FRIENDS OF ST LUCIE COUNTY LIBRARY ASSOC INC (EIN 590904359) - 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

1952

Legal Domicile

Principal Officer

PADRICK PINKNEY

Phone

7723357264

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF ST LUCIE COUNTY LIBRARY ASSOC INC, founded in 1952, is a micro nonprofit in the Education sector that reported $60K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $141K exceeded revenue, resulting in a 135% operating deficit.

Mission

THE FRIENDS SUPPLEMENT THE ST LUCIE COUNTY LIBRARY SYSTEM BY PROMOTING LITERACY, PROVIDING SCHOLARSHIPS, ESTABLISHING READING PROGRAMS, & PROVIDING COPY MACHINES FOR THE PUBLIC.

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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 $17,201

Program Service Revenue $0

Investment Income $42,744

Other Revenue $0

TOTAL REVENUE $59,945

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $5,152

Program Expenses $118,545

Other Expenses $41,169

TOTAL EXPENSES $141,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,945	$31,063	+0.9%
Expenses	$141,169	$34,470	+3.1%
Net Income	$-81,224	$-3,407	+22.8%

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

150

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
CARNELLE CLIFTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAULA LEWIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PADRICK PINKNEY	TREASURER	1.00	Officer Director	$0	$0	$0
EVELYN SELF ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES WILDER	DIRECTOR	1.00	Director	$0	$0	$0
JUDI MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LEET	DIRECTOR	1.00	Director	$0	$0	$0
RUDY WIDMAN	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
2024	$59,945	$141,169	$1,173,541	$-81,224
2023	$31,063	$34,470	$1,190,619	$-3,407
2022	$51,879	$22,669	$1,171,710	$29,210
2021	$64,074	$35,956	$1,356,563	$28,118
2020	$38,372	$41,007	$1,254,181	$-2,635
2019	$62,649	$36,201	$1,239,392	$26,448
2018	$53,884	$35,803	$1,019,771	$18,081

FRIENDS OF ST LUCIE COUNTY LIBRARY ASSOC INC