AIKEN, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF THE AIKEN CO PUBLIC LIBRARY, founded in 1975, is a small nonprofit that reported $820K in total revenue in fiscal year 2024. Revenue surged 539% from the prior year, signaling strong growth momentum. The organization ran a surplus of $766K, a strong 93% operating margin.
TO ESTABLISH CLOSER RELATIONS WITH THE AIKEN COUNTY PUBLIC LIBRARY AND THE COMMUNITY WHICH IT SERVES; TO PROMOTE INFORMED INTEREST IN THE LIBRARY'S FUNCTIONS, RESOURCES, SERVICES, AND NEEDS; TO CONFER WITH AND SUPPORT THE WORK OF THE STAFF OF THE LIBRARY AND THE AIKEN COUNTY LIBRARY COMMISSION IN MATTERS RELATING TO THE WELFARE OF THE INSTITUTIONS; AND TO SUPPORT SUCH PROGRAMS OR ACTIVITIES THAT SHALL BE FOR THE IMPROVEMENT OR EXTENSION OF THE LIBRARY'S SERVICES OR NEEDS.
FRIENDS OF THE AIKEN COUNTY LIBRARY PROVIDE FUNDING FOR THE SUMMER READING PROGRAM, FUNDING AS NEEDED FOR THE CHILDREN'S BEFORE KINDERGARTEN PROGRAM, AND OTHER LIBRARY PROGRAM NEEDS AS NECESSARY.
IN PARTNERSHIP WITH AIKEN COUNTY GOVERNMENT, THE FRIENDS OF THE LIBRARY COMMITTED TO FUNDING UP TO $1,000,000 AS PART OF A $3,000,000 RENOVATION OF THE LIBRARY. THE RENOVATION INCLUDES A NEW ADA...
IN PARTNERSHIP WITH AIKEN COUNTY GOVERNMENT, THE FRIENDS OF THE LIBRARY COMMITTED TO FUNDING UP TO $1,000,000 AS PART OF A $3,000,000 RENOVATION OF THE LIBRARY. THE RENOVATION INCLUDES A NEW ADA COMPLIANT ELEVATOR, NEW SAFER FRONT STEPS, MORE STUDY AND CONFERENCE ROOMS, AND MORE EFFICIENT UTILIZATION OF SPACE. THE PROJECT BEGAN IN 2019 AND WAS COMPLETED IN 2023.
FRIENDS OF THE LIBRARY PROVIDE FUNDING FOR THE LANDSCAPING NEEDS OF THE AIKEN COUNTY LIBRARY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $820,177 | $128,342 | +5.4% |
| Expenses | $53,984 | $75,634 | -0.3% |
| Net Income | $766,193 | $52,708 | +13.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARILYN PALLADINO | PRESIDENT | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAUREEN LAWRENCE | VICE PRESIDENT | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHY MCHUGH | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHERYL CRAWFORD | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES MOOR | CHAIRMAN OF THE FINANCE COMMITTEE | 8.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $820,177 | $53,984 | $2,891,049 | $766,193 |
| 2023 | $128,342 | $75,634 | $2,012,969 | $52,708 |
| 2022 | $203,619 | $415,067 | $1,789,643 | $-211,448 |
| 2021 | $400,582 | $176,110 | $2,260,435 | $224,472 |
| 2020 | $108,243 | $489,224 | $1,943,366 | $-380,981 |
| 2019 | $136,307 | $98,395 | $2,376,511 | $37,912 |
| 2018 | $63,426 | $130,779 | $2,274,116 | $-67,353 |
Compare FRIENDS OF THE AIKEN CO PUBLIC LIBRARY with other nonprofits in South Carolina and across the country.