FRIENDS OF WHTL PUBLIC LIBRARY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF WHTL PUBLIC LIBRARY INC, founded in 2013, is a small nonprofit in the Education sector that reported $344K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 254% operating deficit.

Mission

PROVIDE SUPPORT TO THE WHITEHALL PUBLIC LIBRARY THROUGH VOLUNTEER ACTIVITIES AND MONETARY ASSISTANCE INLCUDING EDUCATING THE PUBLIC ABOUT AVAILABLE RESOURCES AND SERVICES THE LIBRARY PROVIDES.

Program Service Accomplishments

Program 1

Expenses: $1,217,225

THE FRIENDS OF WHITEHALL PUBLIC LIBRARY INC SUCESSFULLY DID FUNDRAISERS TO SUPPORT THE ONGOING OPERATIONS OF THE PUBLIC LIBRARY AS WELL AS HELPED SECURE FUNDS FOR FUTURE EXPANSION INTO A NEW LIBRARY...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $325,388

Program Service Revenue $0

Investment Income $10,963

Other Revenue $7,460

TOTAL REVENUE $343,811

Expense Breakdown

Grants Paid $1,216,327

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,217,225

Other Expenses $2,352

TOTAL EXPENSES $1,218,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,811	$475,090	-0.3%
Expenses	$1,218,679	$1,061,130	+0.1%
Net Income	$-874,868	$-586,040	+0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY SWENSON	VICE CHAIR	0.50	Officer	$0	$0	$0
MARNIE ANDERSON	TREASURER	1.50	Officer	$0	$0	$0
JULIE GEURINK	CHAIR	1.00	Officer	$0	$0	$0
SHARON IVERS	SECRETARY	1.00	Officer	$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
2023	$343,811	$1,218,679	$29,237	$-874,868
2022	$475,090	$1,061,130	$904,105	$-586,040
2021	$515,344	$7,205	$1,490,145	$508,139
2020	$156,986	$2,120	$982,006	$154,866
2019	$28,823	$4,299	$827,140	$24,524
2018	$783,037	$1,709	$802,616	$781,328