PACIFIC PALISADES LIBRARY ASSOCIATION INC (EIN 954273773) - 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

1961

Legal Domicile

Principal Officer

LAURA SMISSAERT

Phone

8183799800

Tax Period

2023-01-01 to 2023-12-31

PACIFIC PALISADES LIBRARY ASSOCIATION INC, founded in 1961, is a micro nonprofit that reported $85K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. Expenses of $194K exceeded revenue, resulting in a 127% operating deficit.

Mission

THE LIBRARY PROVIDES FREE AND EASY ACCESS TO INFORMATION, IDEAS, BOOKS AND TECHNOLOGY THAT ENRICH, EDUCATE AND EMPOWER EVERY INDIVIDUAL IN THE CITY'S DIVERSE COMMUNITIES.

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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 $32,385

Program Service Revenue $2,207

Investment Income $50,505

Other Revenue $0

TOTAL REVENUE $85,097

Expense Breakdown

Grants Paid $86,194

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,322

Other Expenses $107,385

TOTAL EXPENSES $193,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,097	$40,373	+1.1%
Expenses	$193,579	$100,386	+0.9%
Net Income	$-108,482	$-60,013	+0.8%

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
LAURA SMISSAERT	PRESIDENT	20.00	Director	$0	$0	$0
IRENE PAZIRANDEH	TREASURER	7.00	Director	$0	$0	$0
WENDY EDLEN	VP BOOK SALES	5.00	Director	$0	$0	$0
KAREN STIGLER	RECORDING SECRETARY	1.00	Director	$0	$0	$0
KATHY SLATTERY	VP COMMUNICATIONS	5.00	Director	$0	$0	$0
HILLARY VARI	VP MEMBERSHIP	5.00	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
2024	No data	No data	No data	No data
2023	$85,097	$193,579	$1,923,383	$-108,482
2022	$40,373	$100,386	$1,769,852	$-60,013
2021	$442,925	$50,362	$2,138,636	$392,563
2020	$62,140	$34,073	$1,601,258	$28,067
2019	$169,903	$52,142	$1,442,447	$117,761
2018	$102,816	$50,891	$1,228,283	$51,925

PACIFIC PALISADES LIBRARY ASSOCIATION INC