Friends of the Library of Los Altos and Community Inc (EIN 946083773) - 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

Scott Rotondo

Phone

4088358030

Tax Period

2024-07-01 to 2025-06-30

Friends of the Library of Los Altos and Community Inc, founded in 1975, is a small nonprofit in the Education sector that reported $318K in total revenue in fiscal year 2024. The organization ran a surplus of $249K, a strong 78% operating margin.

Mission

Provide financial support for the libraries of Los Altos Los Altos Main and Woodland branches of the Santa Clara County Library System as well as educational and social programs for the local community.

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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 $69,744

Program Service Revenue $213,140

Investment Income $35,571

Other Revenue $0

TOTAL REVENUE $318,455

Expense Breakdown

Grants Paid $55,174

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,331

Other Expenses $14,271

TOTAL EXPENSES $69,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,455	N/A	N/A
Expenses	$69,445	N/A	N/A
Net Income	$249,010	$0	N/A

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

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
Janet Ramusack Levine	President	20.00	Officer Director	$0	$0	$0
Karen Solheim	Vice President	20.00	Officer Director	$0	$0	$0
Karl Kneip	Treasurer	20.00	Officer Director	$0	$0	$0
Toni Wrenn	Secretary	20.00	Officer Director	$0	$0	$0
Suzanne Epstein	Director	20.00	Director	$0	$0	$0
Shar Thorson	Director	20.00	Director	$0	$0	$0
Kim Axelrod	Director	20.00	Director	$0	$0	$0
Kathie Riggle	Director	20.00	Director	$0	$0	$0
Sarah Khan	Director	20.00	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
2025	$318,455	$69,445	$1,685,663	$249,010
2024	$263,744	$175,673	$1,330,259	$88,071
2023	$243,903	$140,039	$1,146,678	$103,864
2022	$224,708	$78,929	$983,852	$145,779
2021	$96,218	$40,580	$948,286	$55,638
2020	$180,686	$163,747	$759,004	$16,939
2019	$222,845	$155,802	$742,065	$67,043

Friends of the Library of Los Altos and Community Inc