FRIENDS OF IR COUNTY LIBRARY INC (EIN 590919801) - 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

1976

Legal Domicile

Principal Officer

LOIS ARCARA

Phone

7725328284

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF IR COUNTY LIBRARY INC, founded in 1976, is a small nonprofit in the Education sector that reported $160K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE FINANCIAL SUPPORT TO THE INDIAN RIVER COUNTY PUBLIC LIBRARY THROUGH USED BOOK SALES, GIFT SHOP SALES AND MEMBERSHIP DONATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $26,636

Program Service Revenue $133,794

Investment Income $0

Other Revenue $0

TOTAL REVENUE $160,430

Expense Breakdown

Grants Paid $92,112

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,607

Other Expenses $69,183

TOTAL EXPENSES $161,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,430	$139,431	+0.2%
Expenses	$161,295	$155,994	+0.0%
Net Income	$-865	$-16,563	-0.9%

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

N/A

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
MELISSA TRIPSON	MEMBER AT LARGE	15.00	Director	$0	$0	$0
JAMES BROWER	MEMBER AT LARGE	15.00	Director	$0	$0	$0
HOLLIE MCDOUGALL	LIBRARY REPRESENTATIVE	0.00	Director	$0	$0	$0
ELIZABETH STENGER	LIBRARY DIRECTOR	0.00	Director	$0	$0	$0
LOIS ARCARA	PRESIDENT & GIFT SHOP MGR	15.00	Officer	$0	$0	$0
DENISE SCHWARTZ	TREASURER	5.00	Officer	$0	$0	$0
MARTHA HABESHIAN	SECRETARY	5.00	Officer	$0	$0	$0
SHARI NUNEZ	VICE PRESIDENT	10.00	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
2024	$160,430	$161,295	$65,964	$-865
2023	$139,431	$155,994	$66,829	$-16,563
2022	$147,201	$143,180	$83,392	$4,021
2021	$114,467	$126,341	$79,371	$-11,874
2020	$115,203	$131,070	$91,245	$-15,867

FRIENDS OF IR COUNTY LIBRARY INC