THE FRIENDS OF THE HOWARD COUNTY LIBRARY INC (EIN 521226011) - 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

1979

Legal Domicile

Principal Officer

Nana Owusu-Nkwantabisa

Phone

4103137700

Tax Period

2023-01-01 to 2023-12-31

THE FRIENDS OF THE HOWARD COUNTY LIBRARY INC, founded in 1979, is a small nonprofit that reported $241K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

The Friends of the Howard County Library Inc. dba FRIENDS & FOUNDATION OF HCLS is a nonprofit organization that supports the Howard County Library System HCLS in its mission to be place where the community can connect grow and learn.

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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 $244,647

Program Service Revenue $0

Investment Income $1,185

Other Revenue $-4,555

TOTAL REVENUE $241,277

Expense Breakdown

Grants Paid $200,976

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,976

Other Expenses $34,299

TOTAL EXPENSES $235,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,277	$188,578	+0.3%
Expenses	$235,275	$213,002	+0.1%
Net Income	$6,002	$-24,424	-1.2%

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

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
Nana Owusu-Nkwantabiisi	Board Chair	3.50	Officer Director	$0	$0	$0
John Dove0	Vice Chair	2.00	Officer Director	$0	$0	$0
Ellen Flynn Giles	Board Treasurer	3.00	Officer Director	$0	$0	$0
Kristi Simon	Board Secretary	1.50	Officer Director	$0	$0	$0
David Kay	Board of Directors	1.00	Director	$0	$0	$0
Diane Martin	Board of Directors	1.00	Director	$0	$0	$0
Jay Polaki	Board of Directors	1.00	Director	$0	$0	$0
Heather Shafer	Board of Directors	1.00	Director	$0	$0	$0
Tony Trenkle	Board of Directors	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
2023	$241,277	$235,275	$158,777	$6,002

THE FRIENDS OF THE HOWARD COUNTY LIBRARY INC