BUTLER COUNTY LIBRARY BOARD

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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

1978

Legal Domicile

Principal Officer

NAOMI LUCAS

Phone

2705264722

Tax Period

2023-07-01 to 2024-06-30

BUTLER COUNTY LIBRARY BOARD, founded in 1978, is a small nonprofit in the Education sector that reported $708K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $355K, a strong 50% operating margin.

Mission

OPERATION OF A PUBLIC LIBRARY WHICH PRIMARILY SERVES THE POPULATION OF BUTLER COUNTY, KENTUCKY.

Program Service Accomplishments

Program 1

Expenses: $353,100 Revenue: $549,408

THE LIBRARY'S OBJECTIVE IS TO ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS OF BUTLER COUNTY BY SERVING THEIR INFORMATION, LEISURE, AND LIFELONG LEARNING NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,132

Program Service Revenue $549,408

Investment Income $14,215

Other Revenue $2,049

TOTAL REVENUE $707,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,329

Fundraising Expenses $0

Program Expenses $353,100

Other Expenses $195,771

TOTAL EXPENSES $353,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$707,804	$634,794	+0.1%
Expenses	$353,100	$355,181	0.0%
Net Income	$354,704	$279,613	+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

Governance

Voting Members

Independent Members

Employees

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
LATISHA CARDWELL	VICE PRESIDE	N/A	Director	$0	$0	$0
SARAH DUNCAN	TREASURER	N/A	Director	$0	$0	$0
CONNIE EMBRY	SECRETARY	N/A	Director	$0	$0	$0
CODY HENDERSON	MEMBER	N/A	Director	$0	$0	$0
NAOMI LUCAS	PRESIDENT	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
2025	No data	No data	No data	No data
2024	$707,804	$353,100	$2,040,685	$354,704
2023	$634,794	$355,181	$1,690,424	$279,613
2022	$638,061	$343,386	$1,411,035	$294,675
2021	$433,339	$320,532	$1,126,505	$112,807