SANTA BARBARA PUBLIC LIBRARY FOUND… - Form 990 Financial Data

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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

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

THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION SUPPORTS THE LONG-TERM HEALTH AND SUSTAINABILITY OF THE SANTA BARBARA PUBLIC LIBRARY THROUGH PUBLIC-PRIVATE PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $674,113

THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION RAISES AND PROVIDES FINANCIAL SUPPORT FOR THE SANTA BARBARA PUBLIC LIBRARY, ENSURING ITS CONTINUED ABILITY TO SERVE THE COMMUNITY. THE FOUNDATION RAISES...

THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION RAISES AND PROVIDES FINANCIAL SUPPORT FOR THE SANTA BARBARA PUBLIC LIBRARY, ENSURING ITS CONTINUED ABILITY TO SERVE THE COMMUNITY. THE FOUNDATION RAISES FUNDS AND STRATEGICALLY ALLOCATES THEM TO MEET THE LIBRARY'S EVOLVING NEEDS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$120,518

Total Directors

Key Employees

Highest Compensated

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

SANTA BARBARA PUBLIC LIBRARY FOUNDATION