FRIENDS OF THE LIBRARY OF HARDEE CO (EIN 592588893) - Form 990 Financial Analysis & Trantor Score

🔒

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

1985

Legal Domicile

Principal Officer

GERALD SHACKELFORD

Phone

8638323475

Tax Period

2024-02-01 to 2025-01-31

FRIENDS OF THE LIBRARY OF HARDEE CO, founded in 1985, is a small nonprofit that reported $245K in total revenue in fiscal year 2024. Revenue surged 450% from the prior year, signaling strong growth momentum. The organization ran a surplus of $185K, a strong 76% operating margin.

Mission

COMMITTED TO PROMOTING LITERACY AND INSPIRING A LIFELONG LOVE OF READING IN PEOPLE OF ALL AGES.

🔒

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 $477

Program Service Revenue $2,483

Investment Income $241,577

Other Revenue $0

TOTAL REVENUE $244,537

Expense Breakdown

Grants Paid $7,250

Salaries & Benefits $31,345

Fundraising Expenses $0

Program Expenses $51,543

Other Expenses $20,463

TOTAL EXPENSES $59,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,537	$44,428	+4.5%
Expenses	$59,058	$48,051	+0.2%
Net Income	$185,479	$-3,623	-52.2%

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

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
NICOLE DRAKE	PRESIDENT	10.00	Officer	$0	$0	$0
JEANNIE PALACIOS	VICE PRESIDE	10.00	Officer	$0	$0	$0
GERALD SHACKELFORD	TREASURER	5.00	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	$244,537	$59,058	$1,314,575	$185,479
2024	$44,428	$48,051	$1,129,096	$-3,623
2023	$119,660	$51,485	$1,132,719	$68,175
2022	$57,942	$44,271	$1,064,544	$13,671
2021	$21,116	$2,465	$1,050,873	$18,651
2020	$1,003,331	$8,852	$1,032,222	$994,479

FRIENDS OF THE LIBRARY OF HARDEE CO