WHITTIER PUBLIC LIBRARY FOUNDATION

EIN: 954714775 501(c)(3) Education

WHITTIER, CA

Total Revenue
$264,954
Total Expenses
$430,895
Total Assets
$2,476,356
Net Assets
$2,475,856
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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
2024-07-01 to 2025-06-30

WHITTIER PUBLIC LIBRARY FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $265K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $431K exceeded revenue, resulting in a 63% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $139,709

ORGANIZATION IS FOR LITERACY, EDUCATIONAL, AND PUBLIC PURPOSES. THE FOUNDATION PROVIDED FUNDS TO HELP REMODEL THE CENTRAL & BRANCH LIBRARIES OF WHITTIER.

Program 2
Expenses: $53,910

FOUNDATION WAS ABLE TO PROVIDE SEVERAL RESOURCES FOR THE WHITTIER PUBLIC LIBRARY. THIS INCLUDED BOOKS, SOFTWARE, AND VARIOUS PROGRAMS THAT THE LIBRARY HOSTED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,034
Program Service Revenue $0
Investment Income $194,840
Other Revenue $20,080
TOTAL REVENUE $264,954

Expense Breakdown

Grants Paid $139,709
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,619
Other Expenses $291,186
TOTAL EXPENSES $430,895

Year-over-Year Comparison

2024 2023 Change
Revenue $264,954 $1,450,841 -0.8%
Expenses $430,895 $88,297 +3.9%
Net Income $-165,941 $1,362,544 -1.1%
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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Governance

Voting Members
18
Independent Members
18
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
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
2025 $264,954 $430,895 $2,476,356 $-165,941
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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