FRIENDS OF THE VOLUSIA COUNTY

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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

1997

Legal Domicile

Principal Officer

GAIL ROBERTS

Phone

0386304505

Tax Period

2018-04-01 to 2019-03-31

FRIENDS OF THE VOLUSIA COUNTY, founded in 1997, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2018. Revenue surged 178% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 30% operating margin.

Mission

TO PROVIDE SUPPORT TO THE VOLUSIA COUNTY LIBRARY

Program Service Accomplishments

Program 1

TO PROVIDE SUPPORT FOR THE VOLUSIA COUNTY LIBRARY AND TO ENCOURAGE GIFTS, ENDOWMENTS AND BEQUESTS TO DEVELOP LIBRARY SERVICES AND FACILITIES TO THE COMMUNITY. BENEFITTED APPROXIMATELY 300,000

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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 (2018)

Revenue Breakdown

Contributions & Grants $17,025

Program Service Revenue $0

Investment Income $6,930

Other Revenue $23,017

TOTAL REVENUE $46,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,782

Other Expenses $32,782

TOTAL EXPENSES $32,782

Year-over-Year Comparison

	2018	2017	Change
Revenue	$46,972	$16,874	+1.8%
Expenses	$32,782	$21,868	+0.5%
Net Income	$14,190	$-4,994	-3.8%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY FAGAN	TREASURER	N/A	Officer Director	$0	$0	$0
GAIL ROBERTS	PRESIDENT	N/A	Officer Director	$0	$0	$0
SUSAN WRIGHT	CORR. SECRET	N/A	Officer Director	$0	$0	$0
JOAN BABER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DOREEN COLBY	RECORD SECRE	N/A	Director	$0	$0	$0
KAREN COLLINS	RECORD SECRE	N/A	Director	$0	$0	$0
VERNON HARRIS	ASST TREASUR	N/A	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
2019	$46,972	$32,782	$459,855	$14,190