FRIENDS OF THE BUCKEYE LAKE LIBRARY (EIN 611457902) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

MARGARET HANSON

Phone

6143099733

Tax Period

2022-09-01 to 2023-08-31

FRIENDS OF THE BUCKEYE LAKE LIBRARY, founded in 2003, is a micro nonprofit in the Education sector that reported $25K in total revenue in fiscal year 2022. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $33K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO FOCUS PUBLIC ATTENTION ON RESOURCES AND SERVICES; TO RECEIVE AND ENCOURAGE GIFTS, ENDOWMENTS, AND BEQUESTS TO THE LIBRARY; TO SUPPORT AND COOPERATE WITH THE LIBRARY IN DEVELOPING LIBRARY SERVICES AND FACILITIES FOR THE COMMUNITY; AND TO SUPPORT THE FREEDOM TO READ AS EXPRESSED IN THE AMERICAN LIBRARY ASSOCIATION BILL OF RIGHTS.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $21,340

Program Service Revenue $0

Investment Income $44

Other Revenue $3,852

TOTAL REVENUE $25,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,088

Program Expenses $28,408

Other Expenses $33,380

TOTAL EXPENSES $33,380

Year-over-Year Comparison

	2022	2021	Change
Revenue	$25,236	$15,801	+0.6%
Expenses	$33,380	$30,853	+0.1%
Net Income	$-8,144	$-15,052	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
ANGIE ALLION	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET HANSON	TREASURER	N/A	Officer Director	$0	$0	$0
STEPHINE HUTCHINSON	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES PRINCE	DIRECTOR	N/A	Director	$0	$0	$0
PAM REED	PRESIDENT/SE	N/A	Officer 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
2024	No data	No data	No data	No data
2023	$25,236	$33,380	$23,926	$-8,144
2022	$15,801	$30,853	$32,070	$-15,052
2021	$21,285	$20,260	$47,122	$1,025
2020	$21,231	$22,050	$46,097	$-819
2019	$29,919	$26,360	$46,916	$3,559
2018	$38,843	$30,997	$43,364	$7,846

FRIENDS OF THE BUCKEYE LAKE LIBRARY