FRIENDS OF THE PALO ALTO LIBRARY

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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

1966

Legal Domicile

Principal Officer

HENRY YU

Phone

6504946535

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE PALO ALTO LIBRARY, founded in 1966, is a small nonprofit in the Education sector that reported $482K in total revenue in fiscal year 2024. The organization ran a surplus of $100K, a strong 21% operating margin.

Mission

SUPPORT THE PALO ALTO CITY LIBRARY

Program Service Accomplishments

Program 1

Expenses: $249,937 Revenue: $384,381

DONATED ITEMS ON THE ORDER OF ABOUT 100,000 BOOKS, VIDEOS, CDS AND MORE A YEAR ARE SOLD THROUGH BOOK SALES, GIVEN TO NONPROFITS AND THE PUBLIC.

Program 2

Expenses: $82,839 Revenue: $97,548

CONDUCT PROJECTS THAT SUPPORT THE PALO ALTO LIBRARY, SUCH AS SPONSORING CHILDREN'S PROGRAMS, PURCHASING BOOKS, DVDS AND AUDIO BOOKS, FUNDING THE SUMMER READING PROGRAM, PROVIDING STAFF AWARDS...

CONDUCT PROJECTS THAT SUPPORT THE PALO ALTO LIBRARY, SUCH AS SPONSORING CHILDREN'S PROGRAMS, PURCHASING BOOKS, DVDS AND AUDIO BOOKS, FUNDING THE SUMMER READING PROGRAM, PROVIDING STAFF AWARDS, SUBSCRIBING TO ONLINE DATABASES, OBTAINING NEW PATRON COMPUTERS AND COMPUTER SUPPLIES.

Program 3

Expenses: $11,592

PROVIDE INFORMATION ABOUT THE PALO ALTO LIBRARY TO MEMBERS AND THE GENERAL PUBLIC THROUGH NEWSLETTERS, EMAILS, MEETINGS, PUBLICATIONS, AND ADVERTISEMENTS.

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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 $41,106

Program Service Revenue $41,119

Investment Income $15,755

Other Revenue $384,381

TOTAL REVENUE $482,361

Expense Breakdown

Grants Paid $120,000

Salaries & Benefits $76,325

Fundraising Expenses $971

Program Expenses $344,368

Other Expenses $186,174

TOTAL EXPENSES $382,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,361	$450,379	+0.1%
Expenses	$382,499	$406,553	-0.1%
Net Income	$99,862	$43,826	+1.3%

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

160

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
JENNY MUNRO	Director	8.00	Director	$0	$0	$0
KAREN DalCOLLETTO	Director	8.00	Director	$0	$0	$0
NIGEL JONES	Director	7.00	Director	$0	$0	$0
SUZANNE LITTLE	Director	14.00	Director	$0	$0	$0
GERRY MASTELLER	Director	5.00	Director	$0	$0	$0
NANCY COHEN	Director	12.00	Director	$0	$0	$0
TINA KASS	Director	10.00	Director	$0	$0	$0
YOUNG-JEH OH	Director	15.00	Director	$0	$0	$0
STEVEN STAIGER	Director	4.00	Director	$0	$0	$0
GEORGE CHALTAS	Director	6.00	Director	$0	$0	$0
NANCY TILLMAN	Director	3.00	Director	$0	$0	$0
NIKOLE MILLER	Vice President	5.00	Officer	$0	$0	$0
MARCIE BROWN	Secretary	3.00	Officer	$0	$0	$0
JOHN WANG	Treasurer	10.00	Officer	$0	$0	$0
STEVE BELLAMY	Asst Treasurer	7.00	Officer	$0	$0	$0
HENRY YU	President	20.00	Officer	$0	$0	$0
CHARLOTTE EPSTEIN	DIRECTOR	1.00		$0	$0	$0
MELINDA PARRY	VICE PRESIDENT	17.00		$0	$0	$0
SUZANNE CHOLKO	SECRETARY	10.00		$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	$482,361	$382,499	$717,027	$99,862
2024	$450,379	$406,553	$618,253	$43,826
2023	$408,025	$402,869	$585,487	$5,156
2022	$403,008	$314,321	$559,670	$88,687
2021	$320,656	$286,318	$471,985	$34,338
2020	$333,207	$416,117	$454,345	$-82,910
2019	$408,351	$343,640	$509,726	$64,711