WHITTIER PUBLIC LIBRARY FOUNDATION

EIN: 954714775 501(c)(3) Education

WHITTIER, CA

Total Revenue
$1,450,841
Total Expenses
$88,297
Total Assets
$2,641,797
Net Assets
$2,641,797
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
MIKE GARABEDIAN
Phone
5626984990
Tax Period
2023-07-01 to 2024-06-30

WHITTIER PUBLIC LIBRARY FOUNDATION, founded in 1998, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 766% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 94% operating margin.

Mission

TO HELP SECURE AND MAINTAIN FUNDING FOR THE WHITTIER PUBLIC LIBRARY. TO SERVE AS A CONDUIT BETWEEN THE LIBRARY AND THE DIVERSE COMMUNITY.

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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 $1,284,688
Program Service Revenue $0
Investment Income $142,558
Other Revenue $23,595
TOTAL REVENUE $1,450,841

Expense Breakdown

Grants Paid $10,702
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $62,803
Other Expenses $77,595
TOTAL EXPENSES $88,297

Year-over-Year Comparison

2023 2022 Change
Revenue $1,450,841 $167,599 +7.7%
Expenses $88,297 $160,791 -0.5%
Net Income $1,362,544 $6,808 +199.1%
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
18
Independent Members
18
Employees
N/A
Volunteers
20

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
8
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA BECK BOARD MEMBER 2.00
Director
$0 $0 $0
VIRGINIA BALL BOARD MEMBER 2.00
Director
$0 $0 $0
LAILA JACOBSMA BOARD MEMBER 2.00
Director
$0 $0 $0
BILL GEIGER BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY DICUS BOARD MEMBER 2.00
Director
$0 $0 $0
MYRA WEISS BOARD MEMBER 2.00
Director
$0 $0 $0
BRUCE LAZENBY BOARD MEMBER 2.00
Director
$0 $0 $0
PAM BUTLER BOARD MEMBER 2.00
Director
$0 $0 $0
PAMELA FLORIN BOARD MEMBER 2.00
Director
$0 $0 $0
CINDY GREENUP BOARD MEMBER 2.00
Director
$0 $0 $0
MANDY KNIGHT BOARD MEMBER 2.00
Director
$0 $0 $0
BERTA LEON BOARD MEMBER 2.00
Director
$0 $0 $0
SUZANNA MENDOZA BOARD MEMBER 2.00
Director
$0 $0 $0
RYNE PEARSON BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLES ADAMS SECRETARY 5.00
Officer
$0 $0 $0
SONIA CHAIDEZ VICE PRESIDENT 5.00
Officer
$0 $0 $0
NORM KIRSCHENBAUM PAST PRESIDENT 5.00
Officer
$0 $0 $0
MIKE GARABEDIAN PRESIDENT 5.00
Officer
$0 $0 $0
ART REVUELTAS TREASURER 5.00
Officer
$0 $0 $0
MARTHA PATTERSON VICE PRESIDENT 5.00
Officer
$0 $0 $0
MARY MCCARTHY PRESIDENT ELECT 5.00
Officer
$0 $0 $0
PANY SUDICK VICE PRESIDENT 5.00
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 $1,450,841 $88,297 $2,641,797 $1,362,544
2023 $167,599 $160,791 $1,279,253 $6,808
2022 $959,643 $1,006,980 $1,285,855 $-47,337
2021 $289,777 $32,645 $1,491,258 $257,132
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