FRIENDS OF APPLETON LIBRARY INCORPORATED (EIN 391550376) - 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

1985

Legal Domicile

Principal Officer

KARA SULLIVAN

Phone

9208323931

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF APPLETON LIBRARY INCORPORATED, founded in 1985, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.2M, a strong 93% operating margin.

Mission

FRIENDS OF APPLETON PUBLIC LIBRARY (FRIENDS) ADVOCATES AND RAISES FUNDS FOR THE APPLETON PUBLIC LIBRARY (APL) AND SERVES AS A BRIDGE BETWEEN THE LIBRARY AND THE GREATER APPLETON COMMUNITY. PUBLIC FUNDING ISNT ENOUGH TO PROVIDE ALL THE SERVICES AND RESOURCES THAT OUR COMMUNITY NEEDS. WITH FRIENDS FUNDS, APL PROVIDES ENHANCED LIBRARY SERVICES BEYOND THOSE PAID FOR WITH TAX DOLLARS FOR ALL AGES, DEMOGRAPHICS, RESIDENTS AND VISITORS OF THE FOX CITIES COMMUNITIES.

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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 $4,294,040

Program Service Revenue $0

Investment Income $225,258

Other Revenue $1,600

TOTAL REVENUE $4,520,898

Expense Breakdown

Grants Paid $61,031

Salaries & Benefits $123,733

Fundraising Expenses $174,656

Program Expenses $92,609

Other Expenses $100,405

TOTAL EXPENSES $329,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,520,898	$6,851,123	-0.3%
Expenses	$329,908	$259,844	+0.3%
Net Income	$4,190,990	$6,591,279	-0.4%

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

$83,591

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARA SULLIVAN	EXECUTIVE DI	30.00	Officer	$83,591	$0	$83,591
DON HIETPAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK ROSS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHUCK ERICKSON	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY FRIEDEL	TREASURER	2.00	Officer Director	$0	$0	$0
KIRSTEN FINLAYSON	DIRECTOR	1.00	Director	$0	$0	$0
CASSIE MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
PRISCILLA DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE ROOP	DIRECTOR	1.00	Director	$0	$0	$0
LEE ALLINGER	DIRECTOR	1.00	Director	$0	$0	$0
ERIN CHUDACOFF	DIRECTOR	1.00	Director	$0	$0	$0
NANCI MICKE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KNEZEL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PTACEK	DIRECTOR	1.00	Director	$0	$0	$0
B SRIDHAR	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN RORTVEDT	NON-VOTING M	1.00	Director	$0	$0	$0
MARGI MANN	TRUSTEE APPO	1.00	Director	$0	$0	$0
MARTHA ARLART	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	$673,991	$111,610	$14,146,497	$562,381
2024	$4,520,898	$329,908	$13,503,039	$4,190,990
2023	$6,851,123	$259,844	$9,046,149	$6,591,279
2022	$566,994	$234,726	$2,411,816	$332,268
2021	$307,324	$185,270	$2,407,387	$122,054
2020	$333,208	$177,797	$1,969,373	$155,411
2019	$156,839	$176,712	$1,833,287	$-19,873

FRIENDS OF APPLETON LIBRARY INCORPORATED