FRIENDS OF THE ROCHESTER HILLS PUBLIC LIBRARY (EIN 237068921) - 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

1961

Legal Domicile

Principal Officer

JOHN COOMBS

Phone

2486507179

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE ROCHESTER HILLS PUBLIC LIBRARY, founded in 1961, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2023. The organization ran a surplus of $32K, a strong 15% operating margin.

Mission

TO PROVIDE SUPPORT TO EXTEND AND IMPROVE LIBRARY SERVICES AND RESOURCES

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,940

Program Service Revenue $0

Investment Income $47

Other Revenue $189,348

TOTAL REVENUE $213,335

Expense Breakdown

Grants Paid $171,000

Salaries & Benefits $0

Fundraising Expenses $1,154

Program Expenses $171,000

Other Expenses $10,063

TOTAL EXPENSES $181,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,335	$222,612	0.0%
Expenses	$181,063	$177,011	+0.0%
Net Income	$32,272	$45,601	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN COOMBS	TREASURER	5.00	Officer	$0	$0	$0
BILL KROGER	VICE-PRESIDE	10.00	Officer	$0	$0	$0
RON MEEGAN	PRESIDENT	10.00	Officer	$0	$0	$0
SANDY TABACCHI	SECRETARY	5.00	Officer	$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	No data	No data	No data	No data
2023	$213,335	$181,063	$424,513	$32,272
2022	$222,612	$177,011	$392,030	$45,601
2021	$150,440	$108,295	$347,269	$42,145
2020	$113,081	$175,323	$301,288	$-62,242
2019	$199,549	$195,275	$368,691	$4,274
2018	$227,346	$135,877	$360,892	$91,469

FRIENDS OF THE ROCHESTER HILLS PUBLIC LIBRARY