FRIENDS OF THE LIBRARY OF TAMPA - HILLSBOROUGH COUNTY INC (EIN 596174497) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JOHN SMITH

Phone

8132733616

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE LIBRARY OF TAMPA - HILLSBOROUGH COUNTY INC, founded in 1983, is a small nonprofit that reported $394K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $110K, a strong 28% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE AND AID IN ESTABLISHING AND MAINTAINING A STRONG LIBRARY SYSTEM IN HILLSBOROUGH COUNTY, FL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $37,867

Program Service Revenue $0

Investment Income $63,306

Other Revenue $292,440

TOTAL REVENUE $393,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,136

Fundraising Expenses $45,562

Program Expenses $216,025

Other Expenses $246,380

TOTAL EXPENSES $283,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,613	$356,349	+0.1%
Expenses	$283,516	$244,146	+0.2%
Net Income	$110,097	$112,203	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

279

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

$2,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE ADAMS	DIRECTOR	5.00	Director	$2,875	$0	$2,875
ELIZABETH BELCHER	DIRECTOR	5.00	Director	$0	$0	$0
VIRGINIA BLAIR	DIRECTOR	5.00	Director	$0	$0	$0
SHELLEY BLOOD	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
PAT BOODY	PRESIDENT	10.00	Officer Director	$0	$0	$0
CONNIE BRASIER	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW BREIDENBAUGH	EX-OFFICIO D	N/A	Director	$0	$0	$0
CAROL FAULK	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA HAMMOND	DIRECTOR	5.00	Director	$0	$0	$0
DIANE HANDLEY	DIRECTOR	5.00	Director	$0	$0	$0
DARLENE HARRIS	DIRECTOR	5.00	Director	$0	$0	$0
MOLLY HOLT	DIRECTOR	5.00	Director	$0	$0	$0
PEGGY HUEY	SECRETARY &	10.00	Officer Director	$0	$0	$0
DUSTIN LEMKE	TREASURER	10.00	Officer Director	$0	$0	$0
PETE MICHEL	DIRECTOR	5.00	Director	$0	$0	$0
JOHN MULLEN	DIRECTOR	5.00	Director	$0	$0	$0
DOTTIE PANICO	DIRECTOR	5.00	Director	$0	$0	$0
SHERITA PRICE	DIRECTOR	5.00	Director	$0	$0	$0
DEBORAH SELF	DIRECTOR	5.00	Director	$0	$0	$0
JOHN SMITH	CHAIR, FINAN	10.00	Officer Director	$0	$0	$0
SHERYL SPRINGER	DIRECTOR	5.00	Director	$0	$0	$0
DAVID STEVENS	DIRECTOR	5.00	Director	$0	$0	$0
JUDY SULLIVAN	DIRECTOR	5.00	Director	$0	$0	$0
JUNE VALVA	DIRECTOR	5.00	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	$393,613	$283,516	$1,836,926	$110,097
2023	$356,349	$244,146	$1,715,865	$112,203
2022	$305,318	$204,888	$1,586,738	$100,430
2021	$154,696	$90,497	$1,500,097	$64,199
2020	$170,788	$180,254	$1,415,343	$-9,466
2019	$538,106	$457,914	$1,423,596	$80,192
2018	$375,416	$401,833	$1,336,272	$-26,417

FRIENDS OF THE LIBRARY OF TAMPA - HILLSBOROUGH COUNTY INC