FRIENDS OF THE SANTA MONICA PUBLIC LIBRARY (EIN 956092414) - 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

Legal Domicile

Phone

3104286025

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE SANTA MONICA PUBLIC LIBRARY is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 24% operating margin.

Mission

To support all the public programs of the Santa Monica Public Library, including programs for young children, youth and adults. Special programs motivating reading, including books and other materials; images archives and conservation.

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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 $130,980

Program Service Revenue $0

Investment Income $7,709

Other Revenue $68,629

TOTAL REVENUE $207,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,485

Other Expenses $157,462

TOTAL EXPENSES $157,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,318	$103,867	+1.0%
Expenses	$157,462	$91,485	+0.7%
Net Income	$49,856	$12,382	+3.0%

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

N/A

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
RACHEL GINNERTY	Board Chair	3.00	Officer	$0	$0	$0
KENT LEWIS	Vice President	3.00	Officer	$0	$0	$0
BEN BALLARD	Rec. Secretary	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	$207,318	$157,462	$277,110	$49,856

FRIENDS OF THE SANTA MONICA PUBLIC LIBRARY