FRIENDS OF THE ENCINITAS LIBRARY (EIN 953533842) - 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

1980

Legal Domicile

Principal Officer

JAMES AUSTIN

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE ENCINITAS LIBRARY, founded in 1980, is a small nonprofit that reported $135K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $540K represent 48 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.

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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 $14,687

Program Service Revenue $116,664

Investment Income $3,790

Other Revenue $0

TOTAL REVENUE $135,141

Expense Breakdown

Grants Paid $17,075

Salaries & Benefits $0

Fundraising Expenses $4,604

Program Expenses $123,752

Other Expenses $127,519

TOTAL EXPENSES $144,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,141	$174,325	-0.2%
Expenses	$144,594	$84,970	+0.7%
Net Income	$-9,453	$89,355	-1.1%

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
KATHLEEN WARREN	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT GRIFFITHS	DIRECTOR	5.00	Director	$0	$0	$0
JUDY DEVLIN	DIRECTOR	3.00	Director	$0	$0	$0
KARIN FITTANTE	DIRECTOR	3.00	Director	$0	$0	$0
JANINE FREE	DIRECTOR	10.00	Director	$0	$0	$0
PAM KURZ	DIRECTOR	5.00	Director	$0	$0	$0
KATHY ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL GORMLEY	TREASURER	0.00	Officer Director	$0	$0	$0
TERRELL TYRA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DONNA BULLOUGH	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES AUSTIN	PRESIDENT	10.00	Officer	$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	$135,141	$144,594	$540,141	$-9,453
2022	$174,325	$84,970	$526,129	$89,355

FRIENDS OF THE ENCINITAS LIBRARY