FRIENDS OF PENINSULA COMMUNITY LIBRARY

EIN: 364627817 501(c)(3) Education

TRAVERSE CITY, MI

Total Revenue
$133,203
Total Expenses
$147,165
Total Assets
$10,586
Net Assets
$10,586
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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
2008
Legal Domicile
MI
Principal Officer
NANCY DAVY
Phone
2317158975
Tax Period
2019-01-01 to 2019-12-31

FRIENDS OF PENINSULA COMMUNITY LIBRARY, founded in 2008, is a small nonprofit in the Education sector that reported $133K in total revenue in fiscal year 2019. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $147K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO RAISE FUNDS AND VOLUNTEERS FOR THE PENINSULA COMMUNITY LIBRARY IN PENINSULA TOWNSHIP. ALL ACTIVITIES AND DONATIONS ARE IN SERVICE TO THE PENINSULA COMMUNITY LIBRARY AND ITS PROGRAMS.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $118,496
Program Service Revenue $0
Investment Income $0
Other Revenue $14,707
TOTAL REVENUE $133,203

Expense Breakdown

Grants Paid $137,686
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $143,049
Other Expenses $9,479
TOTAL EXPENSES $147,165

Year-over-Year Comparison

2019 2018 Change
Revenue $133,203 $330,543 -0.6%
Expenses $147,165 $330,889 -0.6%
Net Income $-13,962 $-346 +39.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
75

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PENNY CAMPO-PIERCE DIRECTOR 1.00
Director
$0 $0 $0
TRICIA DAVIES TREASURER 1.00
Officer Director
$0 $0 $0
NANCY DAVY PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY KENNEDY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MADELYN RYAN DIRECTOR 1.00
Director
$0 $0 $0
NANCY TUCKER SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELE WESTCOTT 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
2019 $133,203 $147,165 $10,586 $-13,962
2018 $330,543 $330,889 $24,548 $-346
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