HENDERSON COUNTY PUBLIC LIBRARY FOUNDATION

EIN: 611216476 501(c)(3) Education

HENDERSON, KY

Total Revenue
$1,970
Total Expenses
$135,411
Total Assets
$103,980
Net Assets
$103,980
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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

Formation Year
1992
Principal Officer
NIBBY PRIEST
Phone
2708263712
Tax Period
2022-01-01 to 2022-12-31

HENDERSON COUNTY PUBLIC LIBRARY FOUNDATION, founded in 1992, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2022. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $135K exceeded revenue, resulting in a 6774% operating deficit.

Mission

SEEKS DONATIONS TO OUTFIT THE NEW LIBRARY ADDITION WITH A VARIETY OF FIXTURES, ART, AND EQUIPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,330
Program Service Revenue $0
Investment Income $640
Other Revenue $0
TOTAL REVENUE $1,970

Expense Breakdown

Grants Paid $130,776
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,896
Other Expenses $4,635
TOTAL EXPENSES $135,411

Year-over-Year Comparison

2022 2021 Change
Revenue $1,970 $8,060 -0.8%
Expenses $135,411 $198,055 -0.3%
Net Income $-133,441 $-189,995 -0.3%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
25

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
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA BACH SECRETARY N/A
Officer Director
$0 $0 $0
PAM BALLOU BOARD MEMBER N/A
Director
$0 $0 $0
MAGGIE COLLIER BOARD MEMBER N/A
Director
$0 $0 $0
ABBY DIXON BOARD MEMBER N/A
Director
$0 $0 $0
TIM HOBBS BOARD MEMBER N/A
Director
$0 $0 $0
JOHN HOBBY BOARD MEMBER N/A
Director
$0 $0 $0
DOUG LAWSON VICE PRESIDE N/A
Officer Director
$0 $0 $0
HEATHER MCCORMICK BOARD MEMBER N/A
Director
$0 $0 $0
BETH MORAN BOARD MEMBER N/A
Director
$0 $0 $0
AMBER POTTS ASSOCIATE DI N/A
Director
$0 $0 $0
NIBBY PRIEST PRESIDENT N/A
Officer Director
$0 $0 $0
ELIZABETH QUICK BOARD MEMBER N/A
Director
$0 $0 $0
ELLEN REDDING TREASURER N/A
Officer Director
$0 $0 $0
SHANNON SANDEFUR LIBRARY DIRE N/A
Director
$0 $0 $0
PATTY SELLERS BOARD MEMBER N/A
Director
$0 $0 $0
SUSIE THURMAN TRUSTEE PRES 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
2022 $1,970 $135,411 $103,980 $-133,441
2021 $8,060 $198,055 $237,421 $-189,995
2020 $308,794 $25 $427,416 $308,769
2019 $403,583 $382,058 $118,647 $21,525
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