Friends of Central Arkansas Libraries

EIN: 237029254 501(c)(3)

LITTLE ROCK, AR

Total Revenue
$60,634
Total Expenses
$123,921
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
AR
Phone
5019183086
Tax Period
2023-01-01 to 2023-12-31

Friends of Central Arkansas Libraries, founded in 1969, is a micro nonprofit that reported $61K in total revenue in fiscal year 2023. Expenses of $124K exceeded revenue, resulting in a 104% operating deficit.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE TO PROMOTE COMMUNITY PARTICIPATION IN THE FUNCTIONS, SERVICES, RESOURCES AND NEEDS OF THE CENTRAL ARKANSAS LIBRARY SYSTEM; TO ASSIST IN PROMOTING KNOWLEDGE OF AND PARTICIPATION IN LIBRARY PROGRAMS; TO SUPPORT THE DEVELOPMENT OF PROGRAMS FOR THE EXTENSION AND IMPROVEMENT OF THE LIBRARY'S RESOURCES AND SERVICES; AND TO STIMULATE GIFTS, ENDOWMENTS AND BEQUESTS TO THE LIBRARY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,686
Program Service Revenue $0
Investment Income $284
Other Revenue $48,664
TOTAL REVENUE $60,634

Expense Breakdown

Grants Paid $88,030
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $117,168
Other Expenses $35,891
TOTAL EXPENSES $123,921

Year-over-Year Comparison

2023 2022 Change
Revenue $60,634 $63,659 0.0%
Expenses $123,921 $47,451 +1.6%
Net Income $-63,287 $16,208 -4.9%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 1.0
Officer Director
$0 $0 $0
N/A MEMBER 1.0
Director
$0 $0 $0
N/A MEMBER 1.0
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
2023 $60,634 $123,921 No data $-63,287
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