Friends of the Micanopy Library Inc

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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

1962

Legal Domicile

Principal Officer

Karen Sue Kelman

Phone

3524663122

Tax Period

2020-06-01 to 2021-05-31

Friends of the Micanopy Library Inc, founded in 1962, is a micro nonprofit that reported $45K in total revenue in fiscal year 2020. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 35% operating deficit.

Mission

To support the Micanopy Branch Library and enhance its resources, uphold and further inform citizens, promote literacy in our community, encourage a lifelong search for knowledge and enjoyment of reading, foster a love of reading in Micanopy children and reach Micanopians and help them where needed to surmounts obstacles to reading.

Program Service Accomplishments

Program 1

Expenses: $60,731

Tutoring after school and summer for Micanopy children.

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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 (2020)

Revenue Breakdown

Contributions & Grants $44,936

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $44,942

Expense Breakdown

Grants Paid $700

Salaries & Benefits $57,349

Fundraising Expenses $0

Program Expenses $60,731

Other Expenses $2,682

TOTAL EXPENSES $60,731

Year-over-Year Comparison

	2020	2019	Change
Revenue	$44,942	$119,208	-0.6%
Expenses	$60,731	$117,810	-0.5%
Net Income	$-15,789	$1,398	-12.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Rudolph	President	000.50	Officer Director	$0	$0	$0
NICKY CLAYTON	V President	000.50	Officer Director	$0	$0	$0
Nancy Macaulay	Treasurer	002.00	Officer Director	$0	$0	$0
MELODY RITCHIE	Asst. Treasurer	003.00	Officer Director	$0	$0	$0
Ginny Beam	Secretary	002.00	Officer Director	$0	$0	$0
Aquay Tolliver	Dir-Tutoring	040.00	Director Key Emp Highest	$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
2021	$44,942	$60,731	$18,250	$-15,789
2020	$119,208	$117,810	$25,457	$1,398