Friends of the Knox County Public Library

EIN: 237208195 501(c)(3)

Knoxville, TN

Total Revenue
$234,126
Total Expenses
$189,537
Total Assets
$1,048,346
Net Assets
$570,528
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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
1970
Legal Domicile
TN
Phone
8652158775
Tax Period
2023-07-01 to 2024-06-30

Friends of the Knox County Public Library, founded in 1970, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $45K, a strong 19% operating margin.

Mission

Friends of the Knox County Public Library is a nonprofit organization that supports a vision of an excellent, free, public library available to everyone. We are a group of committed individuals who advocate and raise support for all 18 locations of the library system. Our members contribute funds through annual dues as well as through donations and donate time through volunteering. Thousands of people in our community benefit from the library programs we support throughout Knox County.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $171,976
Program Service Revenue $0
Investment Income $62,150
Other Revenue $0
TOTAL REVENUE $234,126

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,354
Fundraising Expenses $7,541
Program Expenses $132,978
Other Expenses $141,183
TOTAL EXPENSES $189,537

Year-over-Year Comparison

2023 2022 Change
Revenue $234,126 $208,650 +0.1%
Expenses $189,537 $179,136 +0.1%
Net Income $44,589 $29,514 +0.5%
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
15
Independent Members
15
Employees
1
Volunteers
200

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
2
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brewton Couch Director 1.00
Officer Director
$0 $0 $0
Stacey Olfe Treasurer 0.00
Director
$0 $0 $0
Gloria Austin Director 0.00
Director
$0 $0 $0
Elizabeth Birdwell Secretary 4.00
Officer Director
$0 $0 $0
Brooke Everett Director 0.00
Director
$0 $0 $0
Crystal Ellwood Director 0.00
Director
$0 $0 $0
Cindy Gibson Director 0.00
Director
$0 $0 $0
Jennifer Johnson Director 0.00
Director
$0 $0 $0
Meredith James Director 0.00
Director
$0 $0 $0
Scott Muir President & CEO 0.00
Director
$0 $0 $0
Ashleu Shaffer Director 0.00
Director
$0 $0 $0
Susan Alexander Director 4.00
Director
$0 $0 $0
Bonny Naugher Director 0.00
Director
$0 $0 $0
Chris Boake Director 0.00
Director
$0 $0 $0
Chris Hood Director 0.00
Director
$0 $0 $0
Diane Tuccillo Director 0.00
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 No data No data No data No data
2024 $234,126 $189,537 $1,048,346 $44,589
2023 $208,650 $179,136 $829,624 $29,514
2022 $84,973 $120,367 $806,394 $-35,394
2021 $215,348 $175,877 $806,307 $39,471
2020 $113,415 $82,834 $765,243 $30,581
2019 $152,877 $111,463 $685,754 $41,414
2018 $141,973 $129,484 $577,022 $12,489
2018 $137,399 $129,484 $572,448 $7,915
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