Friends of the Memphis Public Library (EIN 237099261) - Form 990 Financial Analysis & Trantor Score

🔒

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

1962

Legal Domicile

Phone

9017346049

Tax Period

2024-01-01 to 2024-12-31

Friends of the Memphis Public Library, founded in 1962, is a small nonprofit in the Education sector that reported $435K in total revenue in fiscal year 2024.

Mission

To promote the improvement of the facilities and services of Memphis Public Libraries.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $6,392

Program Service Revenue $343,718

Investment Income $82,710

Other Revenue $2,035

TOTAL REVENUE $434,855

Expense Breakdown

Grants Paid $386,367

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $386,367

Other Expenses $81,112

TOTAL EXPENSES $467,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,855	$432,009	+0.0%
Expenses	$467,479	$302,194	+0.5%
Net Income	$-32,624	$129,815	-1.3%

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

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
ZACH HARPOLE	MEMBER AT LARGE	6.00	Director	$0	$0	$0
JAIRO AGUILA	MEMBER AT LARGE	5.00	Director	$0	$0	$0
CAROLYN HEAD	MEMBER AT LARGE	8.00	Director	$0	$0	$0
SUSAN MORESI	MEMBER AT LARGE	4.00	Director	$0	$0	$0
FRANCIS OFFIONG	MEMBER AT LARGE	4.00	Director	$0	$0	$0
PHYLLIS TAYLOR THOMAS	MEMBER AT LARGE	6.00	Director	$0	$0	$0
CHANDRA BAILEY	CHEROKEE BRANCH REP	14.00	Director	$0	$0	$0
LINDA BUSBY	CORDOVA BRANCH REP	8.00	Director	$0	$0	$0
ANNAR BROWN	FRAYSER BRANCH REP	10.00	Director	$0	$0	$0
ROSA DENNIS	LEVI BRANCH REP	5.00	Director	$0	$0	$0
EUNICE FORDE	PARKWAY VILLAGE BRANCH REP	13.00	Director	$0	$0	$0
WILLIAM HAMMOND	NORTH BRANCH REP	4.00	Director	$0	$0	$0
SHELLY LEWIS	RALEIGH BRANCH REP	10.00	Director	$0	$0	$0
JARED MYERS	RANDOLPH BRANCH REP	0.00	Director	$0	$0	$0
TERRICE THOMAS	SOUTH BRANCH REP	0.00	Director	$0	$0	$0
SHARON TROWER	OFFICER GEOFFREY REDD BRANCH REP	14.00	Director	$0	$0	$0
JACQUELINE WALLACE	CRENSHAW GASTON PARK BRANCH REP	5.00	Director	$0	$0	$0
TIM ANDERSON	ORANGE MOUND BRANCH REP	10.00	Director	$0	$0	$0
ANN BAILEY-MITCHELL	PRESIDENT	0.00	Officer Director	$0	$0	$0
ALICE BURNS	SECRETARY	0.00	Officer Director	$0	$0	$0
JACQUE JENKINS	TREASURER	0.00	Officer 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	$434,855	$467,479	$747,239	$-32,624
2023	$432,009	$302,194	$760,741	$129,815
2022	$292,914	$282,537	$722,068	$10,377
2021	$302,984	$106,236	$708,250	$196,748
2020	$197,761	$193,985	$511,267	$3,776
2019	$414,393	$419,267	$491,290	$-4,874
2018	$379,124	$462,413	$410,696	$-83,289
2018	$379,124	$492,271	$410,696	$-113,147

Friends of the Memphis Public Library