FRIENDS OF THE HILTON HEAD LIBRARY (EIN 237208194) - 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

1971

Legal Domicile

Principal Officer

Linda Farrenkopf

Phone

8432556532

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE HILTON HEAD LIBRARY, founded in 1971, is a small nonprofit that reported $111K in total revenue in fiscal year 2024. The organization ran a surplus of $32K, a strong 29% operating margin.

Mission

The Friends of the Hilton Head Library was organized as a non-profit organization to promote literacy and encourage the pursuit of life long learning through use of the library's resources. We raise funds to help our library be the first-rate public service our community values expect.

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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 (2024)

Revenue Breakdown

Contributions & Grants $34,374

Program Service Revenue $36,124

Investment Income $40,149

Other Revenue $0

TOTAL REVENUE $110,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,223

Other Expenses $78,844

TOTAL EXPENSES $78,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,647	$110,957	0.0%
Expenses	$78,844	$84,648	-0.1%
Net Income	$31,803	$26,309	+0.2%

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

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
Linda Farrenkolf	President	2	Director	$0	$0	$0
Paula Beasley	Secretary	2	Director	$0	$0	$0
Alison Derr	Treasurer	2	Director	$0	$0	$0
Mary Joan McDuffie	Bookstore Manager	1	Director	$0	$0	$0
Mary Ann Cyr	Member at Large	1	Director	$0	$0	$0
Lynn Nelson	Marketing and Communications	1	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	$110,647	$78,844	$1,290,216	$31,803
2024	$110,957	$84,648	$1,192,635	$26,309
2023	$248,987	$89,326	$1,106,191	$159,661
2022	$251,823	$90,843	$915,243	$160,980
2021	$48,982	$129,626	$877,639	$-80,644
2020	$77,842	$79,189	$844,494	$-1,347
2019	$130,870	$90,284	$833,605	$40,586

FRIENDS OF THE HILTON HEAD LIBRARY