FRIENDS OF SAN CARLOS LIBRARY

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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

2000

Legal Domicile

Principal Officer

AMY SCHWIMMER

Phone

6505910341

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SAN CARLOS LIBRARY, founded in 2000, is a small nonprofit in the Education sector that reported $155K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $76K, a strong 49% operating margin.

Mission

TO FURTHER THE PUBLIC'S INTEREST IN READING AND APPRECIATION FOR THE VALUE OF THE SAN CARLOS CALIRORNIA PUBLIC LIBRARY TO THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $74,817 Revenue: $113,928

FRIENDS OF THE SAN CARLOS LIBRARY PROMOTES COMMUNITY SUPPORT FOR AND USE OF THE SAN CARLOS LIBRARY; INFORMS MEMBERS ABOUT ISSUES AFFECTING THE LIBRARY; AND PROVIDES FINANCIAL ASSISTANCE FOR THE...

FRIENDS OF THE SAN CARLOS LIBRARY PROMOTES COMMUNITY SUPPORT FOR AND USE OF THE SAN CARLOS LIBRARY; INFORMS MEMBERS ABOUT ISSUES AFFECTING THE LIBRARY; AND PROVIDES FINANCIAL ASSISTANCE FOR THE LIBRARY'S PROGRAMS. IN ADDITION TO OPERATIONAL SUPPORT,FRIENDS OF THE SAN CARLOS LIBRARY PROVIDES FUNDING FOR SUPPLEMENTAL LIBRARY MATERIALS, EQUIPMENT, AND RENOVATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,367

Program Service Revenue $113,928

Investment Income $33,862

Other Revenue $0

TOTAL REVENUE $155,157

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $0

Fundraising Expenses $192

Program Expenses $74,817

Other Expenses $13,901

TOTAL EXPENSES $78,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,157	$172,949	-0.1%
Expenses	$78,901	$73,790	+0.1%
Net Income	$76,256	$99,159	-0.2%

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

N/A

Volunteers

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
BEN CASTANEDA	MEMBER-AT-LA	2.00	Director	$0	$0	$0
ROY HOYER	MEMBER-AT-LA	2.00	Director	$0	$0	$0
NANCY LAXSON-HIGHTON	MEMBER-AT-LA	2.00	Director	$0	$0	$0
CATHY RETTBERG	MEMBER-AT-LA	2.00	Director	$0	$0	$0
WREN RICCI	MEMBER-AT-LA	2.00	Director	$0	$0	$0
JANICE SMITH	MEMBER-AT-LA	2.00	Director	$0	$0	$0
ALISON SPONG	MEMBER-AT-LA	2.00	Director	$0	$0	$0
MOLLY NGUYEN	TREASURER	2.00	Officer	$0	$0	$0
AMY SCHWIMMER	PRESIDENT	2.00	Officer	$0	$0	$0
LAURIE SEIDLER	SECRETARY	2.00	Officer	$0	$0	$0
LINDA TOWNSEND	VICE PRESIDE	2.00	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	$155,157	$78,901	$916,874	$76,256
2024	$172,949	$73,790	$840,271	$99,159
2023	$222,881	$103,276	$737,198	$119,605
2022	$180,742	$170,107	$613,221	$10,635
2021	$66,327	$64,385	$602,586	$1,942
2020	$169,773	$76,908	$600,644	$92,865