FRIENDS OF LOVERS KEY INC (EIN 650770374) - 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

1997

Legal Domicile

Principal Officer

James S Remis

Phone

2394634588

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF LOVERS KEY INC, founded in 1997, is a small nonprofit in the Environment sector that reported $201K in total revenue in fiscal year 2025. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $257K exceeded revenue, resulting in a 27% operating deficit.

Mission

FOLKS Mission Friends of Lovers Key helping to Protect, Preserve and Support Lovers Key State Park

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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 $190,557

Program Service Revenue $25,172

Investment Income $20,891

Other Revenue $-35,241

TOTAL REVENUE $201,379

Expense Breakdown

Grants Paid $184,556

Salaries & Benefits $5,641

Fundraising Expenses $0

Program Expenses $204,874

Other Expenses $66,326

TOTAL EXPENSES $256,523

Year-over-Year Comparison

	2025	2024	Change
Revenue	$201,379	$469,516	-0.6%
Expenses	$256,523	$166,425	+0.5%
Net Income	$-55,144	$303,091	-1.2%

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

Volunteers

100

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
Jason Dolle	Director	5	Director	$0	$0	$0
Carmen Moch	Director	10	Director	$0	$0	$0
Michele Dunlap	Director	10	Director	$0	$0	$0
Janet Cassise	Director	5	Director	$0	$0	$0
Lisa Kraska	Director	10	Director	$0	$0	$0
Eric Monroe	Director	10	Director	$0	$0	$0
James S Remis	President and Board Chair	25	Officer	$0	$0	$0
Karen Woodson	VP Operations	20	Officer	$0	$0	$0
Kathryn Klar	Treasurer	25	Officer	$0	$0	$0
Chrisy Hennessey	Secretary	20	Officer	$0	$0	$0
Tina Tyler	VP Donor Development	20	Officer	$0	$0	$0
Frank Cassise	Director	5		$0	$0	$0
Tim Horvatich	Director	10		$0	$0	$0
John Wesley Nash	Director	15		$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	$201,379	$256,523	$1,847,791	$-55,144
2024	$469,516	$166,425	$1,740,312	$303,091
2023	$286,427	$150,823	$1,490,215	$135,604
2022	$343,639	$100,399	$1,324,166	$243,240
2021	$311,838	$92,628	$1,050,713	$219,210
2020	$194,400	$74,565	$964,345	$119,835

FRIENDS OF LOVERS KEY INC