Friends of the Library-Ponte Vedra

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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

1990

Legal Domicile

Principal Officer

Kathleen Cohen

Phone

9042953202

Tax Period

2023-01-01 to 2023-12-31

Friends of the Library-Ponte Vedra, founded in 1990, is a small nonprofit in the Education sector that reported $167K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 35% operating margin.

Mission

The primary purpose of this orginization is to make the library an outstanding cultural, recreational and educational center for the community.

Program Service Accomplishments

Program 1

Expenses: $59,485

Library support services

Program 2

Expenses: $24,405

Cultural events and social functions

Program 3

Expenses: $10,287

Membership publications

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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 $43,122

Program Service Revenue $0

Investment Income $39,986

Other Revenue $83,986

TOTAL REVENUE $167,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $719

Program Expenses $94,177

Other Expenses $108,782

TOTAL EXPENSES $108,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,094	$118,774	+0.4%
Expenses	$108,782	$93,392	+0.2%
Net Income	$58,312	$25,382	+1.3%

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
Kathleen Cohen	Co-President	5.00	Officer Director	$0	$0	$0
Jan Bialka	Director	3.00	Director	$0	$0	$0
Jennifer Hoag	Director	30.00	Director	$0	$0	$0
Marianne Stein	Director	1.00	Director	$0	$0	$0
Sally Fernley	Director	2.00	Director	$0	$0	$0
Laurie Kelly	Co-President	5.00	Officer Director	$0	$0	$0
Felicia Mashin	Director	1.00	Director	$0	$0	$0
Jan Crewson	Director	5.00	Director	$0	$0	$0
Philip Smith	Director	2.00	Director	$0	$0	$0
Leslie Kleiman	Director	5.00	Director	$0	$0	$0
Estes Carnes	Secretary	1.00	Officer Director	$0	$0	$0
Lydia Michelsen	Director	1.00	Director	$0	$0	$0
Willam Oppenheimer	Director	2.00	Director	$0	$0	$0
Natalie Costello	Treasurer	5.00	Officer Director	$0	$0	$0
Maureen Wildey	Director	2.00	Director	$0	$0	$0
Paula Nardon	Director	25.00	Director	$0	$0	$0
Sharon Van Hees	Director	1.00	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	No data	No data	No data	No data
2023	$167,094	$108,782	$742,495	$58,312
2022	$118,774	$93,392	$646,545	$25,382
2021	$97,749	$64,432	$734,522	$33,317
2020	$81,069	$72,009	$668,614	$9,060
2019	$122,424	$93,079	$640,502	$29,345
2018	$122,754	$113,773	$547,298	$8,981