Palm Harbor Friends of the Library Inc

Nonprofit profile at a glance

EIN
591975075
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Palm Harbor, FL, USA
Phone
7277843332
Rating
54
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$53,031
Expenses
$69,228
Assets
$206,536
Liabilities
$210

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KATHLEEN CAPABIANCO (PRESIDENT)

People named in this filing

  • KATHLEEN CAPABIANCO (PRESIDENT)
  • ANNE BARTELS (VICE PRESIDE)
  • ELIZABETH LOMBARDO (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The palm harbor friends of the library, inc. Is a volunteer organization whose purpose is to support and promote the welfare of the palm harbor library. The friends' ongoing fund raising is supported by the "book store" located in the adult services section of the library. All proceeds benefit the palm harbor library in purchasing materials, equipment, and programming.

What it reported doing in 2024

Support and purchase equipment and books for palm harbor, Florida community library.

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 32
  • Transparency & Controls: 82
  • Sustainability: 41
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 33.3%; rating input score 33
  • Program expense ratio: 29.1%; rating input score 29

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -30.5%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 2.98; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.2% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: -1.1% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 33.3% of revenue deployed · 29.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
  • High — Financial Efficiency: Program expense ratio scored 29/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.