CARY MEMORIAL LIBRARY FOUNDATION I… - 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

1999

Legal Domicile

Principal Officer

SUSAN MCLEISH

Phone

7818626288

Tax Period

2024-07-01 to 2025-06-30

CARY MEMORIAL LIBRARY FOUNDATION INC, founded in 1999, is a small nonprofit in the Education sector that reported $391K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring.

Mission

FUNDRAISING AND COLLECTION OF FUNDS FOR THE BENEFIT OF THE CARYMEMORIAL LIBRARY TO USE FOR GENERAL AND VARIOUS SPECIAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $385,980 Revenue: $375,006

FUNDRAISING AND COLLECTION OF FUNDS FOR THE BENEFIT OF THE CARYMEMORIAL LIBRARY TO USE FOR GENERAL AND VARIOUS SPECIAL PROGRAMS, ANDCAPITAL PROJECTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $375,006

Program Service Revenue $0

Investment Income $15,498

Other Revenue $0

TOTAL REVENUE $390,504

Expense Breakdown

Grants Paid $339,415

Salaries & Benefits $36,010

Fundraising Expenses $2,768

Program Expenses $385,980

Other Expenses $40,113

TOTAL EXPENSES $415,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,504	$2,130,022	-0.8%
Expenses	$415,538	$1,829,383	-0.8%
Net Income	$-25,034	$300,639	-1.1%

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

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
ELIZABETH O'NEIL	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN MCLEISH	TREASURER	2.00	Officer Director	$0	$0	$0
DIPTI LENHART	CLERK	2.00	Officer Director	$0	$0	$0
KIMBERLY HENSLE LOWRANCE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAYA VATSYAYAN	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA SEVIGNY	DIRECTOR	2.00	Director	$0	$0	$0
STEVE YANG	DIRECTOR	2.00	Director	$0	$0	$0
MARJAN KAMALI	DIRECTOR	2.00	Director	$0	$0	$0
WEI DING	DIRECTOR	2.00	Director	$0	$0	$0
SUMAN MURALI	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE MANAVIAN	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA FOWLER	DIRECTOR	2.00	Director	$0	$0	$0
ERIN HARTEL	DIRECTOR	2.00	Director	$0	$0	$0
MARIA KIESLICH	DIRECTOR	2.00	Director	$0	$0	$0
BILL COLE	DIRECTOR	2.00	Director	$0	$0	$0
LAURA MARK	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE LIN	DIRECTOR	2.00	Director	$0	$0	$0
MARC SAINT LOUIS	DIRECTOR	2.00	Director	$0	$0	$0
PRATIP BANERJI	DIRECTOR	2.00	Director	$0	$0	$0
LOUISE BARBIC	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE BELIN	DIRECTOR	2.00	Director	$0	$0	$0
SYLVIA HAN	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA GALEJS	DIRECTOR	2.00	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
2025	$390,504	$415,538	$466,264	$-25,034
2024	$2,130,022	$1,829,383	$491,949	$300,639
2023	$243,993	$172,013	$225,435	$71,980
2022	$276,961	$233,610	$117,794	$43,351
2021	$339,106	$343,220	$75,993	$-4,114
2020	$252,642	$276,949	$78,179	$-24,307
2019	$337,623	$348,390	$120,792	$-10,767

CARY MEMORIAL LIBRARY FOUNDATION INC