Friends of the Worthington Public … - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

Rebecca Princehorn

Phone

6145659715

Tax Period

2023-01-01 to 2023-12-31

Friends of the Worthington Public Library, founded in 1972, is a micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $61K left a modest 13% surplus.

Mission

To promote use and awareness of the Worthington Libraries and provide financial support to library services and programs.

Program Service Accomplishments

Program 1

Expenses: $58,085

For support of library programs, such as author visits, concerts, and learning activities for all ages. The programs are open to the entire community.

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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 $31,763

Program Service Revenue $0

Investment Income $737

Other Revenue $38,194

TOTAL REVENUE $70,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,085

Other Expenses $61,281

TOTAL EXPENSES $61,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,694	$64,661	+0.1%
Expenses	$61,281	$28,188	+1.2%
Net Income	$9,413	$36,473	-0.7%

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
Rebecca Princehorn	President	5.00	Officer Director	$0	$0	$0
Susan Emerson	Vice President	3.00	Officer Director	$0	$0	$0
Perry Clark	Treasurer	3.00	Officer Director	$0	$0	$0
Michelle Geissbuhler	Member-at-Large	0.00	Director	$0	$0	$0
Gari Aber	Member-at-Large	0.00	Director	$0	$0	$0
Wade Duym	Member-at-Large	0.00	Director	$0	$0	$0
Aaron Newmann	Member-at-Large	0.00	Director	$0	$0	$0
Eddie Pauline	Member-at-Large	0.00	Director	$0	$0	$0
Rosemary Rossiter	Member-at-Large	0.00	Director	$0	$0	$0
Michelle Sarff	Member-at-Large	0.00	Director	$0	$0	$0
Lindsay Sestile	Member-at-Large	0.00	Director	$0	$0	$0
Erika Tserev	Member-at-Large	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	No data	No data	No data	No data
2023	$70,694	$61,281	$722,649	$9,413

Friends of the Worthington Public Library