Friends of the Tellico Village Library Inc

Nonprofit profile at a glance

EIN
621577053
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Loudon, TN, USA
Phone
8654585199
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$281,431
Expenses
$222,577
Assets
$1,904,141
Liabilities
$1,021,011

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Billie Whitney (Vice President)
  • Mark Pantley (President)
  • Cheryl LaMaster (Past-President)

People named in this filing

  • Susan Benson (Education)
  • Julie Campbell (Membership)
  • Phyllis Thompson (Grants)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provides library services for the community of Tellico Village and surrounding counties. This includes books, DVDs, computer services, Library of Things and community services. This is done with volunteer hours both at the circulation desk and Fundraising activities.

What it reported doing in 2025

Through memberships, fundraising events and grants, the friends of the tellico village library provided library services to over 3,963 active / registered library users (services are open to all county residents). In 2025, there were 58,591 ebook downloads. We exchanged 1,112 books with other libraries and our total circulation was 32,643. The fotvl provided 210 free adult education classes, lectures and presentations. The fotvl also provides a telescope lending program (very popular actually), literacy backpacks for children, and memory care materials for residents and their caretakers.we introduced audio players in late 2024 and "a library of things in late 2025." nine volunteers deliver books and materials to home-bound residents. We support and maintain "little libraries" for habitat for humanity residents and other localities. The fotvl is constantly buying and updating books and media materials: as of march 2026, we held approximately 35,000 books, media, and audio materials, which include many large print books. The usda certified the fotvl as ada accessible and one that supports residents with special "needs."

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 69
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.8%; rating input score 76
  • Program expense ratio: 91.1%; rating input score 91
  • Fundraising efficiency: $19.38 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.9%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 8.55; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 19.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 7% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 75.8% of revenue deployed · 91.1% of spending went to programs
  • Governance: 13 of 13 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $203K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 54/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.