Pinellas Public Library Cooperative Inc (EIN 592994993) - 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

1989

Legal Domicile

Principal Officer

Cheryl Morales

Phone

7274418408

Tax Period

2023-10-01 to 2024-09-30

Pinellas Public Library Cooperative Inc, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PPLC Connects Communities.PPLC facilitates a common experience across the county while preserving the unique attributes of individual libraries.

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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 $31,930

Program Service Revenue $8,673,961

Investment Income $35,887

Other Revenue $398,734

TOTAL REVENUE $9,140,512

Expense Breakdown

Grants Paid $124,964

Salaries & Benefits $584,538

Fundraising Expenses $0

Program Expenses $8,571,587

Other Expenses $8,486,503

TOTAL EXPENSES $9,196,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,140,512	$8,272,098	+0.1%
Expenses	$9,196,005	$8,205,733	+0.1%
Net Income	$-55,493	$66,365	-1.8%

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

Employees

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

$127,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen L Roth	Chair	1.00	Officer Director	$0	$0	$0
Michael Jefferis	Vice Chair	1.00	Officer Director	$0	$0	$0
Jeffrey Gellermann	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Michael Delk	Director	1.00	Director	$0	$0	$0
Angela Pietras	Director	1.00	Director	$0	$0	$0
Brian Lowack	Director	1.00	Director	$0	$0	$0
Lisa Kothe	LDAC Representative	1.00	Director	$0	$0	$0
Karen LaCorte-Neis	Vice Chair	1.00	Officer Director	$0	$0	$0
Nancy McKibben	Director	1.00	Director	$0	$0	$0
Maggie Paluch	Director	1.00	Director	$0	$0	$0
Cheryl Morales	Executive Director	40.00	Officer	$127,904	$0	$127,904

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	$9,140,512	$9,196,005	$3,482,572	$-55,493
2023	$8,272,098	$8,205,733	$3,439,390	$66,365
2022	$8,019,492	$7,949,905	$3,396,221	$69,587
2021	$7,355,806	$7,512,787	$3,405,069	$-156,981
2020	$6,996,872	$7,428,243	$3,611,118	$-431,371
2019	$6,911,534	$6,707,366	$3,984,601	$204,168
2018	$6,602,956	$6,398,537	$3,771,119	$204,419

Pinellas Public Library Cooperative Inc