LAKE WALES LIBRARY ASSOCIATION INC

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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

1983

Legal Domicile

Principal Officer

MELISSA K MAYER

Phone

8636784004

Tax Period

2024-04-01 to 2025-03-31

LAKE WALES LIBRARY ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $137K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 30% operating margin.

Mission

SUPPORT ORGANIZATION FOR CITY LIBRARY

Program Service Accomplishments

Program 1

Expenses: $68,398

PROVIDED MONETARY SUPPORT AND PURCHASED BOOKS, AUDIO AND VIDEO TAPES AND OTHER ITEMS FOR LAKE WALES PUBLIC LIBRARY. ALSO, FUNDED PROGRAMS FOR CHIDREN AND ADULTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $45,523

Program Service Revenue $0

Investment Income $91,213

Other Revenue $0

TOTAL REVENUE $136,736

Expense Breakdown

Grants Paid $30,022

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,985

Other Expenses $65,565

TOTAL EXPENSES $95,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,736	$172,082	-0.2%
Expenses	$95,587	$100,498	0.0%
Net Income	$41,149	$71,584	-0.4%

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
JILL BILLINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT C CONNER	TREASURER	1.00	Officer Director	$0	$0	$0
JUDI CORRIVEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
GAIL HEWITT	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY JAMES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DIANA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENDA MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JODIE S SCHMIDT	SECRETARY	1.00	Officer Director	$0	$0	$0
SALLIE SCHROEDER	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY S SHIELDS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
IMELDA TICE	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA K MAYER	PRESIDENT	1.00	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
2026	No data	No data	No data	No data
2025	$136,736	$95,587	$2,314,133	$41,149
2024	$172,082	$100,498	$2,272,984	$71,584
2023	$140,132	$84,685	$2,201,400	$55,447
2022	$209,270	$87,024	$2,145,953	$122,246
2021	$197,434	$104,279	$2,023,707	$93,155
2020	$146,654	$64,286	$1,930,552	$82,368
2019	$143,366	$106,418	$1,848,184	$36,948