FRIENDS OF THE ALGONA PUBLIC LIBRARY FOUNDATION

EIN: 421333388 501(c)(3)

ALGONA, IA

Total Revenue
$134,000
Total Expenses
$6,819
Total Assets
$1,675,980
Net Assets
$1,675,980
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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
1989
Legal Domicile
IA
Tax Period
2019-07-01 to 2020-06-30

FRIENDS OF THE ALGONA PUBLIC LIBRARY FOUNDATION, founded in 1989, is a small nonprofit that reported $134K in total revenue in fiscal year 2019. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $127K, a strong 95% operating margin.

Mission

SUPPORT THE ALGONA 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $133,304
Program Service Revenue $0
Investment Income $696
Other Revenue $0
TOTAL REVENUE $134,000

Expense Breakdown

Grants Paid $4,247
Salaries & Benefits $0
Fundraising Expenses $52
Program Expenses $4,247
Other Expenses $2,572
TOTAL EXPENSES $6,819

Year-over-Year Comparison

2019 2018 Change
Revenue $134,000 $541,252 -0.8%
Expenses $6,819 $3,019 +1.3%
Net Income $127,181 $538,233 -0.8%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FAYE ANN WEYDERT President 2.00
Director
$0 $0 $0
KAREN SAYLER Vice President 2.00
Director
$0 $0 $0
TRUDY DUGAN Secretary 2.00
Director
$0 $0 $0
DEB BAAS Treasurer 2.00
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
2020 $134,000 $6,819 $1,675,980 $127,181
2019 $541,252 $10,018 $1,549,218 $531,234
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