FRIENDS OF THE LEXINGTON PUBLIC LIBRARY

EIN: 237026942 501(c)(3)

LEXINGTON, KY

Total Revenue
$443,433
Total Expenses
$411,879
Total Assets
$247,591
Net Assets
$246,401
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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
1968
Legal Domicile
KY
Principal Officer
ROD BROTHERTON
Phone
8592315505
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE LEXINGTON PUBLIC LIBRARY, founded in 1968, is a small nonprofit that reported $443K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $412K left a modest 7% surplus.

Mission

FUNDRAISING THROUGH SALES OF DONATED BOOKS, ECT. TO PROVIDE FINANCIAL AND VOLUNTEER SUPPORT TO THE LEXINGTON PUBLIC LIBRARY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $270,926
Program Service Revenue $171,839
Investment Income $586
Other Revenue $82
TOTAL REVENUE $443,433

Expense Breakdown

Grants Paid $55,500
Salaries & Benefits $66,592
Fundraising Expenses $0
Program Expenses $395,849
Other Expenses $289,787
TOTAL EXPENSES $411,879

Year-over-Year Comparison

2024 2023 Change
Revenue $443,433 $380,824 +0.2%
Expenses $411,879 $369,987 +0.1%
Net Income $31,554 $10,837 +1.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
5
Volunteers
N/A

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD BROTHERTON PRESIDENT 2.00
Officer Director
$0 $0 $0
LARRY JOHNSON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LORI MEISTER BOARD MEMBER 2.00
Director
$0 $0 $0
WILL BARNHART TREASURER 2.00
Director
$0 $0 $0
VICKIE BATZKA BOARD MEMBER 2.00
Director
$0 $0 $0
DOUGLAS HICKS BOARD MEMBER 2.00
Director
$0 $0 $0
KEITH BOHART BOARD MEMBER 2.00
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
2025 $443,433 $411,879 $247,591 $31,554
2024 No data No data No data No data
2023 $334,314 $320,480 $188,861 $13,834
2022 $237,646 $262,479 $172,528 $-24,833
2021 $211,198 $165,431 $213,606 $45,767
2020 $240,885 $277,814 $147,185 $-36,929
2018 $364,836 $311,552 $191,465 $53,284
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