FRIENDS OF THE DAVENPORT PUBLIC LIBRARY (EIN 421204594) - 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

1983

Legal Domicile

Principal Officer

PAUL TOMKINS

Phone

5633267841

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF THE DAVENPORT PUBLIC LIBRARY, founded in 1983, is a small nonprofit that reported $185K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $461K exceeded revenue, resulting in a 149% operating deficit.

Mission

PROVIDE FUNDING FOR THE DAVENPORT 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 $85,884

Program Service Revenue $0

Investment Income $68,554

Other Revenue $30,303

TOTAL REVENUE $184,741

Expense Breakdown

Grants Paid $362,478

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $371,211

Other Expenses $98,235

TOTAL EXPENSES $460,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,741	$615,868	-0.7%
Expenses	$460,713	$751,115	-0.4%
Net Income	$-275,972	$-135,247	+1.0%

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

116

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
HILARY TANNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CONNIE BENNING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL TOMKINS	TREASURER	1.00	Officer Director	$0	$0	$0
KEENEN WILSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC HARTMANN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL EVANS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
HANA STRICKLER	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA YEAGER-WALRATH	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
2025	$184,741	$460,713	$2,646,704	$-275,972
2024	$615,868	$751,115	$2,841,887	$-135,247
2023	$447,376	$188,392	$2,742,137	$258,984
2022	$165,287	$549,569	$2,655,389	$-384,282
2021	$406,481	$622,849	$3,040,296	$-216,368
2020	$309,144	$124,482	$2,650,740	$184,662
2019	$475,118	$224,012	$2,727,115	$251,106

FRIENDS OF THE DAVENPORT PUBLIC LIBRARY