HERMOSA BEACH FRIENDS OF THE LIBRAR (EIN 953512644) - 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

1981

Legal Domicile

Principal Officer

GEORGE CEMAN PRESIDENT

Tax Period

2023-01-01 to 2023-12-31

HERMOSA BEACH FRIENDS OF THE LIBRAR, founded in 1981, is a micro nonprofit that reported $95K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $81K left a modest 15% surplus.

Mission

PROVIDE BOOKS, PERIODICALS, RECORDINGS AND EQUIPMENT TO THE HERMOSA PUBLIC LIBRARY WHICH WOULD BE UNAVAILABLE OTHERWISE, ENCOURAGE COMMUNITY PARTICIPATION IN LIBRARY ACTIVITIES BY PROVIDING FUNDING SUPPORT AND IN-KIND GIFTS FOR INCREASED PROGRAM OFFERINGS FOR ALL AGES.

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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 $46,534

Program Service Revenue $10,296

Investment Income $38,607

Other Revenue $0

TOTAL REVENUE $95,437

Expense Breakdown

Grants Paid $46,221

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,323

Other Expenses $35,102

TOTAL EXPENSES $81,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,437	$613,117	-0.8%
Expenses	$81,323	$78,032	+0.0%
Net Income	$14,114	$535,085	-1.0%

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

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
TANIA GILLESPIE	PUBLICITY CHAIR	15.00	Director	$0	$0	$0
BETTY STARR	WEBSITE	5.00	Director	$0	$0	$0
TEENA MOODY	TREASURER	10.00	Director	$0	$0	$0
SUE DE LA CAMP	OPERATIONS MANAGER	15.00	Director	$0	$0	$0
ROBIN LEHRER	VICE PRESIDENT	15.00	Director	$0	$0	$0
LINDA MARR	SECRETARY	5.00	Director	$0	$0	$0
GEORGE CEMAN	PRESIDENT	5.00	Officer 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	No data	No data	No data	No data
2023	$95,437	$81,323	$1,381,529	$14,114
2022	$576,355	$41,270	$1,262,712	$535,085
2022	$613,117	$78,032	$1,262,712	$535,085
2021	$617,019	$13,770	$821,040	$603,249
2021	$689,226	$85,977	$821,040	$603,249

HERMOSA BEACH FRIENDS OF THE LIBRAR