FRIENDS OF THE MONROE COUNTY PUBLI… - Form 990 Financial Data

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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

1979

Legal Domicile

Phone

7867591880

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE MONROE COUNTY PUBLIC LIBRARY IN KEY WEST FLORIDA INC, founded in 1979, is a small nonprofit in the Education sector that reported $196K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $122K, a strong 62% operating margin.

Mission

To Provide financial support for the Monroe County Public Library in Key West, FL

Program Service Accomplishments

Program 1

Expenses: $71,176

Grants to Monroe County Public Library in Key West for materials, upgrades, operations, and training

Program 2

Production of Friends of the Library Lecture Series free and open to the Public

Program 3

Book Sales

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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 $90,757

Program Service Revenue $9,412

Investment Income $71,878

Other Revenue $24,246

TOTAL REVENUE $196,293

Expense Breakdown

Grants Paid $55,226

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,176

Other Expenses $18,622

TOTAL EXPENSES $73,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,293	$130,002	+0.5%
Expenses	$73,848	$86,635	-0.1%
Net Income	$122,445	$43,367	+1.8%

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

100

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
WENDY ALLEN	Director	0.00	Director	$0	$0	$0
PATRICIA KENNEDY	Director	10.00	Director	$0	$0	$0
BETSY MOORE	Director	0.00	Director	$0	$0	$0
WENDY NIVEN	Director	0.00	Director	$0	$0	$0
EMILY BERG	Director	10.00	Director	$0	$0	$0
BETTY DARST	Director	4.00	Director	$0	$0	$0
ELISE HART KIPNESS	Director	0.00	Director	$0	$0	$0
ROBERTA ISLEIB	President	15.00	Director	$0	$0	$0
NANCY SEIDEL	Director	10.00	Director	$0	$0	$0
ANNETTE HOLMSTROM	Director	10.00	Director	$0	$0	$0
ELLEN WHITE	Director	10.00	Director	$0	$0	$0
ELLEN CAVANAUGH	Secretary	0.00	Officer	$0	$0	$0
MICHAEL NAUGHTON	Treasurer	0.00	Officer	$0	$0	$0
BARBARA ROSS	President	15.00	Officer	$0	$0	$0
DEMARIS EDWARDS	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
2025	$196,293	$73,848	$877,485	$122,445
2023	$124,278	$61,197	$637,423	$63,081
2022	$137,331	$65,707	$563,864	$71,624
2021	$153,090	$57,551	$594,240	$95,539

FRIENDS OF THE MONROE COUNTY PUBLIC LIBRARY IN KEY WEST FLORIDA INC