Friends of the Charlotte Library Inc (EIN 030346266) - 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

1994

Legal Domicile

Principal Officer

Beth Merritt

Phone

8024253864

Tax Period

2019-07-01 to 2020-06-30

Friends of the Charlotte Library Inc, founded in 1994, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2019. Expenses of $552K exceeded revenue, resulting in a 89% operating deficit.

Mission

The Friends of the Charlotte Library raises funds to support and promote the local library's mission to provide access to the best traditional and contemporary library services for our town.

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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 $283,867

Program Service Revenue $0

Investment Income $582

Other Revenue $7,820

TOTAL REVENUE $292,269

Expense Breakdown

Grants Paid $547,353

Salaries & Benefits $0

Fundraising Expenses $444

Program Expenses $547,353

Other Expenses $5,043

TOTAL EXPENSES $552,396

Year-over-Year Comparison

	2019	2018	Change
Revenue	$292,269	$289,413	+0.0%
Expenses	$552,396	$53,928	+9.2%
Net Income	$-260,127	$235,485	-2.1%

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
Nan Mason	President	5.00	Officer Director	$0	$0	$0
Beth Merritt	Treasurer	4.00	Officer Director	$0	$0	$0
Dana Murphy	Secretary	1.00	Officer Director	$0	$0	$0
Shanley Hinge	Director	2.00	Director	$0	$0	$0
Carol Clay	Director	1.00	Director	$0	$0	$0
Laurie Hartmann Moser	Director	1.00	Director	$0	$0	$0
Missy Adams	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
2020	$292,269	$552,396	$70,069	$-260,127
2019	$289,413	$53,928	$290,227	$235,485

Friends of the Charlotte Library Inc