FRIENDS OF THE GULF BREEZE LIBRARY (EIN 593148526) - 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

1993

Legal Domicile

Principal Officer

KAREN CHOATE

Phone

7737596724

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE GULF BREEZE LIBRARY, founded in 1993, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $10K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE AND ASSIST WITH THE OPERATIONS OF THE GULF BREEZE, FLORIDA, LIBRARY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,116

Program Service Revenue $7,011

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,792

Other Expenses $9,792

TOTAL EXPENSES $9,792

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,127	$10,041	-0.2%
Expenses	$9,792	$18,282	-0.5%
Net Income	$-1,665	$-8,241	-0.8%

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

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
KAREN CHOATE	PRESIDENT	1.00	Officer	$0	$0	$0
BOBETTE DODSON	SECRETARY	1.00	Officer	$0	$0	$0
CAROLINE SMITH	TREASURER	1.00	Director	$0	$0	$0
SUSIE KNIGHT	VICE PRESIDENT	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
2025	$8,127	$9,792	$463,298	$-1,665
2024	$10,041	$18,282	$464,963	$-8,241
2023	$8,948	$20,465	$473,204	$-11,517
2022	$13,651	$12,629	$479,178	$1,022
2021	$25,833	$23,763	$497,404	$2,070
2020	$17,584	$10,272	$508,779	$7,312
2018	$23,292	$29,827	$481,116	$-6,535

FRIENDS OF THE GULF BREEZE LIBRARY