Panhandle Library Access Network Inc
EIN: 593143384 · Vernon, FL · NTEE: Z99Z
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $908K |
| Net Assets | $475K |
Is Panhandle Library Access Network Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Panhandle Library Access Network Inc
Panhandle Library Access Network Inc (EIN: 593143384) is a nonprofit organization based in Vernon, FL, classified under NTEE code Z99Z. The organization reported total revenue of $1.0M and total assets of $549K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Panhandle Library Access Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Panhandle Library Access Network Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $954K |
| Total Expenses | $908K |
| Surplus / Deficit | +$46K |
| Total Assets | $560K |
| Total Liabilities | $86K |
| Net Assets | $475K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 15.3% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2023, Panhandle Library Access Network Inc reported a surplus of $46K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 15.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Panhandle Library Access Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.1% | -25.5% | +15.2% |
| 2022 | +92.5% | +100.1% | +0.5% |
| 2021 | -39.7% | -44.0% | +55.0% |
| 2020 | +31.7% | +32.0% | -3.9% |
| 2019 | -2.5% | -2.8% | +31.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Panhandle Library Access Network Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Panhandle Library Access Network Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.3%.
Frequently Asked Questions about Panhandle Library Access Network Inc
Is Panhandle Library Access Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Panhandle Library Access Network Inc (EIN: 593143384) insufficient data. 0 red flags identified, 0 strengths noted.
How does Panhandle Library Access Network Inc spend its money?
Detailed spending breakdown data is not yet available for Panhandle Library Access Network Inc. Check back for updated IRS 990 analysis.
Are donations to Panhandle Library Access Network Inc tax-deductible?
Panhandle Library Access Network Inc is registered as a tax-exempt nonprofit (EIN: 593143384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Panhandle Library Access Network Inc located?
Panhandle Library Access Network Inc is headquartered in Vernon, Florida and files with the IRS under EIN 593143384. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Panhandle Library Access Network Inc have?
Panhandle Library Access Network Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Filing History
IRS 990 filing history for Panhandle Library Access Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Panhandle Library Access Network Inc's revenue has grown by 97.4%, moving from $483K to $954K. Total assets increased by 56.2% over the same period, from $359K to $560K. Total functional expenses rose by 82%, from $499K to $908K. In its most recent filing year (2023), Panhandle Library Access Network Inc reported a surplus of $46K, with revenue exceeding expenses. The organization holds $86K in liabilities against $560K in assets (debt-to-asset ratio: 15.3%), resulting in net assets of $475K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $954K | $908K | $560K | $86K | — | View 990 |
| 2022 | $1.3M | $1.2M | $486K | $58K | — | — |
| 2021 | $680K | $609K | $484K | $145K | — | View 990 |
| 2020 | $1.1M | $1.1M | $312K | $44K | — | — |
| 2019 | $856K | $825K | $325K | $96K | — | View 990 |
| 2018 | $878K | $848K | $248K | $50K | — | View 990 |
| 2017 | $815K | $782K | $224K | $56K | — | View 990 |
| 2016 | $756K | $738K | $209K | $73K | — | View 990 |
| 2015 | $680K | $691K | $256K | $138K | — | View 990 |
| 2014 | $514K | $484K | $148K | $19K | — | View 990 |
| 2013 | $259K | $396K | $237K | $137K | — | View 990 |
| 2012 | $473K | $498K | $278K | $41K | — | View 990 |
| 2011 | $483K | $499K | $359K | $97K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $954K, expenses of $908K, and assets of $560K (revenue -27.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $486K (revenue +92.5% year-over-year).
- 2021: Revenue of $680K, expenses of $609K, and assets of $484K (revenue -39.7% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $312K (revenue +31.7% year-over-year).
- 2019: Revenue of $856K, expenses of $825K, and assets of $325K (revenue -2.5% year-over-year).
- 2018: Revenue of $878K, expenses of $848K, and assets of $248K (revenue +7.8% year-over-year).
- 2017: Revenue of $815K, expenses of $782K, and assets of $224K (revenue +7.7% year-over-year).
- 2016: Revenue of $756K, expenses of $738K, and assets of $209K (revenue +11.2% year-over-year).
- 2015: Revenue of $680K, expenses of $691K, and assets of $256K (revenue +32.3% year-over-year).
- 2014: Revenue of $514K, expenses of $484K, and assets of $148K (revenue +98.4% year-over-year).
- 2013: Revenue of $259K, expenses of $396K, and assets of $237K (revenue -45.2% year-over-year).
- 2012: Revenue of $473K, expenses of $498K, and assets of $278K (revenue -2.1% year-over-year).
- 2011: Revenue of $483K, expenses of $499K, and assets of $359K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Panhandle Library Access Network Inc:
Data Sources and Methodology
This transparency report for Panhandle Library Access Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.