FRIENDS OF HILLSBORO CITY LIBRARY (EIN 742760084) - 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

2012

Legal Domicile

Principal Officer

BEN COWAN

Phone

2545827385

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF HILLSBORO CITY LIBRARY, founded in 2012, is a small nonprofit in the Education sector that reported $419K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $400K, a strong 95% operating margin.

Mission

THE FRIENDS OF HILLSBORO CITY LIBRARY IS ORGANIZED FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING SUCH PURPOSES AS THE BENEFIT, PROMOTION, ASSISTANCE AND ENHANCEMENT OF THE CONTINUED DEVELOPMENT, RESTORATION, PRESERVATION AND PROGRAMMING OF HILLSBORO CITY LIBRARY.

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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 $402,891

Program Service Revenue $0

Investment Income $16,328

Other Revenue $-102

TOTAL REVENUE $419,117

Expense Breakdown

Grants Paid $15,351

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,393

Other Expenses $3,567

TOTAL EXPENSES $18,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$419,117	$249,939	+0.7%
Expenses	$18,918	$18,980	0.0%
Net Income	$400,199	$230,959	+0.7%

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

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
ROBERTA SKELTON	PRESIDENT	5.00	Officer Director	$0	$0	$0
BEN COWAN	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
SHARON FITCH	SECRETARY	5.00	Officer Director	$0	$0	$0
DEE ANN DENT	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES EATON	DIRECTOR	1.00	Director	$0	$0	$0
JUDY FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN N SMITH	DIRECTOR	1.00	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
2024	$419,117	$18,918	$783,304	$400,199
2023	$249,939	$18,980	$383,105	$230,959

FRIENDS OF HILLSBORO CITY LIBRARY