Pinellas Public Library Cooperative Inc

Nonprofit profile at a glance

EIN
592994993
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Clearwater, FL, USA
Phone
7274418408
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonprofit Management

Reported finances

Revenue
$10,171,720
Expenses
$10,251,946
Assets
$3,409,429
Liabilities
$151,602

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

Leadership & pay

11 people listed

Executive titles in this filing

  • Cheryl Morales (Executive Director)

Highest reported compensation

  • Cheryl Morales (Executive Director): $130,752 total reported compensation

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

Overview

Mission

The Pinellas Public Library Cooperative, Inc. serves the communities in Pinellas County with the Administrative Office located in Clearwater. The Cooperative office provides coordination of activities, funding, and marketing services for member libraries. Special services offered by the Cooperative include the Pinellas Talking Book Library and the Deaf Literacy Center.

What it reported doing in 2024

The Deaf Literacy Center (DLC) is a countywide library-based adult literacy program for deaf and hard-of-hearing. This community program is a service of the Pinellas Public Library Cooperative, Inc. which serves the communities in Pinellas County, Florida by providing coordinated services for member libraries. The DLC program began as a response to the need to provide quality library services to the local Deaf community. The program is a countywide program with multiple sites that provide basic literacy and computer literacy, signed storytimes, special workshops, sign language classes, and book discussions for the Deaf.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Affiliate network. The nonprofit sent 81% of its reported program spending through affiliated organizations.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 35
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.1%; rating input score 93
  • Program expense ratio: 92.8%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.8%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 93.1% of revenue deployed · 92.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $9.5M in reported program spending
  • Leadership: top reported pay $131K · 11 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.