Friends of The Broward County Afri… - 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

2004

Legal Domicile

Principal Officer

Luwando L Wright

Phone

9543576282

Tax Period

2024-10-01 to 2025-09-30

Friends of The Broward County African-American Research Library and Cultura, founded in 2004, is a small nonprofit in the Education sector that reported $555K in total revenue in fiscal year 2024. Revenue surged 815% from the prior year, signaling strong growth momentum. The organization ran a surplus of $389K, a strong 70% operating margin.

Mission

The Friends of AARLCC is an organization that brings together community friends to a advocate and promote community understanding of library services by presenting the needs to government officials. Past events include Ashley Bryan, book festivals and Soulful Christmas.

Program Service Accomplishments

Program 1

Expenses: $166,163 Revenue: $555,009

See Additional data

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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 $550,352

Program Service Revenue $0

Investment Income $0

Other Revenue $4,656

TOTAL REVENUE $555,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,163

Other Expenses $166,163

TOTAL EXPENSES $166,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$555,008	$60,627	+8.2%
Expenses	$166,163	$75,376	+1.2%
Net Income	$388,845	$-14,749	-27.4%

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
Angelica Curry	Asst. Treasurer	4.00	Director	$0	$0	$0
Catherine Minnis	Vice President	4.00	Director	$0	$0	$0
Luwando Wright	President	4.00	Director	$0	$0	$0
Karen Smith	Corresponding Secretary	4.00	Director	$0	$0	$0
Maxine Dalen	Director	4.00	Director	$0	$0	$0
Jacqueline Lindsey	Secretary	4.00	Director	$0	$0	$0
Roselyn Honyghan	Vice President	4.00	Director	$0	$0	$0
d'Rene Benson	Vice President	4.00	Director	$0	$0	$0
Greer Marcia Robinson	Treasurer	4.00	Director	$0	$0	$0
Anthony Avery	Director	4.00	Director	$0	$0	$0
Bobby Henry	Director	4.00	Director	$0	$0	$0
Pamela Adams	Director	4.00	Director	$0	$0	$0
Audrey Evans	Director	4.00	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	$555,008	$166,163	$480,623	$388,845

Friends of The Broward County African-American Research Library and Cultura