FRIENDS OF THE HENNEPIN COUNTY LIBRARY (EIN 363579536) - 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

1986

Legal Domicile

Principal Officer

KRISTI PEARSON

Phone

6125438100

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE HENNEPIN COUNTY LIBRARY, founded in 1986, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

BUILD AWARENESS, APPRECIATION AND SUPPORT FOR OUR WORLD CLASS 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 (2023)

Revenue Breakdown

Contributions & Grants $3,227,457

Program Service Revenue $492,227

Investment Income $386,035

Other Revenue $0

TOTAL REVENUE $4,105,719

Expense Breakdown

Grants Paid $2,300,000

Salaries & Benefits $955,707

Fundraising Expenses $680,918

Program Expenses $3,135,445

Other Expenses $759,570

TOTAL EXPENSES $4,015,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,105,719	$4,920,419	-0.2%
Expenses	$4,015,277	$3,996,666	+0.0%
Net Income	$90,442	$923,753	-0.9%

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

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

$179,018

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI PEARSON	CEO	40.00	Officer	$166,934	$12,084	$179,018
ADAM BREININGER	COO	40.00	Highest	$113,187	$15,204	$128,391
ROSA MARROQUIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MOHAMMED LAWAL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN GAW	TREASURER	1.00	Officer Director	$0	$0	$0
JULIA DAYTON KLEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE ALLINSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
LISSA JONES-LOFGREN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE KNUTH	DIRECTOR	1.00	Director	$0	$0	$0
NAWAL NOOR	DIRECTOR	1.00	Director	$0	$0	$0
KYLE PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
KAI SAKSTRUP	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$4,105,719	$4,015,277	$8,044,246	$90,442
2022	$4,920,419	$3,996,666	$7,411,418	$923,753
2021	$5,950,054	$3,519,311	$7,936,956	$2,430,743
2020	$2,893,102	$2,954,059	$5,361,803	$-60,957
2019	$3,641,849	$2,627,258	$5,115,205	$1,014,591
2018	$2,781,669	$2,490,592	$3,698,034	$291,077

FRIENDS OF THE HENNEPIN COUNTY LIBRARY