GLENDALE LIBRARY FOUNDATION (EIN 464303592) - 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

2013

Legal Domicile

Principal Officer

JOAN ZIERHUT

Phone

8189377813

Tax Period

2020-07-01 to 2020-12-31

GLENDALE LIBRARY FOUNDATION, founded in 2013, is a micro nonprofit that reported $30K in total revenue in fiscal year 2020. Revenue surged 887% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 54% operating margin.

Mission

THE SPECIFIC PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO SOLICIT,RAISE, ADMINISTER AND INVEST FUNDS TO SUPPORT THE DEVELOPMENT AND EXPANSION OF CURRENT AND FUTURE PROGRAMS, SERVICES, CAPITAL IMPROVEMENTS, AND OTHER RELATED ACTIVITIES FOR THE CITY OF GLENDALE LIBRARY, ARTS AND CULTURE DEPARTMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $800

Program Service Revenue $0

Investment Income $28,887

Other Revenue $0

TOTAL REVENUE $29,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,200

Other Expenses $13,707

TOTAL EXPENSES $13,707

Year-over-Year Comparison

	2020	2019	Change
Revenue	$29,687	$3,009	+8.9%
Expenses	$13,707	$53,032	-0.7%
Net Income	$15,980	$-50,023	-1.3%

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
MARIE FISH	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA DUPRE	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK SUNG HOHNG	DIRECTOR	0.50	Director	$0	$0	$0
VIC PALLOS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT GORDAN	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN FLEMMING	DIRECTOR	0.50	Director	$0	$0	$0
JOAN ZIERHUT	PRESIDENT	2.00	Officer	$0	$0	$0
JANE VIAR	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ANAHID OSHAGAN	SECRETARY	1.00	Officer	$0	$0	$0
JEN HUANG	TREASURER	1.00	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
2020	$3,009	$53,032	$578,803	$-50,023
2020	$29,687	$13,707	No data	$15,980
2019	$10,227	$41,823	$628,826	$-31,596

GLENDALE LIBRARY FOUNDATION