WHITE COUNTY PUBLIC LIBRARY FRIEND… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

JOYLYNN EDWARDS

Phone

5012792870

Tax Period

2024-01-01 to 2024-12-31

WHITE COUNTY PUBLIC LIBRARY FRIENDS FOUNDATION INC, founded in 2014, is a small nonprofit in the Education sector that reported $246K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 1550% operating deficit.

Mission

TO RAISE FUNDS TO CONSTRUCT, HELP OPERATE, AND TO THE BENEFIT OF THE WHITE COUNTY REGIONAL LIBRARY SYSTEM; TO ACQUIRE PROPERTY, BOTH REAL AND PERSONAL, BY GIFT, PURCHASE, TRANSFER, DEVISE, OR BEQUEST FOR THE USE BY THE NONPROFIT IN CARRYING OUT PURPOSES OF TEH NONPORFIT.

Program Service Accomplishments

Program 1

Expenses: $4,060,380 Revenue: $0

ASSISTED WITH FUNDING FOR THE CONSTRUCTION AND FURNISHING OF A NEW PUBLIC LIBRARY FACILITY FOR THE WHITE COUNTY REGIONAL LIBRARY SYSTEM IN SEARCY, ARKANSAS.

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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 $235,751

Program Service Revenue $0

Investment Income $7,631

Other Revenue $3,071

TOTAL REVENUE $246,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,060,380

Other Expenses $4,066,582

TOTAL EXPENSES $4,066,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,453	$748,475	-0.7%
Expenses	$4,066,582	$11,504	+352.5%
Net Income	$-3,820,129	$736,971	-6.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA FANT	DIRECTOR	0.00	Director	$0	$0	$0
BRADI ROBERTS	DIRECTOR	0.00	Officer	$0	$0	$0
DANA SIMMONS	DIRECTOR	0.00	Director	$0	$0	$0
JOYCE TURLEY	DIRECTOR	0.00	Director	$0	$0	$0
MELISSA LACY	DIRECTOR	0.00	Director	$0	$0	$0
JAN SMITH	DIRECTOR	10.00	Director	$0	$0	$0
JOYLYNN EDWARDS	PRESIDENT	5.00	Officer	$0	$0	$0
KAREN HARRELL	SECRETARY	5.00	Officer	$0	$0	$0
MARY JO ALVIS	DIRECTOR	0.00	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	$246,453	$4,066,582	$320,641	$-3,820,129
2023	$748,475	$11,504	$4,140,770	$736,971
2022	$1,589,520	$6,973	$3,403,799	$1,582,547
2021	$584,016	$3,163	$609,580	$580,853

WHITE COUNTY PUBLIC LIBRARY FRIENDS FOUNDATION INC