FRIENDS OF THE OCALA PUBLIC LIBRARY (EIN 592032196) - 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

1980

Legal Domicile

Principal Officer

BARBARA WEST

Phone

3528738574

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE OCALA PUBLIC LIBRARY, founded in 1980, is a small nonprofit that reported $114K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $104K left a modest 9% surplus.

Mission

THE PRIMARY PURPOSE IF THE ADVANCEMENT OF EDUCATION BY THE DISTRIBUTION OF ITS FUNDS FOR SUCH PURPOSES AND PARTICULARTY FOR THE PROMOTION AND DEVELOPMENT OF THE PUBLIC LIBRARY IN THE CITY OF OCALA.

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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 $48,114

Program Service Revenue $0

Investment Income $2,648

Other Revenue $63,232

TOTAL REVENUE $113,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,804

Other Expenses $103,647

TOTAL EXPENSES $103,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,994	$126,525	-0.1%
Expenses	$103,647	$116,883	-0.1%
Net Income	$10,347	$9,642	+0.1%

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

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
JOY BAUER	DIRECTOR	0.50	Director	$0	$0	$0
SHERYL CREECH	DIRECTOR	0.50	Director	$0	$0	$0
MARTHA CROMWELL	PRESIDENT	6.00	Officer Director	$0	$0	$0
JOAN GIVENS	DIRECTOR	0.50	Director	$0	$0	$0
PAM HETTINGER	DIRECTOR	0.50	Director	$0	$0	$0
KAREN JENSEN	COMMUNITY LI	6.00	Director	$0	$0	$0
DIANE JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
JUDY JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN KENNEDY	DIRECTOR	0.50	Director	$0	$0	$0
VICKY NELSON	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
ERIN QUAINTON	DIRECTOR	0.50	Director	$0	$0	$0
JULIE SIEG	LIBRARY DIRE	6.00	Director	$0	$0	$0
AMRITA SINGH	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA WEST	TREASURER	4.00	Officer 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	$113,994	$103,647	$1,394,786	$10,347
2023	$126,525	$116,883	$1,200,630	$9,642
2022	$263,507	$91,331	$1,133,314	$172,176
2021	$100,907	$66,246	$1,270,947	$34,661
2020	$132,254	$79,021	$1,113,012	$53,233
2019	$728,433	$85,323	$1,060,514	$643,110

FRIENDS OF THE OCALA PUBLIC LIBRARY