FRIENDS OF THE SAN DIEGO PUBLIC LI… - 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

1979

Legal Domicile

Principal Officer

PAT WILSON

Phone

6195421724

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE SAN DIEGO PUBLIC LIBRARY, founded in 1979, is a small nonprofit in the Education sector that reported $709K in total revenue in fiscal year 2024. The organization ran a surplus of $151K, a strong 21% operating margin.

Mission

THE FRIENDS OF THE SAN DIEGO PUBLIC LIBRARY ENHANCES THE SAN DIEGO PUBLIC LIBRARY SYSTEM SO THAT IT MAY FULFILL ITS LITERARY, EDUCATIONAL, TECHNOLOGICAL, COMMUNITY, AND CULTURAL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $475,180

THE FRIENDS OF THE SAN DIEGO PUBLIC LIBRARY SUPPORTED THE LIBRARY SYSTEM'S SERVICES AND PROGRAMS THROUGH DONATIONS TO THE CITY OF SAN DIEGO'S MATCHING FUND PROGRAM, WHICH PROVIDES A 1:1 MATCH FOR...

THE FRIENDS OF THE SAN DIEGO PUBLIC LIBRARY SUPPORTED THE LIBRARY SYSTEM'S SERVICES AND PROGRAMS THROUGH DONATIONS TO THE CITY OF SAN DIEGO'S MATCHING FUND PROGRAM, WHICH PROVIDES A 1:1 MATCH FOR DONATIONS UP TO $1.2 MILLION ANNUALLY, THUS DOUBLING THE IMPACT OF THE ORGANIZATION'S (FRIENDS') SUPPORT. THESE DONATIONS SUPPORT ELIGIBLE PURCHASES OF MATERIALS (BOOKS, MEDIA, ELECTRONIC RESOURCES, DATABASES, ETC.), LIBRARY PROGRAMS, EQUIPMENT, AND SUPPLIES, AND FURTHERMORE HELPED PROMOTE EQUITY AMONG THE 37 LIBRARIES, AS HALF OF THE FUNDS DERIVED FROM THE CITY MATCH ARE REDISTRIBUTED AMONG THE BRANCH LIBRARIES HAVING THE FEWEST RESOURCES AND THUS GREATEST NEEDS.

Program 2

THE FRIENDS OF THE SAN DIEGO PUBLIC LIBRARY SUPPORTED THE LIBRARY SYSTEM'S SERVICES AND PROGRAMS THROUGH DIRECT CONTRIBUTIONS TO FUND LIBRARY MATERIALS (BOOKS, MEDIA, ETC.), PROGRAMS AT THE...

THE FRIENDS OF THE SAN DIEGO PUBLIC LIBRARY SUPPORTED THE LIBRARY SYSTEM'S SERVICES AND PROGRAMS THROUGH DIRECT CONTRIBUTIONS TO FUND LIBRARY MATERIALS (BOOKS, MEDIA, ETC.), PROGRAMS AT THE LIBRARIES, EQUIPMENT, AND OTHER NEEDS, WHICH WERE NOT ELIGIBLE FOR USE OF MATCHING FUNDS.

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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 $135,364

Program Service Revenue $0

Investment Income $87,115

Other Revenue $486,273

TOTAL REVENUE $708,752

Expense Breakdown

Grants Paid $475,180

Salaries & Benefits $0

Fundraising Expenses $24,896

Program Expenses $475,180

Other Expenses $82,150

TOTAL EXPENSES $557,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$708,752	$714,124	0.0%
Expenses	$557,330	$566,577	0.0%
Net Income	$151,422	$147,547	+0.0%

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

N/A

Volunteers

350

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
PAT WILSON	PRESIDENT	15.00	Officer Director	$0	$0	$0
GENE LONG	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
CAROLYN SATTER	SECRETARY	1.50	Officer Director	$0	$0	$0
JEAN CODDINGTON	TREASURER	3.50	Officer Director	$0	$0	$0
BILL BISCHOFF	DIRECTOR	1.00	Director	$0	$0	$0
NOLAN BREYMAIER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
GORDON GIDLUND	DIRECTOR	1.00	Director	$0	$0	$0
JAN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
SAM YOEUTH	DIRECTOR	1.00	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
2025	$708,752	$557,330	$2,573,898	$151,422
2024	$714,124	$566,577	$2,422,476	$147,547
2023	$697,422	$547,353	$2,274,929	$150,069
2022	$778,774	$416,640	$2,115,229	$362,134
2021	$247,993	$261,167	$1,748,833	$-13,174
2020	$501,595	$481,465	$1,765,083	$20,130
2019	$627,819	$573,541	$1,740,157	$54,278
2018	$631,303	$696,072	$1,675,879	$-64,769

FRIENDS OF THE SAN DIEGO PUBLIC LIBRARY