FAIRFIELD BAY LIBRARY INC

EIN: 710592888 501(c)(3) Arts, Culture & Humanities

Fairfield Bay, AR

Total Revenue
$121,856
Total Expenses
$79,343
Total Assets
$838,676
Net Assets
$837,637
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
AR
Principal Officer
Karen Tangen
Phone
5018844930
Tax Period
2024-01-01 to 2024-12-31

FAIRFIELD BAY LIBRARY INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $122K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 35% operating margin.

Mission

Provide library services to the community

Program Service Accomplishments

Program 1
Expenses: $55,172 Revenue: $135,671

Fairfield Bay Library is privately owned and operated primarily by volunteers. We have one full time paid employee, the Library Director. The book inventory is about 18000 augmented with a...

Read more

Fairfield Bay Library is privately owned and operated primarily by volunteers. We have one full time paid employee, the Library Director. The book inventory is about 18000 augmented with a substantial collection of CDs and DVDs and e-book availability. Monthly book checkouts and renewals average 1500 with movies and audio books about 350. E-book checkouts average about 500 per month. We currently have issued approximately 1000 permanent library cards and 1000 temporary cards. The monthly average number of patrons served is about 1000 adults and 300 children. While anyone is welcome to browse the library and use the free internet service, we do have a nominal charge for a library card to check out materials.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $43,464
Program Service Revenue $3,792
Investment Income $54,099
Other Revenue $20,501
TOTAL REVENUE $121,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,682
Fundraising Expenses $0
Program Expenses $55,172
Other Expenses $34,661
TOTAL EXPENSES $79,343

Year-over-Year Comparison

2024 2023 Change
Revenue $121,856 $106,652 +0.1%
Expenses $79,343 $99,604 -0.2%
Net Income $42,513 $7,048 +5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
30

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
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Tangen Director 40
Highest
$41,507 $0 $41,507
Don Rehm Board Member 5
Director
$0 $0 $0
Bill Lair Board Member 5
Director
$0 $0 $0
John Mcintosh Board Member 5
Director
$0 $0 $0
Nancy Mueller President 5
Officer
$0 $0 $0
Doris Wilkinson Vice President 5
Officer
$0 $0 $0
Georgia Peifer Secretary 5
Officer
$0 $0 $0
Vonda Welke Treasurer 5
Officer
$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 $121,856 $79,343 $838,676 $42,513
2023 $106,652 $99,604 $796,093 $7,048
2022 $71,708 $89,234 $788,946 $-17,526
2021 $88,271 $83,580 $806,464 $4,691
2020 $72,506 $74,404 $801,748 $-1,898
Explore More Nonprofits
Top 100 Nonprofits in Arkansas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FAIRFIELD BAY LIBRARY INC with other nonprofits in Arkansas and across the country.