Friends of the Public Library

EIN: 751964485 501(c)(3)

Abilene, TX

Total Revenue
$98,495
Total Expenses
$22,106
Total Assets
$415,903
Net Assets
$415,903
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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
1984
Legal Domicile
TX
Principal Officer
Tiffany Lamb
Phone
3256778195
Tax Period
2024-01-01 to 2024-12-31

Friends of the Public Library, founded in 1984, is a micro nonprofit that reported $98K in total revenue in fiscal year 2024. The organization ran a surplus of $76K, a strong 78% operating margin.

Mission

The purpose of the Organization is to focus public attention on the library by stimulating the use for the library's resources and services and supporting the library in developing library services and facilities for the community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,714
Program Service Revenue $0
Investment Income $9,764
Other Revenue $59,017
TOTAL REVENUE $98,495

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,051
Other Expenses $22,106
TOTAL EXPENSES $22,106

Year-over-Year Comparison

2024 2023 Change
Revenue $98,495 $97,664 +0.0%
Expenses $22,106 $146,045 -0.8%
Net Income $76,389 $-48,381 -2.6%
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

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Governance

Voting Members
26
Independent Members
26
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
5
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Becky Crowe Past President 1.00
Officer Director
$0 $0 $0
Katie Hahn Director 1.00
Director
$0 $0 $0
Chloe Jonas Membership 1.00
Director
$0 $0 $0
Kathy Curtis Hospitality 1.00
Director
$0 $0 $0
Martha Magee Book Sale 1.00
Director
$0 $0 $0
Karen Anderson Director 1.00
Director
$0 $0 $0
Brooklyn Rendall Treasurer 1.00
Officer Director
$0 $0 $0
Suzanne Melbourne Book Sale 1.00
Director
$0 $0 $0
Terrence Crisp Director 1.00
Director
$0 $0 $0
Suzanne Murphy Director 1.00
Director
$0 $0 $0
Caleb Robinson Director 1.00
Director
$0 $0 $0
Christine Curtis-Carr Director 1.00
Director
$0 $0 $0
Paula Tallent Director 1.00
Director
$0 $0 $0
Mary Huff Director 1.00
Director
$0 $0 $0
Tom McAlister Director 1.00
Director
$0 $0 $0
Colette McCloskey Secretary 1.00
Officer Director
$0 $0 $0
Christine Pinson Director 1.00
Director
$0 $0 $0
Dennis Regan Parlimentarian 1.00
Director
$0 $0 $0
Kregg Pierson Director 1.00
Director
$0 $0 $0
Rene McAden President 1.00
Officer Director
$0 $0 $0
Sheila Scevers President-Elect 1.00
Officer Director
$0 $0 $0
Jim Tallant Director 1.00
Director
$0 $0 $0
Suzanne Anderson Director 1.00
Director
$0 $0 $0
Kimberly Torres Director 1.00
Director
$0 $0 $0
Terry Young Advocacy/Newsletter 1.00
Director
$0 $0 $0
Julee Hammer Ex Officio 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 $98,495 $22,106 $415,903 $76,389
2023 $97,664 $146,045 $323,200 $-48,381
2022 $90,706 $149,787 $359,251 $-59,081
2021 $113,206 $145,720 $466,212 $-32,514
2020 $27,459 $145,708 $467,019 $-118,249
2019 $87,898 $30,314 $541,953 $57,584
2018 $96,609 $32,223 $457,601 $64,386
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