WEST PALM BEACH LIBRARY FOUNDATION INC (EIN 651068311) - 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

2000

Principal Officer

MARGARET MORASKIE

Phone

5618687793

Tax Period

2024-10-01 to 2025-09-30

WEST PALM BEACH LIBRARY FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $868K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $966K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE LIBRARY FOUNDATION'S MISSION IS TO ENSURE THAT THE LIFE-CHANGING PROGRAMS, SERVICES, AND RESOURCES OFFERED THROUGH THE MANDEL PUBLIC LIBRARY OF WEST PALM BEACH REMAIN FREE AND ACCESSIBLE TO ALL.

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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 $832,430

Program Service Revenue $2,840

Investment Income $121,815

Other Revenue $-89,279

TOTAL REVENUE $867,806

Expense Breakdown

Grants Paid $410,147

Salaries & Benefits $435,304

Fundraising Expenses $72,165

Program Expenses $747,154

Other Expenses $120,953

TOTAL EXPENSES $966,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$867,806	$719,635	+0.2%
Expenses	$966,404	$883,095	+0.1%
Net Income	$-98,598	$-163,460	-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

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

$222,500

Total Directors

$222,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN W DIMKE	CEO	40.00	Officer Director	$222,500	$0	$222,500
STEVEN A MAYANS	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
MARGARET MORASKIE	CHAIR	6.00	Officer Director	$0	$0	$0
DR MARY ANN DUPONT	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES CAPP PHD	VICE CHAIR/T	2.00	Officer Director	$0	$0	$0
ADRIENNE M COFFIN	LEGAL COUNSE	1.00	Director	$0	$0	$0
JERI MUOIO	AT LARGE MEM	1.00	Director	$0	$0	$0
HONORABLE ANN W BROWN	LIBRARY AMBA	1.00	Director	$0	$0	$0
JILL DVARECKAS	FL POWER & L	1.00	Director	$0	$0	$0
CHRISTINE HORROCKS CPA	REHMANN	1.00	Director	$0	$0	$0
NANCY MARSHALL	LIBRARY AMBA	1.00	Director	$0	$0	$0
JAMES MCBRAYER	BESSEMER TRU	1.00	Director	$0	$0	$0
TINA MUNROE	KEY BANK	1.00	Director	$0	$0	$0
BEVERLY MYERS	LIBRARY AMBA	1.00	Director	$0	$0	$0
DAPHNE NIKOLOPOULOS	PB ILLUSTRAT	1.00	Director	$0	$0	$0
TREY MAHONEY	UBS	1.00	Director	$0	$0	$0
JORDAN RATHLEV	RELATED COMP	1.00	Director	$0	$0	$0
ADRIENNE RAPTIS	RAPTIS RARE	1.00	Director	$0	$0	$0
RICKY WADE	MCDONALDS FR	1.00	Director	$0	$0	$0
STEPHANIE GATES	ARTS & CULTU	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	$867,806	$966,404	$6,869,807	$-98,598
2024	$719,635	$883,095	$6,467,396	$-163,460
2023	$702,208	$851,402	$5,516,521	$-149,194
2023	$702,208	$851,402	$5,516,521	$-149,194
2022	$632,591	$1,032,729	$5,016,699	$-400,138
2021	$833,009	$793,374	$6,490,651	$39,635
2020	$356,221	$537,428	$5,651,821	$-181,207
2019	$410,806	$574,677	$5,482,476	$-163,871
2018	$787,963	$585,418	$5,532,959	$202,545

WEST PALM BEACH LIBRARY FOUNDATION INC