FRIENDS FOUNDATION OF THE CECIL COUNTY PUBLIC LIBRARY INC (EIN 526049235) - 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

2018

Legal Domicile

Principal Officer

Paul Miller

Phone

4109965600

Tax Period

2024-07-01 to 2025-06-30

FRIENDS FOUNDATION OF THE CECIL COUNTY PUBLIC LIBRARY INC, founded in 2018, is a small nonprofit in the Education sector that reported $146K in total revenue in fiscal year 2024. The organization ran a surplus of $68K, a strong 46% operating margin.

Mission

Funding of programs that enrich the Cecil County Librarys impact on its reading and educational activities.

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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 $116,168

Program Service Revenue $0

Investment Income $29,861

Other Revenue $0

TOTAL REVENUE $146,029

Expense Breakdown

Grants Paid $54,500

Salaries & Benefits $0

Fundraising Expenses $15,524

Program Expenses $54,500

Other Expenses $24,010

TOTAL EXPENSES $78,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,029	$146,849	0.0%
Expenses	$78,510	$186,473	-0.6%
Net Income	$67,519	$-39,624	-2.7%

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

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
Meredith S K Boas	Chair	2.00	Officer	$0	$0	$0
Timothy O Danos	Vice Chair	2.00	Officer	$0	$0	$0
Paul Miller	Treasurer	2.00	Officer	$0	$0	$0
Keith Amerman	Director	1.00	Director	$0	$0	$0
Alicia Calhoun	Director	1.00	Director	$0	$0	$0
Alycia Cloud	Director	1.00	Director	$0	$0	$0
Jaime Daley	Director	1.00	Director	$0	$0	$0
Patricia Folk	Director	1.00	Director	$0	$0	$0
Christie McDevitt	Director	1.00	Director	$0	$0	$0
Rachel Wright	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	$146,029	$78,510	$727,789	$67,519
2024	$146,849	$186,473	$663,582	$-39,624
2023	$114,984	$82,604	$716,105	$32,380
2022	$153,587	$46,413	$668,342	$107,174
2021	$178,971	$290,108	$576,716	$-111,137
2020	$737,605	$445,533	$878,851	$292,072

FRIENDS FOUNDATION OF THE CECIL COUNTY PUBLIC LIBRARY INC