY 46,000

Program 2

Expenses: $6,000

GRANTS PAID TO THE GLENVIEW SCHOOL DISTRICT 225 6,000

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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 $21,220

Program Service Revenue $0

Investment Income $17,972

Other Revenue $58,987

TOTAL REVENUE $98,179

Expense Breakdown

Grants Paid $46,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,322

Other Expenses $44,322

TOTAL EXPENSES $90,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,179	$341,636	-0.7%
Expenses	$90,322	$84,333	+0.1%
Net Income	$7,857	$257,303	-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

N/A

Employees

N/A

Volunteers

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
LENORE PETTINGER	PRESIDENT	5.00	Officer	$0	$0	$0
MICHAEL SIMON	TREASURER	5.00	Officer	$0	$0	$0
ELLEN STERN	PAST PRESI	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
2025	No data	No data	No data	No data
2024	$98,179	$90,322	$366,396	$7,857
2023	$341,636	$84,333	$358,539	$257,303

FRIENDS OF THE GLENVIEW LIBRARY C/O GLENVIEW PUBLIC LIBRARY