CARROLL COUNTY PUBLIC LIBRARY FOUNDATION

EIN: 611125913 501(c)(3)

CARROLLTON, KY

Total Revenue
$110,790
Total Expenses
$76,912
Total Assets
$1,539,398
Net Assets
$1,415,459
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
KY
Principal Officer
RUTH BAXTER
Phone
5027326688
Tax Period
2024-01-01 to 2024-12-31

CARROLL COUNTY PUBLIC LIBRARY FOUNDATION, founded in 1987, is a small nonprofit that reported $111K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $34K, a strong 31% operating margin.

Mission

THE FOUNDATION SUPPORTS THE CARROLL COUNTY PUBLIC LIBRARY BY PROVIDING FINANCING FOR THE LIBRARY'S FACILITY. THE FOUNDATION SOLICITED CONTRIBUTIONS AND GRANTS FOR THE LIBRARY'S EXPANSION. THE FACILITY IS LEASED TO THE LIBRARY. RENT PAID BY THE LIBRARY TO THE FOUNDATION IS USED TO RETIRE THE DEBT ASSOCIATED WITH THE NEW FACILITY AND FOR FUTURE ANTICIPATED CAPITAL PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $76,547 Revenue: $102,240

RECEIPTS ARE NORMALLY RECEIVED & REPORTED AS REVENUE IN PART VIII LINE 2(G) REPRESENTING "RENT AND TRANSFERS RECEIVED FROM THE CARROLL COUNTY PUBLIC LIBRARY TO RETIRE DEBT ASSOCIATED WITH THE...

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RECEIPTS ARE NORMALLY RECEIVED & REPORTED AS REVENUE IN PART VIII LINE 2(G) REPRESENTING "RENT AND TRANSFERS RECEIVED FROM THE CARROLL COUNTY PUBLIC LIBRARY TO RETIRE DEBT ASSOCIATED WITH THE CONSTRUCTION OF THE LIBRARY'S FACILITY. THEREFORE, THESE REVENUES ARE NOT INCOME FROM A BUSINESS ACTIVITY, BUT RATHER ASSOCIATED WITH THE FOUNDATION'S EXEMPT FUNCTION.EXPENSES REPRESENT DEPRECIATION AND INTEREST EXPENSE ASSOCIATED WITH THE FACILITY AND THE DEBT INCURRED TO CONSTRUCT THE FACILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,205
Program Service Revenue $102,240
Investment Income $3,345
Other Revenue $0
TOTAL REVENUE $110,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $76,547
Other Expenses $76,912
TOTAL EXPENSES $76,912

Year-over-Year Comparison

2024 2023 Change
Revenue $110,790 $307,992 -0.6%
Expenses $76,912 $74,575 +0.0%
Net Income $33,878 $233,417 -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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
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
10
$86,968
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE SUTHERLAND Ex-Officio 0.00
Director
$0 $15,378 $86,968
RUTH BAXTER President 0.00
Officer Director
$0 $0 $0
JIM ELLINGTON VICE-PRESIDENT 0.00
Officer Director
$0 $0 $0
JERILYN ZAPP Treasurer 0.00
Officer Director
$0 $0 $0
SUSAN DUKES Secretary 0.00
Officer Director
$0 $0 $0
BOB FROMAN Director 0.00
Director
$0 $0 $0
LEAH SPENCER Director 0.00
Director
$0 $0 $0
HOLLY FRYE Director 0.00
Director
$0 $0 $0
GREG GOFF Director 0.00
Director
$0 $0 $0
ALLISON BURGESS Director 0.00
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 No data No data No data No data
2024 $110,790 $76,912 $1,539,398 $33,878
2023 $307,992 $74,575 $1,580,547 $233,417
2022 $105,145 $75,694 $1,622,635 $29,451
2021 $106,785 $80,984 $1,663,273 $25,801
2020 $103,074 $78,842 $1,705,350 $24,232
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