BURLINGAME LIBRARY FOUNDATION (EIN 943220365) - 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

1995

Legal Domicile

Principal Officer

CINDY LAZZARETTI

Phone

6505587408

Tax Period

2024-01-01 to 2024-12-31

BURLINGAME LIBRARY FOUNDATION, founded in 1995, is a small nonprofit in the Education sector that reported $588K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 58% operating margin.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO RAISE MONEY/PURCHASE ASSETS FOR THE BENEFIT OF THE BURLINGAME LIBRARY AND TO PROMOTE THE LIBRARY TO THE PUBLIC

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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 $154,445

Program Service Revenue $0

Investment Income $299,141

Other Revenue $134,532

TOTAL REVENUE $588,118

Expense Breakdown

Grants Paid $173,655

Salaries & Benefits $50,930

Fundraising Expenses $0

Program Expenses $228,560

Other Expenses $23,349

TOTAL EXPENSES $247,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,118	$306,974	+0.9%
Expenses	$247,934	$238,970	+0.0%
Net Income	$340,184	$68,004	+4.0%

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

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

$46,901

Total Directors

$46,901

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY LAZZARETTI	PRESIDENT	3.50	Officer Director	$0	$0	$0
MARILYN MEYERSON	SECRETARY	1.90	Officer Director	$0	$0	$0
CANDACE SAVOIE	TREASURER	2.30	Officer Director	$0	$0	$0
SARAH SIMSON	EXECUTIVE DIRECTOR	15.00	Officer Director	$46,901	$0	$46,901
BRAD MCCULLEY	CITY LIBRARIAN	1.00	Officer Director	$0	$0	$0
ANDREA EASTMAN	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY BOJACK	DIRECTOR	1.00	Director	$0	$0	$0
CHICK RUNKEL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA FUNK	DIRECTOR	1.00	Director	$0	$0	$0
FRANK PAGLIARO	DIRECTOR	1.00	Director	$0	$0	$0
GEETIKA BOBBA	DIRECTOR	1.00	Director	$0	$0	$0
JIM CANNON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HOOK	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY DOCTO	DIRECTOR	1.00	Director	$0	$0	$0
LOUISA LA FARGE	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN HURWITZ	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON PALEY	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA VASANTHARAM	DIRECTOR	1.00	Director	$0	$0	$0
TERRI ANNE MERCHANT	DIRECTOR	1.00	Director	$0	$0	$0
TERRI NEILL	DIRECTOR	1.00	Director	$0	$0	$0
VIDYA NATHU	DIRECTOR	1.00	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	$588,118	$247,934	$2,402,580	$340,184
2023	$306,974	$238,970	$2,071,584	$68,004
2022	$427,246	$185,659	$1,829,668	$241,587
2021	$330,378	$109,647	$2,007,084	$220,731
2020	$194,298	$122,453	$1,710,117	$71,845
2019	$399,269	$279,632	$1,516,626	$119,637
2018	$373,515	$182,686	$1,128,769	$190,829

BURLINGAME LIBRARY FOUNDATION