Torrance Public Library Foundation

EIN: 954503976 501(c)(3) Education

TORRANCE, CA

Total Revenue
$252,661
Total Expenses
$10
Total Assets
$252,651
Net Assets
$252,651
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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
1994
Legal Domicile
CA
Principal Officer
Sunni Won
Phone
3109516001
Tax Period
2023-01-01 to 2023-12-31

Torrance Public Library Foundation, founded in 1994, is a small nonprofit in the Education sector that reported $253K in total revenue in fiscal year 2023. The organization ran a surplus of $253K, a strong 100% operating margin.

Mission

The mission of the Torrance Public Library Foundation is to raise funds to enhance and develop present and future generations by creating and maintaining a premier library system.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $252,618
Program Service Revenue $0
Investment Income $43
Other Revenue $0
TOTAL REVENUE $252,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $10
TOTAL EXPENSES $10

Year-over-Year Comparison

2023 2022 Change
Revenue $252,661 N/A N/A
Expenses $10 N/A N/A
Net Income $252,651 $0 N/A
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keri Gilbert CEO 1.00
Officer
$0 $0 $0
Kurt Weideman Secretary 1.00
Officer
$0 $0 $0
Heather Cousin Ex-Offico Member 0.50
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
2023 $252,661 $10 $252,651 $252,651
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