KEY WEST LITERARY SEMINAR INC

EIN: 592807058 501(c)(3)

KEY WEST, FL

Total Revenue
$1,943,573
Total Expenses
$1,219,962
Total Assets
$5,066,786
Net Assets
$4,013,867
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
FL
Principal Officer
ARLO HASKELL
Phone
3052939291
Tax Period
2024-04-01 to 2025-03-31

KEY WEST LITERARY SEMINAR INC, founded in 1983, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $724K, a strong 37% operating margin.

Mission

THE MISSION OF THE KEY WEST LITERARY SEMINAR IS TO PROMOTE THE UNDERSTANDING AND DISCUSSION OF IMPORTANT LITERARY WORKS AND THEIR AUTHORS, TO RECOGNIZE AND SUPPORT NEW VOICES IN AMERICAN LITERATURE, AND TO PRESERVE AND PROMOTE KEY WEST'S LITERARY HERITAGE WHILE PROVIDING RESOURCES THAT STRENGTHEN LITERARY CULTURE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,577,312
Program Service Revenue $333,772
Investment Income $3,596
Other Revenue $28,893
TOTAL REVENUE $1,943,573

Expense Breakdown

Grants Paid $39,657
Salaries & Benefits $281,421
Fundraising Expenses $20,144
Program Expenses $1,143,879
Other Expenses $898,884
TOTAL EXPENSES $1,219,962

Year-over-Year Comparison

2024 2023 Change
Revenue $1,943,573 $2,052,026 -0.1%
Expenses $1,219,962 $1,275,416 0.0%
Net Income $723,611 $776,610 -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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
50

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
5
$106,897
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MCCONNELL BOARD MEMBER 2.00
Director
$0 $0 $0
LYNN KAUFELT BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL NELSON SECRETARY 4.00
Officer Director
$0 $0 $0
MEG CABOT BOARD MEMBER 2.00
Director
$0 $0 $0
NANCY KLINGENER PRESIDENT 4.00
Officer Director
$0 $0 $0
PEYTON EVANS BOARD MEMBER 2.00
Director
$0 $0 $0
DIANE SHELBY BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL BLADES VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
CAREY WINFREY BOARD MEMBER 2.00
Director
$0 $0 $0
NINA WEISSBERG TREASURER 4.00
Officer Director
$0 $0 $0
ARLO HASKELL EXECUTIVE DIRECTOR 40.00
Officer
$103,344 $3,553 $106,897
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 $1,943,573 $1,219,962 $5,066,786 $723,611
2024 $2,052,026 $1,275,416 $4,267,102 $776,610
2023 $961,072 $1,209,909 $3,500,101 $-248,837
2022 $799,059 $939,770 $3,874,970 $-140,711
2021 $672,198 $412,182 $4,291,327 $260,016
2020 $1,441,898 $862,082 $3,729,659 $579,816
2019 $717,757 $736,460 $1,960,766 $-18,703
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