FRIENDS OF THE AIKEN CO PUBLIC LIBRARY (EIN 237013987) - 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

1975

Legal Domicile

Principal Officer

MARILYN PALLADINO

Phone

8032260843

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $715,555

Program Service Revenue $0

Investment Income $104,622

Other Revenue $0

TOTAL REVENUE $820,177

Expense Breakdown

Grants Paid $35,737

Salaries & Benefits $0

Fundraising Expenses $470

Program Expenses $37,391

Other Expenses $18,247

TOTAL EXPENSES $53,984

Year-over-Year Comparison

	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%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

FRIENDS OF THE AIKEN CO PUBLIC LIBRARY