FRIENDS OF THE MARTIN COUNTY LIBRA… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

JUDY DUXBURY

Phone

7722885702

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF THE MARTIN COUNTY LIBRARY SYSTEM INC, founded in 1973, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 49% operating margin.

Mission

ASSOCIATION WAS FORMED FOR THE ADVANCEMENT OF EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES; INCLUDING THE ACQUISITION, ESTABLISHMENT, MAINTENANCE AND PROMOTION OF THE USE OF PUBLIC LIBRARIES IN MARTIN COUNTY.

Program Service Accomplishments

Program 1

Expenses: $118,286 Revenue: $82,011

SUPPORT AND PROGRAMING FOR THE LIBRARIES LOCATED IN MARTIN COUNTY,FLORIDA INCLUDING THE BLAKE LIBRARY. ELISABETH LAHTI LIBRARY,ROBERT MORGADE LIBRARY, PALM CITY LIBRARY, HOBE SOUND LIBRARY,AND THE...

SUPPORT AND PROGRAMING FOR THE LIBRARIES LOCATED IN MARTIN COUNTY,FLORIDA INCLUDING THE BLAKE LIBRARY. ELISABETH LAHTI LIBRARY,ROBERT MORGADE LIBRARY, PALM CITY LIBRARY, HOBE SOUND LIBRARY,AND THE HOKE LIBRARY. PROGRAMS INCLUDE BOTH ADULT AND YOUTH SERVICES.

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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 $31,247

Program Service Revenue $82,011

Investment Income $166,346

Other Revenue $0

TOTAL REVENUE $279,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,137

Program Expenses $118,286

Other Expenses $141,385

TOTAL EXPENSES $141,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,604	$148,662	+0.9%
Expenses	$141,385	$133,273	+0.1%
Net Income	$138,219	$15,389	+8.0%

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
SHEILA LEACH	PRESIDENT	2.00	Officer Director	$0	$0	$0
EDWINA DUNWORTH	DIRECTOR	2.00	Director	$0	$0	$0
JUDY DUXBURY	TREASURER	2.00	Officer Director	$0	$0	$0
CATHY MCCARTNEY	DIRECTOR	2.00	Director	$0	$0	$0
BABS HEINZ	ASST TREASURER	2.00	Officer Director	$0	$0	$0
DIANE TOMASIK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JUDI SNYDER	DIRECTOR	2.00	Director	$0	$0	$0
KELLY CROY	SECRETARY	2.00	Officer Director	$0	$0	$0
NICOLE REDMAN	DIRECTOR	2.00	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	$279,604	$141,385	$957,448	$138,219
2024	$148,662	$133,273	$817,911	$15,389
2023	$151,048	$188,860	$803,164	$-37,812
2022	$169,442	$123,297	$842,086	$46,145
2021	$87,771	$99,806	$797,766	$-12,035
2020	$125,999	$128,735	$814,168	$-2,736
2019	$139,446	$153,932	$808,508	$-14,486
2018	$145,477	$174,758	$822,994	$-29,281

FRIENDS OF THE MARTIN COUNTY LIBRARY SYSTEM INC