PENINSULA FRIENDS OF THE 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

1961

Legal Domicile

Principal Officer

RON DEFREES

Phone

3103779584

Tax Period

2021-07-01 to 2022-06-30

PENINSULA FRIENDS OF THE LIBRARY, founded in 1961, is a small nonprofit in the Education sector that reported $586K in total revenue in fiscal year 2021. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $149K, a strong 25% operating margin.

Mission

THE MISSION OF THE PENINSULA FRIENDS OF THE LIBRARY IS TO RAISE FUNDS TO SUPPORT THE PALOS VERDES LIBRARY DISTRICT ("PLVD") AND TO BUILD COMMUNITY AWARENESS AND ENTHUSIASM FOR PVLD SERVICES, PROGRAMS, AND NEEDS.

Program Service Accomplishments

Program 1

Expenses: $225,516

THE ORGANIZATION BUILDS COMMUNITY AWARENESS AND ENTHUSIASM FOR THE PALOS VERDES LIBRARY DISTRICT PROGRAMS. THE ORGANIZATION HOLDS SPECIAL EVENTS AND RUNS THE SALES OF DONATED BOOKS FOR THE LIBRARY.

Program 2

Expenses: $125,275

THE ORGANIZATION CONTRIBUTES FUNDS TO SUPPORT THE PALOS VERDES LIBRARY DISTRICT FOR SUPPORT SERVICES THAT INCLUDE CAPITAL CONTRIBUTIONS TOWARDS LIBRARY EVENTS,EQUIPMENT, NEWSLETTER, SUNDAY LIBRARY...

THE ORGANIZATION CONTRIBUTES FUNDS TO SUPPORT THE PALOS VERDES LIBRARY DISTRICT FOR SUPPORT SERVICES THAT INCLUDE CAPITAL CONTRIBUTIONS TOWARDS LIBRARY EVENTS,EQUIPMENT, NEWSLETTER, SUNDAY LIBRARY SERVICES, THE YOUTH SUMMER READING PROGRAM, AND INTERNET ACCESS FOR LIBRARY PATRONS.

Program 3

THE ORGANIZATION COORDINATES THE PALOS VERDES LIBRARY DISTRICT'S BOOKS FOR TROOPS PROGRAM, WHICH SUPPLIES FREE BOOKS TO THE U.S. MILITARY PERSONNEL. SINCE ITS START IN 2004, THE ORGANIZATION...

THE ORGANIZATION COORDINATES THE PALOS VERDES LIBRARY DISTRICT'S BOOKS FOR TROOPS PROGRAM, WHICH SUPPLIES FREE BOOKS TO THE U.S. MILITARY PERSONNEL. SINCE ITS START IN 2004, THE ORGANIZATION VOLUNTEERS HAVE GATHERED, SORTED, CLEANED, PACKAGED AND SHIPPED BOOKS, CDS, DVDS AND MAGAZINES TO U.S. ARMY, NAVY, AIR FORCE, COAST GUARD AND MARINE UNITS ALL OVER THE WORLD. THE ORGANIZATION ALSO SENDS BOOKS TO SERVICE FAMILIES AND VETERANS AFFAIRS HOSPITALS, AND SELLS DONATED BOOKS AND RUNS A SHOP IN THE PALOS VERDES LIBRARY

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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 (2021)

Revenue Breakdown

Contributions & Grants $319,868

Program Service Revenue $144,306

Investment Income $86,049

Other Revenue $35,618

TOTAL REVENUE $585,841

Expense Breakdown

Grants Paid $220,966

Salaries & Benefits $125,130

Fundraising Expenses $0

Program Expenses $350,791

Other Expenses $91,133

TOTAL EXPENSES $437,229

Year-over-Year Comparison

	2021	2020	Change
Revenue	$585,841	$496,626	+0.2%
Expenses	$437,229	$261,010	+0.7%
Net Income	$148,612	$235,616	-0.4%

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

200

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
COLLEEN COTTER	EXECUTIVE DIRECTOR	0.00		$100,200	$0	$100,200
RON DeFREES	President	10.00	Officer Director	$0	$0	$0
SHARRON PARKE	Vice President	5.00	Officer Director	$0	$0	$0
GEORGE LEGG	Treasurer	3.00	Officer Director	$0	$0	$0
NANCY MAHR	Secretary	3.00	Officer Director	$0	$0	$0
CHRISTEN KING	Director	2.00	Director	$0	$0	$0
MARY JO HAZARD	Director	3.00	Director	$0	$0	$0
CONNIE KAN	Director	3.00	Director	$0	$0	$0
SABINA MERCHANT	Director	1.00	Director	$0	$0	$0
DAVID MILAM	Director	2.00	Director	$0	$0	$0
LLOYD MISTELE	Director	8.00	Director	$0	$0	$0
DARLENE SKORKA	Director	5.00	Director	$0	$0	$0
RAY RANDALL	Director	8.00	Director	$0	$0	$0
HELEN STODDART	Director	2.00	Director	$0	$0	$0
PETER SWEERS	Director	10.00	Director	$0	$0	$0
SUSAN PAUL	Director	10.00	Director	$0	$0	$0
JENNIFER KING	Director	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$585,841	$437,229	$3,297,168	$148,612
2021	$496,626	$261,010	$3,391,400	$235,616
2020	$572,091	$607,308	$2,475,783	$-35,217
2019	$816,435	$756,055	$2,465,191	$60,380
2018	$687,425	$624,187	$1,978,231	$63,238