SAN BUENAVENTURA FRIENDS OF THE LI… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

MARY OLSON

Phone

4152358120

Tax Period

2023-01-01 to 2023-12-31

SAN BUENAVENTURA FRIENDS OF THE LIBRARY, founded in 1969, is a micro nonprofit in the Education sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 55% operating margin.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO ADVANCE AND PROTECT THE INTERESTS OF THE PUBLIC LIBRARIES IN THE CITY OF VENTURA, CA, AND ITS SPHERE OF INFLUENCE.

Program Service Accomplishments

Program 1

Expenses: $30,083

THE ASSOCIATION PROVIDES FUNDING FOR SUMMER READING PROGRAM SUPPLIES, EARLY CHILDHOOD DEVELOPMENT SUPPLIES AND EQUIPMENT, 3D PRINTER SUPPLIES, STEAM SUPPLIES, TEEN PROGRAMS, ADULT PROGRAMS AND...

THE ASSOCIATION PROVIDES FUNDING FOR SUMMER READING PROGRAM SUPPLIES, EARLY CHILDHOOD DEVELOPMENT SUPPLIES AND EQUIPMENT, 3D PRINTER SUPPLIES, STEAM SUPPLIES, TEEN PROGRAMS, ADULT PROGRAMS AND MATERIALS FOR FOUR VENTURA 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 $8,996

Program Service Revenue $0

Investment Income $24,140

Other Revenue $45,769

TOTAL REVENUE $78,905

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,083

Other Expenses $15,217

TOTAL EXPENSES $35,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,905	$100,896	-0.2%
Expenses	$35,217	$81,240	-0.6%
Net Income	$43,688	$19,656	+1.2%

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
MARY OLSON	President	7.00	Officer	$0	$0	$0
CAROLYN BRIGGS	Vice-President	0.00	Officer	$0	$0	$0
ANNIE WINCH	Treasurer	10.00	Officer	$0	$0	$0
ELLEN KLOPE	Secretary	4.00	Officer	$0	$0	$0
STAR SOTO	Secretary	4.00	Officer	$0	$0	$0
JOANNE FIELDS	Chairman	0.00	Officer	$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	No data	No data	No data	No data
2023	$78,905	$35,217	$662,031	$43,688
2022	$100,896	$81,240	$618,340	$19,656
2021	$86,434	$59,165	$637,691	$27,269
2020	$136,797	$67,715	$610,722	$69,082

SAN BUENAVENTURA FRIENDS OF THE LIBRARY