Fayetteville Public Library Founda… - Form 990 Financial Data

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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

1999

Legal Domicile

Phone

4798567102

Tax Period

2023-01-01 to 2023-12-31

Fayetteville Public Library Foundation, founded in 1999, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 44% operating deficit.

Mission

THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION SPEARHEADS MAJOR FUND-RAISING CAMPAIGNS TO BRIDGE THE GAP CAUSED BY SHRINKING MUNICIPAL BUDGETS AND THE GROWING NEEDS OF THE FAYETTEVILLE PUBLIC LIBRARY. WORKING IN COOPERATION WITH OTHER LIBRARY-SERVING ORGANIZATIONS, WE ENSURE THAT THE FAYETTEVILLE PUBLIC LIBRARY HAS SUFFICIENT FINANCIAL RESOURCES TO CREATE A VIBRANT, MODERN LIBRARY SYSTEM THAT SERVES THE DIVERSE NEEDS OF EVERYONE IN OUR CITY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION'S PURPOSE IS TO ACCEPT DONATIONS FROM THE COMMUNITY TO FUND THE CONTINUED DEVELOPMENT AND ENHANCEMENT OF QUALITY LIBRARY SERVICES PROVIDED BY THE FAYETTEVILLE PUBLIC LIBRARY. THE GOAL OF THE FOUNDATION IS TO RAISE FUNDS TO SUPPLEMENT THE CITY OF FAYETTEVILLE BUDGET AND TO PROVIDE FOR ADDITIONAL MATERIALS AND EQUIPMENT FOR THE LIBRARY. THE FAYETTEVILLE PUBLIC LIBRARY FOUNDATION IS A PRIVATE, NONPROFIT CORPORATION COMMITTED TO PROVIDING SUPPLEMENTARY SUPPORT TO THE FAYETTEVILLE PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $565,273 Revenue: $0

BUILD AND MAINTAIN A NEW LIBRARY, ADVANCEMENT OF THE ROLE OF LIBRARY IN ENCOURAGING READING, KNOWLEDGE ACQUISITION, AND A LOVE OF LITERATURE.

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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 $979,775

Program Service Revenue $0

Investment Income $217,885

Other Revenue $236,500

TOTAL REVENUE $1,434,160

Expense Breakdown

Grants Paid $565,273

Salaries & Benefits $206,697

Fundraising Expenses $685

Program Expenses $565,273

Other Expenses $1,291,675

TOTAL EXPENSES $2,063,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,434,160	$1,694,547	-0.2%
Expenses	$2,063,645	$1,687,534	+0.2%
Net Income	$-629,485	$7,013	-90.8%

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

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
N/A	VICE PRESIDENT	0.3	Officer Director	$0	$0	$0
N/A	TREASURER	0.3	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT	0.3	Officer Director	$0	$0	$0
N/A	SECRETARY	0.3	Officer Director	$0	$0	$0
N/A	SECRETARY	0.3	Officer Director	$0	$0	$0
N/A	PRESIDENT	0.3	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	BOARD MEMBER	0.3	Director	$0	$0	$0
N/A	TRUSTEE LIAISON	0.3	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	$1,434,160	$2,063,645	$26,422,636	$-629,485
2022	$1,694,547	$1,687,534	$28,107,099	$7,013
2021	$3,745,937	$1,788,874	$29,555,289	$1,957,063
2020	$7,607,011	$1,365,596	$30,081,668	$6,241,415
2019	$5,484,558	$886,136	$12,582,694	$4,598,422
2018	$1,135,581	$1,170,092	$7,765,583	$-34,511

Fayetteville Public Library Foundation