VENTURA COUNTY LIBRARY FOUNDATION

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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

2013

Legal Domicile

Principal Officer

MARY REES

Phone

8056777165

Tax Period

2024-07-01 to 2025-06-30

VENTURA COUNTY LIBRARY FOUNDATION, founded in 2013, is a small nonprofit in the Education sector that reported $564K in total revenue in fiscal year 2024. The organization ran a surplus of $476K, a strong 84% operating margin.

Mission

The Ventura County Library Foundation will enhance access to quality Ventura County Library System services, materials, and programming for children and adults across the county by securing funding and other resources from private and public donors through strategic partnerships and alliances.

Program Service Accomplishments

Program 1

Expenses: $78,417

For FY 2024, the Ventura County Library Foundation provided funding to Ventura County Library Systems in alignment with our mission.Literacy and Lifelong Learning programs, workshops, and events...

For FY 2024, the Ventura County Library Foundation provided funding to Ventura County Library Systems in alignment with our mission.Literacy and Lifelong Learning programs, workshops, and events reaching more than 60,000 people of all ages. Innovative programming includes One County One Book, Literacy at Juvenile Justice, and Summer Lunch at the Library for school age children ($30,017).Technology and Digital Access support through the lending of over 700 Wi-Fi hotspots. ($23,400). Mobile Library Services and Access including community outreach and joint School Mobile Library bringing programming to more than 20,000 adults and students throughout Ventura County ($15,000).STEAM kits and programming including approximately 6,000 STEAM kits given away for self-directed youth activities at their own home ($10,000).

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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 $553,471

Program Service Revenue $0

Investment Income $8,528

Other Revenue $2,168

TOTAL REVENUE $564,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,906

Program Expenses $78,417

Other Expenses $85,718

TOTAL EXPENSES $88,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$564,167	N/A	N/A
Expenses	$88,468	N/A	N/A
Net Income	$475,699	N/A	N/A

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

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
TERRY MRVICHIN	Treasurer	6.00	Officer	$0	$0	$0
NANCY SCHRAM	Secretary	5.00	Officer	$0	$0	$0
MARY REES	Chairman	4.00	Officer	$0	$0	$0
LAURA HERNANDEZ	Vice Chair	3.00	Officer	$0	$0	$0
PATTI WALKER	Secretary	3.00	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	$564,167	$88,468	$543,129	$475,699