GLENDALE 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

JOAN ZIERHUT

Phone

8186320484

Tax Period

2019-07-01 to 2020-06-30

GLENDALE LIBRARY FOUNDATION, founded in 2013, is a micro nonprofit that reported $3K in total revenue in fiscal year 2019. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 1662% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $39,647

PROVIDE SUPPORT FOR THE CITY OF GLENDALE LIBRARY, ARTS & 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 (2019)

Revenue Breakdown

Contributions & Grants $3,036

Program Service Revenue $0

Investment Income $-27

Other Revenue $0

TOTAL REVENUE $3,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,647

Other Expenses $53,032

TOTAL EXPENSES $53,032

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,009	$10,227	-0.7%
Expenses	$53,032	$41,823	+0.3%
Net Income	$-50,023	$-31,596	+0.6%

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

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