Richland Library Friends and Found… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Phone

8039293455

Tax Period

2024-07-01 to 2025-06-30

Richland Library Friends and Foundation, founded in 1982, is a small nonprofit in the Education sector that reported $551K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 19% operating margin.

Mission

OPERATED FOR THE IMPROVEMENT, EXPANSION, SUPPORT, DEVELOPMENT, MAINTENANCE, ENHANCEMENT, AND UPKEEP OF THE BUILDINGS, EQUIPMENT, AND COLLECTIONS OF THE RICHLAND COUNTY PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $376,178 Revenue: $0

OPERATED FOR THE IMPROVEMENT, EXPANSION, SUPPORT, DEVELOPMENT MAINTENANCE, ENHANCEMENT, AND UPKEEP OF THE BUILDINGS, EQUIPMENT, AND COLLECTIONS OF THE RICHLAND COUNTY PUBLIC LIBRARY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $473,445

Program Service Revenue $0

Investment Income $77,182

Other Revenue $0

TOTAL REVENUE $550,627

Expense Breakdown

Grants Paid $341,002

Salaries & Benefits $0

Fundraising Expenses $29,632

Program Expenses $376,178

Other Expenses $83,739

TOTAL EXPENSES $445,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,627	$433,011	+0.3%
Expenses	$445,290	$267,779	+0.7%
Net Income	$105,337	$165,232	-0.4%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$239,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MCCAULEY	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
SARENA BURCH	VICE CHAIR	1.0	Officer Director	$0	$0	$0
WILLIAM EDWARDS	CHAIR	1.0	Officer Director	$0	$0	$0
ANDERSON MACK III	TRUSTEE	1.0	Director	$0	$0	$0
ASHLEY GRIFFIN	TRUSTEE	1.0	Director	$0	$0	$0
BENJAMIN WASHINGTON	TRUSTEE	1.0	Director	$0	$0	$0
CARMEN JORDAN	TRUSTEE	1.0	Director	$0	$0	$0
CARY ALLEN	TRUSTEE	1.0	Director	$0	$0	$0
CLAIRE GIBBONS	TRUSTEE	1.0	Director	$0	$0	$0
CYNTHIA JOHNSON	TRUSTEE	1.0	Director	$0	$0	$0
ELIZABETH HOLSTEIN	TRUSTEE	1.0	Director	$0	$0	$0
HAMPTON JORDAN	TRUSTEE	1.0	Director	$0	$0	$0
JENNIFER WILD	TRUSTEE	1.0	Director	$0	$0	$0
JULIE FLAMING	TRUSTEE	1.0	Director	$0	$0	$0
LORI HARDY	TRUSTEE	1.0	Director	$0	$0	$0
MELANIE W HUGGINS	EXECUTIVE DIRECTOR	1.0	Director	$0	$52,037	$239,061
RANIA JAMISON	PAST IMMIDEATE CHAIR	1.0	Director	$0	$0	$0
SUSAN BURROUGHS	TRUSTEE	1.0	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	$550,627	$445,290	$1,680,580	$105,337
2025	No data	No data	No data	No data
2024	$433,011	$267,779	$1,490,474	$165,232
2023	$385,604	$350,258	$1,282,974	$35,346
2022	$443,471	$253,240	$1,199,900	$190,231
2021	$411,459	$361,364	$1,247,286	$50,095
2020	$245,301	$346,018	$1,058,984	$-100,717
2019	$314,572	$240,775	$1,138,895	$73,797

Richland Library Friends and Foundation