The Library Foundation of New Hanover County Inc (EIN 200547038) - 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

Legal Domicile

Principal Officer

Kate Baynard

Phone

9106128359

Tax Period

2025-01-01 to 2025-12-31

The Library Foundation of New Hanover County Inc is a small nonprofit in the Education sector that reported $272K in total revenue in fiscal year 2025. Revenue surged 205% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 71% operating margin.

Mission

The mission is to strengthen the services of the New Hanover County Public Library by providing funding that complements, but does not supplant the responsibility of the New Hanover County to adequately support its public library system.

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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 (2025)

Revenue Breakdown

Contributions & Grants $184,538

Program Service Revenue $0

Investment Income $83,431

Other Revenue $3,805

TOTAL REVENUE $271,774

Expense Breakdown

Grants Paid $75,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,500

Other Expenses $2,154

TOTAL EXPENSES $77,654

Year-over-Year Comparison

	2025	2024	Change
Revenue	$271,774	$89,133	+2.0%
Expenses	$77,654	$55,423	+0.4%
Net Income	$194,120	$33,710	+4.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christian Miller	President	1.00	Officer	$0	$0	$0
Alison Boswell	Treasurer	1.00	Officer	$0	$0	$0
Beth Johnson	Vice President	1.00	Officer	$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	$271,774	$77,654	$1,398,379	$194,120
2024	$89,133	$55,423	$1,129,769	$33,710
2023	$102,554	$75,339	$1,010,518	$27,215
2022	$45,537	$802	$926,704	$44,735
2021	$86,852	$50,769	$1,074,773	$36,083
2020	$39,193	$20,458	$959,453	$18,735
2019	$82,542	$70,437	$838,602	$12,105
2018	$77,944	$15,296	$711,356	$62,648

The Library Foundation of New Hanover County Inc