FRIENDS OF THE LIBRARY (EIN 341681594) - 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

1974

Legal Domicile

Principal Officer

ERIN HEPBURN

Phone

7403122641

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE LIBRARY, founded in 1974, is a micro nonprofit in the Education sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $6K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO SUPPORT THE GROWTH AND CONTINUED OPERATION OF THE ST. CLAIRSVILLE, OHIO PUBLIC LIBRARY.

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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 $360

Program Service Revenue $0

Investment Income $0

Other Revenue $3,852

TOTAL REVENUE $4,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,717

Other Expenses $5,717

TOTAL EXPENSES $5,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,212	$204,642	-1.0%
Expenses	$5,717	$205,050	-1.0%
Net Income	$-1,505	$-408	+2.7%

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
ERIN HEPBURN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE MERRITT-ABEL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER KOSEK	TREASURER	2.00	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	$4,212	$5,717	$14,702	$-1,505
2023	$204,642	$205,050	$16,207	$-408

FRIENDS OF THE LIBRARY