FRIENDS AND FOUNDATION OF THE ARLI… - 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

1993

Legal Domicile

Principal Officer

CAROLE HOYER

Phone

8179440316

Tax Period

2019-10-01 to 2020-09-30

FRIENDS AND FOUNDATION OF THE ARLINGTON PUBLIC LIBRARY, founded in 1993, is a small nonprofit in the Education sector that reported $204K in total revenue in fiscal year 2019. Expenses of $284K exceeded revenue, resulting in a 39% operating deficit.

Mission

The purpose of the Friends & Foundation of the Arlington Public Library is to bring together and maintain an organization of persons interested in books and libraries, to promote public awareness and community support for the Arlington Public Library System and its educational activities, and to engage in fund raising activities on behalf of the Arlington Public Library System.

Program Service Accomplishments

Program 1

Expenses: $72,131

DOWNTOWN LIBRARY-FURNITURE, FIXTURES, EQUIPMENT AND TECHNOLOGY FOR THE NEW BUILDING.LIBRARY PROGRAMMING FOR ADULTS, YOUTH AND FAMILIES.ADULT LITERACY SERVICES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $204,112

Program Service Revenue $0

Investment Income $817

Other Revenue $-728

TOTAL REVENUE $204,201

Expense Breakdown

Grants Paid $72,131

Salaries & Benefits $0

Fundraising Expenses $183,920

Program Expenses $72,131

Other Expenses $211,933

TOTAL EXPENSES $284,064

Year-over-Year Comparison

	2019	2018	Change
Revenue	$204,201	$196,443	+0.0%
Expenses	$284,064	$612,186	-0.5%
Net Income	$-79,863	$-415,743	-0.8%

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

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
JOHN HIBBS	Director	1.00	Director	$0	$0	$0
MIKE BECKNAL	Director	1.00	Director	$0	$0	$0
MARTHA KINARD	Director	1.00	Director	$0	$0	$0
RUTHIE BROCK	Director	1.00	Director	$0	$0	$0
JO MCGOVERN	Director	1.00	Director	$0	$0	$0
CINDY GOODYEAR	Director	1.00	Director	$0	$0	$0
BILL LACE	Secretary	1.00	Officer Director	$0	$0	$0
CAROLE HOYER	Chair	1.00	Officer Director	$0	$0	$0
CLAUDIA GRAY	Director	1.00	Director	$0	$0	$0
CATHY DIETZ	Director	1.00	Director	$0	$0	$0
TERRY BERTRAND	Treasurer	1.00	Officer Director	$0	$0	$0
NANCY HADAWAY	Director	1.00	Director	$0	$0	$0
CANDY HALLIBURTON	Director	1.00	Director	$0	$0	$0
WAYNE HALLIBURTON	Director	1.00	Director	$0	$0	$0
NIKKIE HUNTER	Director	1.00	Director	$0	$0	$0
PREM KOHLI	Director	1.00	Director	$0	$0	$0
LORRAINE LEVINE	Director	1.00	Director	$0	$0	$0
BEN PARSONS	Director	1.00	Director	$0	$0	$0
DOROTHY RENCURREL	IMM PAST CHAIR.	1.00	Officer Director	$0	$0	$0
BOB JOHNSON	Director	1.00	Director	$0	$0	$0
DEMI STEWART	Director	1.00	Director	$0	$0	$0
POLLY WALTON	VICE CHAIR	1.00	Officer 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
2020	$204,201	$284,064	$312,619	$-79,863
2019	$196,443	$612,186	$384,843	$-415,743
2018	$912,687	$965,001	$799,636	$-52,314

FRIENDS AND FOUNDATION OF THE ARLINGTON PUBLIC LIBRARY