FRIENDS OF THE PASADENA PUBLIC LIBRARY (EIN 510191964) - 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

1975

Legal Domicile

Principal Officer

Janice Segall

Phone

6267444066

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE PASADENA PUBLIC LIBRARY, founded in 1975, is a small nonprofit in the Education sector that reported $657K in total revenue in fiscal year 2023. Revenue surged 1001% from the prior year, signaling strong growth momentum. Expenses of $597K left a modest 9% surplus.

Mission

Our mission is to support the Pasadena Public Library's programs, special services and cultural events at its ten branch libraries.

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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 (2023)

Revenue Breakdown

Contributions & Grants $632,008

Program Service Revenue $0

Investment Income $19,569

Other Revenue $5,383

TOTAL REVENUE $656,960

Expense Breakdown

Grants Paid $589,274

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $589,274

Other Expenses $7,927

TOTAL EXPENSES $597,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,960	$59,657	+10.0%
Expenses	$597,201	$103,659	+4.8%
Net Income	$59,759	$-44,002	-2.4%

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
Janice Segall	President	4	Officer Director	$0	$0	$0
Theresa Doran	1st Vice President	2	Officer Director	$0	$0	$0
Tim Still	2nd Vice President	3	Officer Director	$0	$0	$0
Kathy Wimmer	Treasurer	3	Officer Director	$0	$0	$0
Marilee Tobin	Recording Secretary	2	Officer Director	$0	$0	$0
Sharon Calkin	Corresponding Secretary	2	Officer Director	$0	$0	$0
Betty Balcomb	Board Member	1	Director	$0	$0	$0
Marna Cornell	Board Member	1	Director	$0	$0	$0
Mike Cowan	Board Member	1	Director	$0	$0	$0
Lorraine Montgomery	Board Member	1	Director	$0	$0	$0
Paula O'Dowd	Board Member	1	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	$656,960	$597,201	$233,600	$59,759

FRIENDS OF THE PASADENA PUBLIC LIBRARY