Friends of the Palm Bch County Public Library Inc (EIN 592038524) - 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

Marc Bressman

Tax Period

2023-10-01 to 2024-09-30

Friends of the Palm Bch County Public Library Inc, founded in 1980, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $325K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $406K exceeded revenue, resulting in a 25% operating deficit.

Mission

Maintain an association of persons interested in books and libraries; to focus public attention on library services, facilities, and needs, and to stimulate gifts of books, magazines, desirable collections, endowments, bequests, and to raise funds for special projects.

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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 $314,984

Program Service Revenue $0

Investment Income $9,532

Other Revenue $0

TOTAL REVENUE $324,516

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $0

Fundraising Expenses $3

Program Expenses $394,365

Other Expenses $392,666

TOTAL EXPENSES $405,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,516	$241,733	+0.3%
Expenses	$405,666	$219,902	+0.8%
Net Income	$-81,150	$21,831	-4.7%

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	Role	Reportable Comp	Other Comp	Total
Doug Crane	Director	Director	$0	$0	$0
Connie Krst	Director	Director	$0	$0	$0
Sue Sim	Director	Director	$0	$0	$0
Carolyn Kruger	Director	Director	$0	$0	$0
Damon Webb	Director	Director	$0	$0	$0
Danese Slone-Kendall	Director	Director	$0	$0	$0
Joyce Smith	Director	Director	$0	$0	$0
Jane Blevins	Director	Director	$0	$0	$0
Anne Bressman	Director	Director	$0	$0	$0
Marc Bressman	PresidentTreasurer	Officer	$0	$0	$0
Mary Ellen Beck	Vice President	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	$324,516	$405,666	$351,011	$-81,150
2023	$241,733	$219,902	$428,963	$21,831
2022	$184,840	$254,553	$407,686	$-69,713
2021	$127,781	$170,745	$484,506	$-42,964
2020	$203,380	$256,378	$516,566	$-52,998
2019	$289,927	$285,280	$569,564	$4,647
2018	$286,843	$267,988	$564,917	$18,855

Friends of the Palm Bch County Public Library Inc