Friends of Central Arkansas Librar… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $117,168 Revenue: $0

PROVIDE SUPPORT TO THE CENTRAL ARKANSAS LIBRARY SYSTEM, INCLUDING SUPPORT FOR OUTREACH PROGRAMS TO THE CENTRAL ARKANSAS COMMUNITY EDUCATING AND INVOLVING PARTICIPANTS IN READING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
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

Friends of Central Arkansas Libraries