GLENDALE LIBRARY ARTS & CULTURE TR… - 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

2020

Legal Domicile

Principal Officer

KRISTA RAIMONDO

Phone

8189377813

Tax Period

2023-01-01 to 2023-12-31

GLENDALE LIBRARY ARTS & CULTURE TRUST, founded in 2020, is a small nonprofit in the Unknown sector that reported $334K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 43% operating margin.

Mission

THE SPECIFIC PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO SOLICIT, RAISE, ADMINISTER AND INVEST FUNDS TO SUPPORT THE DEVELOPMENT AND EXPANSION OF CURRENT AND FUTURE PROGRAMS, SERVICES, CAPITAL IMPROVEMENTS, AND OTHER RELATED ACTIVITIES FOR THE CITY OF GLENDALE LIBRARY, ARTS AND CULTURE DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $130,125

TO PROVIDE BOOKS, SUPPORT, AND EQUIPMENT TO THE GLENDALE CENTRAL LIBRARY AND ALL OTHER BRANCHES.

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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 $301,240

Program Service Revenue $0

Investment Income $32,602

Other Revenue $0

TOTAL REVENUE $333,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,945

Fundraising Expenses $0

Program Expenses $130,125

Other Expenses $51,498

TOTAL EXPENSES $191,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,842	$159,095	+1.1%
Expenses	$191,443	$247,765	-0.2%
Net Income	$142,399	$-88,670	-2.6%

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

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
JEN HUANG	DIRECTOR	1.00	Director	$0	$0	$0
BECKY GIMPLE	DIRECTOR	1.00	Director	$0	$0	$0
ANAHID OSHAGAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE QUINONEZ-SKINNER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA RAIMONDO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE VEGA	DIRECTOR	1.00	Director	$0	$0	$0
JANE VIAR	PRESIDENT	1.00	Officer	$0	$0	$0
SHANT SHAHOIAN	SECRETARY	1.00	Officer	$0	$0	$0
HAGOP EULMESSEKIAN	TREASURER	1.00	Officer	$0	$0	$0
JOAN ZIERHUT	VICE PRESIDENT	1.00	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	$333,842	$191,443	$1,349,771	$142,399
2022	$159,095	$247,765	$1,207,372	$-88,670
2021	$349,513	$97,005	$1,275,944	$252,508
2020	$280,387	$35,950	$323,994	$244,437
2019	$40,195	$39,494	$79,557	$701

GLENDALE LIBRARY ARTS & CULTURE TRUST