LIBRARY FOUNDATION FOR SARASOTA COUNTY INC (EIN 452585429) - 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

2011

Legal Domicile

Principal Officer

SARAH KARON

Phone

3045161773

Tax Period

2024-07-01 to 2025-06-30

LIBRARY FOUNDATION FOR SARASOTA COUNTY INC, founded in 2011, is a small nonprofit in the Education sector that reported $940K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 23% operating margin.

Mission

MISSION IS TO CHAMPION STRONG PUBLIC LIBRARIES, SUPPORT INNOVATION AND HELP EXTEND THE LIBRARY SYSTEM'S REACH FOR EVERYONE IN SARASOTA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $790,548

Program Service Revenue $0

Investment Income $149,760

Other Revenue $0

TOTAL REVENUE $940,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,965

Fundraising Expenses $128,544

Program Expenses $512,649

Other Expenses $434,003

TOTAL EXPENSES $721,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$940,308	$589,605	+0.6%
Expenses	$721,968	$722,201	0.0%
Net Income	$218,340	$-132,596	-2.6%

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

$129,077

Total Directors

$129,077

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISA MITCHELL	EXECUTIVE DI	40.00	Officer Director	$129,077	$0	$129,077
TERRY BRACKETT	DIRECTOR	2.00	Director	$0	$0	$0
ILENE DENTON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TIM JAEGER	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDRA JUPIN	DIRECTOR	2.00	Director	$0	$0	$0
SARAH KARON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUDY LIERSCH	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR ROMANO	DIRECTOR	2.00	Director	$0	$0	$0
FLETCHER RUSH	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK STEINWACHS	DIRECTOR	2.00	Director	$0	$0	$0
TODD SWEET	DIRECTOR	2.00	Director	$0	$0	$0
CRISHUANA WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
KAT WINGERT	TREASURER	2.00	Officer 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	$940,308	$721,968	$6,133,277	$218,340
2024	$589,605	$722,201	$5,665,523	$-132,596
2023	$371,541	$336,740	$5,286,405	$34,801
2022	$527,608	$631,326	$5,079,054	$-103,718
2021	$1,039,095	$467,468	$5,639,944	$571,627
2020	$854,705	$489,205	$4,983,916	$365,500
2019	$1,311,735	$534,143	$3,588,755	$777,592
2019	$1,310,356	$540,064	$4,405,751	$770,292
2018	$2,096,569	$486,039	$2,672,448	$1,610,530
2018	$2,415,976	$486,039	$3,364,439	$1,929,937

LIBRARY FOUNDATION FOR SARASOTA COUNTY INC