LIBRARY AND LITERACY FOUNDATION OF… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

LOUIS PONICK

Phone

2099432375

Tax Period

2024-07-01 to 2025-06-30

LIBRARY AND LITERACY FOUNDATION OF SAN JOAQUIN COUNTY, founded in 1990, is a small nonprofit in the Education sector that reported $113K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 46% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT PROGRAMS THAT FOSTER LITERACY AND SUPPORT THE POWER OF READING TO ENRICH LIVES.

Program Service Accomplishments

Program 1

Expenses: $22,950

ENHANCEMENT OF LIBRARY SERVICES: CONTINUE THE ENHANCEMENT OF LIBRARY SERVICES BENEFITING THE RESIDENTS OF THE CITY OF STOCKTON AND FULLY FUND THE STOCKTON-SAN JOAQUIN COUNTY PUBLIC LIBRARY'S ADULT...

ENHANCEMENT OF LIBRARY SERVICES: CONTINUE THE ENHANCEMENT OF LIBRARY SERVICES BENEFITING THE RESIDENTS OF THE CITY OF STOCKTON AND FULLY FUND THE STOCKTON-SAN JOAQUIN COUNTY PUBLIC LIBRARY'S ADULT LITERACY PROGRAM, SUPPORT FAMILY AND COMMUNITY LITERACY PROGRAMS, AND ASSIST WITH SUSTAINING THE LIBRARY'S BOOK BUDGET INCLUDING WINTER, SPRING, SUMMER AND FALL READING PROGRAMS.EXPAND THE POET LAUREATE PROGRAM THROUGHOUT SAN JOAQUIN COUNTY: IN COLLABORATION WITH SAN JOAQUIN COUNTY CITIES, THE FOUNDATION IS PROUD TO SUPPORT THE POET LAUREATE PROGRAM THROUGH A 3-YEAR FUNDING PROCESS. DESIGNED TO INSPIRE LOCAL RESIDENTS TO ESTABLISH A LIFE-LONG APPRECIATION OF LITERATURE, THIS IS A WAY TO REMIND THE COMMUNITY ABOUT THE IMPORTANCE OF LITERATURE AND POETRY. POETS ALONG WITH THE CITY AND OTHER ORGANIZATIONS HOST SPOKEN WORD EVENTS, BOOK CLUBS, POETRY CONTESTS, PUBLIC READINGS, AND MUCH MORE IN THEIR COMMUNITIES.

Program 2

Expenses: $8,026

SUPPORT THE LITTLE FREE LIBRARIES STOCKTON PROGRAM: CONTINUE TO FILL THE LITTLE FREE LIBRARIES THROUGHOUT STOCKTON WITH INCLUSIVE BOOKS THAT ARE CULTURALLY DIVERSE FROM LOCAL AUTHORS THROUGHOUT SAN JOAQUIN COUNTY. TO PROVIDE A VARIETY OF BOOKS THAT CONTAIN CHARACTERS OF COLOR AS WELL AS MAIN CHARACTERS THAT REPRESENT A MARGINALIZED POINT OF VIEW WITH BOOKS THAT ARE WRITTEN BY AN AUTHOR OF DIVERSITY OR MARGINALIZED FROM THEIR PERSPECTIVE. WE PROVIDE BOOKS THAT SHARE IDEAS, STORIES, AND INFORMATION ABOUT CULTURES, RACES, RELIGIONS, LANGUAGES, AND TRADITIONS.SPONSOR THE ANNUAL FAMILY DAY AT THE PARK EVENT: THIS IS A FREE ONE-DAY EVENT WITH A FULL DAY OF FUN AND EDUCATIONAL ACTIVITIES FOR THE ENTIRE COMMUNITY AT WEBER POINT IN STOCKTON. NEARLY 100 BUSINESSES AND COMMUNITY ORGANIZATIONS WILL PROVIDE INTERACTIVE PROJECTS FOR CHILDREN AND FAMILIES, INCLUDING ARTS AND CRAFTS, GAMES, STORYTELLING, AND RECREATIONAL ACTIVITIES. ENTERTAINERS INCLUDE MASCOTS, STREET PERFORMERS, SPARKLES THE CLOWN, AND RAVIOLI THE MAGICIAN. IN ADDITION, CHILDREN'S AUTHORS AND ILLUSTRATORS WILL PRESIDE IN KING AUTHOR'S COURT THROUGHOUT THE DAY READING STORIES, TEACHING, SIGNING BOOKS, AND ANSWERING QUESTIONS.

Program 3

Expenses: $5,000

SPONSOR THE ANNUAL FULLY BOOKED EVENT: THIS IS AN ANNUAL FUNDRAISER TO SUPPORT TULEBURG PRESS, AN NONPROFIT THAT WORKS TO BUILD LITERACY AND WRITING CONFIDENCE FOR ALL AGES THROUGH BOOK PUBLISHING...

SPONSOR THE ANNUAL FULLY BOOKED EVENT: THIS IS AN ANNUAL FUNDRAISER TO SUPPORT TULEBURG PRESS, AN NONPROFIT THAT WORKS TO BUILD LITERACY AND WRITING CONFIDENCE FOR ALL AGES THROUGH BOOK PUBLISHING, ONE-ON-ONE MENTORING, COMMUNITY OUTREACH, AND WRITING WORKSHOPS. THOSE ACTIVITIES OCCUR AT THE WRITE PLACE, A DOWNTOWN STOCKTON CREATIVE WRITING AND BOOK ARTS CENTER. MODELED AFTER 826 VALENCIA IN SAN FRANCISCO, 916 INK IN SACRAMENTO, AND THE SAN FRANCISCO CENTER FOR THE BOOK, THE WRITE PLACE TEACHES WRITING, BOOKBINDING, AND LETTERPRESS PRINTING ON VINTAGE PRESSES. WRITING GROUPS AND BOOK CLUBS ARE ABLE TO USE THE SPACE IN THE EVENINGS. ON WEEKENDS THE WRITE PLACE HOSTS AUTHOR READINGS AND ARTISTS WHO TEACH PAPER MAKING, BOOK BINDING, AND PAPER CRAFTS OF MANY KINDS. SPONSOR THE GREAT VALLEY BOOKFEST EVENT: THIS IS A FUN-FILLED EVENT WHERE YOU CAN MINGLE WITH YOUR FAVORITE AUTHORS, DISCOVER NEW ONES, OR PICK UP THAT BOOK YOU HAVE BEEN DYING TO READ. THIS ONE-DAY EVENT IS FREE WHICH INCLUDES A FULL DAY OF AUTHOR PRESENTATIONS, WORKSHOPS, COOKING DEMONSTRATIONS, A PARADE, AND PERFORMANCES. THE GREAT VALLEY BOOKFEST IS CENTRALLY LOCATED AT THE PROMENADE SHOPS AT ORCHARD VALLEY (BASS PRO CENTER) IN MANTECA.

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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 $23,796

Program Service Revenue $0

Investment Income $68,884

Other Revenue $20,463

TOTAL REVENUE $113,143

Expense Breakdown

Grants Paid $21,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,976

Other Expenses $39,171

TOTAL EXPENSES $60,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,143	$91,757	+0.2%
Expenses	$60,871	$116,182	-0.5%
Net Income	$52,272	$-24,425	-3.1%

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
FRANCES RICHARDSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
LOUIS PONICK	TREASURER	2.00	Officer Director	$0	$0	$0
MICHIKO SOTO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEENA CONTRERAS	DIRECTOR	0.50	Director	$0	$0	$0
ANNA SASS	SECRETARY	2.00	Officer Director	$0	$0	$0
FOLORUNSO ASHAOLU	DIRECTOR	0.50	Director	$0	$0	$0
ERIKA CAMPOS	DIRECTOR	0.50	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
2025	$113,143	$60,871	$2,143,476	$52,272
2024	$91,757	$116,182	$2,010,168	$-24,425
2023	$34,895	$106,768	$1,963,072	$-71,873
2022	$12,903	$66,156	$1,944,053	$-53,253
2021	$71,966	$42,798	$2,186,244	$29,168
2020	$55,961	$48,571	$2,046,002	$7,390
2019	$53,965	$23,835	$2,012,365	$30,130
2018	$77,962	$60,071	$1,838,332	$17,891

LIBRARY AND LITERACY FOUNDATION OF SAN JOAQUIN COUNTY