THE CARLSBAD LIBRARY AND ARTS FOUNDATION (EIN 330841131) - 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

Formation Year

1999

Legal Domicile

Principal Officer

FRANK RUSCETTI

Phone

7602169593

Tax Period

2023-01-01 to 2023-12-31

THE CARLSBAD LIBRARY AND ARTS FOUNDATION, founded in 1999, is a small nonprofit in the Education sector that reported $278K in total revenue in fiscal year 2023. Revenue surged 243% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 60% operating margin.

Mission

FOR THE BENEFIT OF THE CARLSBAD LIBRARY AND ITS PROGRAMS OF FREE ACCESS TO INFORMATION.

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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 $0

Program Service Revenue $0

Investment Income $278,230

Other Revenue $0

TOTAL REVENUE $278,230

Expense Breakdown

Grants Paid $105,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,243

Other Expenses $5,678

TOTAL EXPENSES $110,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,230	$81,224	+2.4%
Expenses	$110,678	$215,205	-0.5%
Net Income	$167,552	$-133,981	-2.3%

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
ALFREDO GONZALES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GITA NASSIRI	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK RUSCETTI	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN LUCAS	SECRETARY	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$278,230	$110,678	$4,783,411	$167,552
2022	$81,224	$215,205	$4,288,875	$-133,981
2021	$73,609	$183,657	$5,027,156	$-110,048
2020	$212,843	$222,268	$4,554,691	$-9,425
2019	$145,205	$181,745	$4,396,112	$-36,540
2018	$117,356	$143,971	$3,833,270	$-26,615

THE CARLSBAD LIBRARY AND ARTS FOUNDATION