FRIENDS OF THE ENCINITAS 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

1980

Legal Domicile

Principal Officer

KARIN FITTANTE

Phone

7607538245

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE ENCINITAS LIBRARY, founded in 1980, is a small nonprofit that reported $149K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $570K represent 46 months of operating reserves.

Mission

THE ENCINITAS LIBRARY STRIVES TO ENCOURAGE LITERACY, LIFELONG LEARNING AND THE LOVE OF READING THROUGHOUT OUR DIVERSE COMMUNITY. TO ENHANCE THE LIBRARYS RESOURCES, INCREASE THE COMMUNITYS ACCESS TO INFORMATION AND KNOWLEDGE, AND TO PROVIDE A VIBRANT CULTURAL GATHERING PLACE.

Program Service Accomplishments

Program 1

Expenses: $89,102 Revenue: $941

FOEL PARTICIPATED IN THE SD COUNTY LIBRARYS MATCHING FUNDS PROGRAM BY CONTRIBUTING $31,093 OF WHICH THE COUNTY MATCHED FOR THE PURCHASE OF NEW DIGITAL BOOKS. THE LIBRARY PROGRAMS INCLUDED FOOD AND...

FOEL PARTICIPATED IN THE SD COUNTY LIBRARYS MATCHING FUNDS PROGRAM BY CONTRIBUTING $31,093 OF WHICH THE COUNTY MATCHED FOR THE PURCHASE OF NEW DIGITAL BOOKS. THE LIBRARY PROGRAMS INCLUDED FOOD AND CRAFT, REGULAR PERFORMER AND INSTRUCTOR EVENTS.

Program 2

Expenses: $18,066 Revenue: $8,734

FOEL SPONSORS CULTURAL EVENTS SUCH AS POETRY WORKSHOPS, MUSICAL PERFORMANCES, AND SIGNATURE PROGRAMS FOSTERING COMMUNITY ENGAGEMENT.

Program 3

Expenses: $17,430 Revenue: $114,904

FOEL OPERATES A BOOKSTORE IN SUPPORT OF THE ENCINITAS LIBRARY, USING SALES TO FUND LIBRARY PROGRAMS AND ACQUISITIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $17,012

Program Service Revenue $124,579

Investment Income $7,878

Other Revenue $0

TOTAL REVENUE $149,469

Expense Breakdown

Grants Paid $31,093

Salaries & Benefits $0

Fundraising Expenses $9,118

Program Expenses $124,598

Other Expenses $123,416

TOTAL EXPENSES $154,509

Year-over-Year Comparison

	2025	2024	Change
Revenue	$149,469	$137,021	+0.1%
Expenses	$154,509	$160,948	0.0%
Net Income	$-5,040	$-23,927	-0.8%

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
JANET L CHRIST	DIRECTOR	4.00	Director	$0	$0	$0
JANINE FREE	DIRECTOR	4.00	Director	$0	$0	$0
KATHY ANDERSON	SECRETARY	4.00	Officer Director	$0	$0	$0
JAMES AUSTIN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
SCOTT GRIFFITHS	DIRECTOR	4.00	Director	$0	$0	$0
COLEEN FLAHERTY	DIRECTOR	4.00	Director	$0	$0	$0
EDIE JIRAK	DIRECTOR	4.00	Director	$0	$0	$0
KARIN FITTANTE	PRESIDENT	4.00	Officer Director	$0	$0	$0
TERRELL TYRA	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL GORMLEY	TREASURER	4.00	Officer Director	$0	$0	$0
JOYCE KING	DIRECTOR	4.00	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	$149,469	$154,509	$569,678	$-5,040
2024	No data	No data	No data	No data
2023	$135,141	$144,594	$540,141	$-9,453
2022	$174,325	$84,970	$526,129	$89,355