FRIENDS OF THE HENDERSON COUNTY PU… - 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

Principal Officer

MILTON BUTTERWORTH

Phone

8285135115

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE HENDERSON COUNTY PUBLIC LIBRARY INC is a small nonprofit that reported $347K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $442K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO SUPPORT AND PROMOTE THE HENDERSON COUNTY PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $426,589

THE FRIENDS SPONSORS CULTURAL AND EDUCATIONAL PROGRAMS WHICH INCLUDES SUMMER READING PROGRAMS, AUTHOR PANELS, NUMEROUS MUSICAL,EDUCATIONAL AND CULTURAL PROGRAMS. IN ADDITION, THE FRIENDS PURCHASES...

THE FRIENDS SPONSORS CULTURAL AND EDUCATIONAL PROGRAMS WHICH INCLUDES SUMMER READING PROGRAMS, AUTHOR PANELS, NUMEROUS MUSICAL,EDUCATIONAL AND CULTURAL PROGRAMS. IN ADDITION, THE FRIENDS PURCHASES NEEDED MATERIALS SUCH AS FURNITURE, BOOKS, DIGITAL TITLES, DVDS, PRIZES AND SUPPLIES FOR THE VARIOUS BRANCHES.

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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 $166,960

Program Service Revenue $0

Investment Income $3,802

Other Revenue $175,826

TOTAL REVENUE $346,588

Expense Breakdown

Grants Paid $359,998

Salaries & Benefits $0

Fundraising Expenses $295

Program Expenses $426,589

Other Expenses $81,954

TOTAL EXPENSES $441,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,588	$292,867	+0.2%
Expenses	$441,952	$169,777	+1.6%
Net Income	$-95,364	$123,090	-1.8%

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

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
MILTON BUTTERWORTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD THOMPSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JESSICA BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
JANE BAIRD	TREASURER	1.00	Officer Director	$0	$0	$0
BILL RAMSEY	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
JANET LUTE	DIRECTOR	0.50	Director	$0	$0	$0
LISA PLEGGE	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA TITUS	MEMBER	N/A	Director	$0	$0	$0
ANN FITZSIMONS	MEMBER	N/A	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	$346,588	$441,952	$948,340	$-95,364
2023	$292,867	$169,777	$1,045,114	$123,090
2022	$275,257	$241,618	$912,393	$33,639
2021	$274,526	$169,640	$884,256	$104,886
2020	$177,772	$148,778	$775,877	$28,994
2019	$214,915	$249,864	$745,019	$-34,949
2018	$222,487	$226,710	$779,162	$-4,223

FRIENDS OF THE HENDERSON COUNTY PUBLIC LIBRARY INC