FRIENDS OF THE CARLSBAD 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

1964

Legal Domicile

Principal Officer

EDWARD BAUMAN

Phone

7608049599

Tax Period

2018-07-01 to 2019-06-30

FRIENDS OF THE CARLSBAD LIBRARY, founded in 1964, is a small nonprofit that reported $174K in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $462K represent 32 months of operating reserves.

Mission

SEE BELOW

Program Service Accomplishments

Program 1

Expenses: $167,895 Revenue: $174,253

PROVIDING SUPPORT FOR LITERACY EDUCATIONAL, TECHNOLOGICAL, COMMUNITY AND CULTURAL PROGRAMS BENEFITING CHILDREN, TEEN AND ADULTS AT CARLSBAD 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%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $37,259

Program Service Revenue $0

Investment Income $2,000

Other Revenue $134,994

TOTAL REVENUE $174,253

Expense Breakdown

Grants Paid $167,895

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $167,895

Other Expenses $8,098

TOTAL EXPENSES $175,993

Year-over-Year Comparison

	2018	2017	Change
Revenue	$174,253	$150,530	+0.2%
Expenses	$175,993	$99,206	+0.8%
Net Income	$-1,740	$51,324	-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

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
LINDA SWINK	PRESIDENT	2.00	Officer	$0	$0	$0
ROBBYE ADAMS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BARBARA BLADEN	SECRETARY	1.00	Officer	$0	$0	$0
EDWARD BAUMAN	TREASURER	2.00	Officer	$0	$0	$0
KAREN SMARR	ASSISTANT TREASURER	1.00	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
2019	$174,253	$175,993	$461,763	$-1,740
2019	$174,253	$175,993	$461,763	$-1,740