FRIENDS OF THE FLORENCE COUNTY LIBRARY

EIN: 570697650 501(c)(3)

FLORENCE, SC

Total Revenue
$55,984
Total Expenses
$57,401
Total Assets
$1,026,423
Net Assets
$1,026,423
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
SC
Principal Officer
CAYCE GRANGER
Phone
8436626686
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE FLORENCE COUNTY LIBRARY, founded in 1980, is a micro nonprofit that reported $56K in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. Net assets of $1.0M represent 220 months of operating reserves.

Mission

TO ENHANCE THE FLORENCE COUNTY LIBRARY SYSTEM BY RAISING PRIVATE FUNDS TO SUPPLEMENT PUBLIC FUNDING IN ORDER TO PROVIDE BOOKS, MATERIALS, AND PROGRAMS

Program Service Accomplishments

Program 1
Expenses: $22,677

LIBRARY GRANTS GIVEN TO THE FLORENCE COUNTY LIBRARY FOR THE PURCHASE OF BOOKS

Program 2
Expenses: $7,514

CHILDREN'S SUMMER READING, FALL READING, AND CHRISTMAS READING PROGRAMS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $48,068
Program Service Revenue $0
Investment Income $33
Other Revenue $7,883
TOTAL REVENUE $55,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,191
Other Expenses $57,401
TOTAL EXPENSES $57,401

Year-over-Year Comparison

2025 2024 Change
Revenue $55,984 $38,335 +0.5%
Expenses $57,401 $49,087 +0.2%
Net Income $-1,417 $-10,752 -0.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILL BRAMBLETT MEMBER 1.00
Director
$0 $0 $0
TABITHA JAMES MEMBER 1.00
Director
$0 $0 $0
LAURA FLOYD MEMBER 1.00
Director
$0 $0 $0
MARY WALLACE MOORE MEMBER 1.00
Director
$0 $0 $0
TRACEY STANTON MEMBER 1.00
Director
$0 $0 $0
JAMMIE MCDONALD TREASURER 1.00
Officer
$0 $0 $0
CAYCE GRANGER PRESIDENT 1.00
Officer
$0 $0 $0
CARLANNA HENDRICK SECRETARY 1.00
Officer
$0 $0 $0
HANNAH PARKER VICE PRESIDENT 1.00
Officer
$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 $55,984 $57,401 $1,026,423 $-1,417
2024 $38,335 $49,087 $904,458 $-10,752
2023 $51,321 $58,454 $840,898 $-7,133
2022 $53,542 $141,205 $775,677 $-87,663
2021 $125,908 $51,481 $945,275 $74,427
2020 $147,226 $37,630 $870,848 $109,596
2019 $129,158 $50,686 $761,252 $78,472
2018 $70,503 $49,242 $682,780 $21,261
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