FRIENDS OF THE FAIRHOPE LIBRARY (EIN 636078513) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

NAN DENSON

Phone

2512709600

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE FAIRHOPE LIBRARY, founded in 1959, is a small nonprofit that reported $515K in total revenue in fiscal year 2022. Revenue surged 675% from the prior year, signaling strong growth momentum. The organization ran a surplus of $420K, a strong 82% operating margin.

Mission

PROVIDE FINANCIAL, PERSONNEL AND EQUIPMENT SUPPORT FOR THE FAIRHOPE PUBLIC LIBRARY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,727

Program Service Revenue $0

Investment Income $0

Other Revenue $-649,282

TOTAL REVENUE $-614,555

Expense Breakdown

Grants Paid $88,886

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,246

Other Expenses $6,360

TOTAL EXPENSES $95,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-614,555	$373,736	-2.6%
Expenses	$95,246	$67,454	+0.4%
Net Income	$-709,801	$306,282	-3.3%

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

N/A

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
RANDAL WRIGHT	PRESIDENT	028.00	Director	$0	$0	$0
MICHAEL NEELEY	VICE PRESIDENT	004.00	Director	$0	$0	$0
NAN DENSON	TREASURER	023.00	Director	$0	$0	$0
JASMINE HODGES	SECRETARY	005.00	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	$-614,555	$95,246	$66,386	$-709,801
2023	$373,736	$67,454	$776,201	$306,282
2022	$515,069	$95,185	$469,858	$419,884

FRIENDS OF THE FAIRHOPE LIBRARY