FRIENDS OF THE LIBRARY OF FLAGLER (EIN 591897667) - 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

1979

Legal Domicile

Principal Officer

Michael Cocchiola

Phone

3865389360

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE LIBRARY OF FLAGLER, founded in 1979, is a small nonprofit that reported $106K in total revenue in fiscal year 2025. Revenue surged 169% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 42% operating margin.

Mission

Provide resources above and beyond support for the public library.

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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 (2025)

Revenue Breakdown

Contributions & Grants $91,596

Program Service Revenue $0

Investment Income $14,493

Other Revenue $0

TOTAL REVENUE $106,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,337

Other Expenses $61,980

TOTAL EXPENSES $61,980

Year-over-Year Comparison

	2025	2024	Change
Revenue	$106,089	$39,478	+1.7%
Expenses	$61,980	$47,818	+0.3%
Net Income	$44,109	$-8,340	-6.3%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Michael Cocchiola	Board President	Officer	$0	$0	$0
Carl Laundrie	Vice President	Officer	$0	$0	$0
Barbara Livingston	Treasurer	Officer	$0	$0	$0
Ann Breidenstein	Assistant Treasurer	Officer	$0	$0	$0
Connie Hussey	Director	Director	$0	$0	$0
Diane LaVerne	Director	Director	$0	$0	$0
Diane Cocchiola	Director	Director	$0	$0	$0
Haydee Bernal	Secretary	Officer	$0	$0	$0
Al Kramer	Director	Director	$0	$0	$0
Denise Millett	Director	Director	$0	$0	$0
Sean Bernal	Director	Director	$0	$0	$0
Suzanne Timko	Director	Director	$0	$0	$0
Nancy Achin	Co-Treasurer	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	$106,089	$61,980	$690,931	$44,109
2024	$39,478	$47,818	$567,154	$-8,340
2023	$158,150	$56,585	$553,329	$101,565
2022	$39,697	$37,293	$422,572	$2,404
2021	$26,989	$26,812	$553,674	$177
2021	$26,989	$26,812	$754,455	$177
2020	$44,459	$62,609	$687,407	$-18,150
2019	$42,468	$29,786	$652,273	$12,682

FRIENDS OF THE LIBRARY OF FLAGLER