SANTA BARBARA PUBLIC LIBRARY FOUNDATION

EIN: 460750188 501(c)(3) Public & Societal Benefit

SANTA BARBARA, CA

Total Revenue
$869,209
Total Expenses
$929,566
Total Assets
$4,116,222
Net Assets
$3,772,410
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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
2012
Legal Domicile
CA
Principal Officer
ANNA ALLDREDGE
Phone
8056892448
Tax Period
2024-07-01 to 2025-06-30

SANTA BARBARA PUBLIC LIBRARY FOUNDATION, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $869K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $3.8M represent 52 months of operating reserves.

Mission

TO SUPPORT THE LONG-TERM HEALTH AND SUSTAINABILITY OF THE SANTA BARBARA PUBLIC LIBRARY.

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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 $699,335
Program Service Revenue $0
Investment Income $169,874
Other Revenue $0
TOTAL REVENUE $869,209

Expense Breakdown

Grants Paid $612,620
Salaries & Benefits $170,482
Fundraising Expenses $77,201
Program Expenses $674,113
Other Expenses $146,464
TOTAL EXPENSES $929,566

Year-over-Year Comparison

2024 2023 Change
Revenue $869,209 $1,228,773 -0.3%
Expenses $929,566 $3,732,520 -0.8%
Net Income $-60,357 $-2,503,747 -1.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
15

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
5
$120,518
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA ALLDREDGE PRESIDENT 4.00
Officer Director
$0 $0 $0
RAISSA SMOROL VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BROOKE MCDERMOTT TREASURER 3.00
Officer Director
$0 $0 $0
PETER GINSBERG SECRETARY 2.00
Officer Director
$0 $0 $0
PALOMA ARNOLD DIRECTOR 1.00
Director
$0 $0 $0
ALAN BRUMBERGER DIRECTOR 1.00
Director
$0 $0 $0
SUSAN CASE DIRECTOR 1.00
Director
$0 $0 $0
BELMA MICHAEL JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
IRENE KELLY DIRECTOR 1.00
Director
$0 $0 $0
DAVID MCFADDEN DIRECTOR 1.00
Director
$0 $0 $0
LAUREN TRUJILLO FOUNDATION DIRECTOR 40.00
Officer
$113,993 $6,525 $120,518
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 $869,209 $929,566 $4,116,222 $-60,357
2024 $1,228,773 $3,732,520 $3,714,958 $-2,503,747
2023 $671,986 $363,960 $6,215,870 $308,026
2022 $2,912,721 $288,954 $5,801,319 $2,623,767
2021 $1,440,574 $306,052 $3,473,358 $1,134,522
2020 $1,336,900 $907,842 $2,082,847 $429,058
2019 $167,644 $270,899 $1,743,527 $-103,255
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