CHARLES E FRASER LIBRARY INC

EIN: 201104014 501(c)(3) Education

CEDAR MOUNTAIN, NC

Total Revenue
$15,665
Total Expenses
$18,151
Total Assets
$620,766
Net Assets
$608,038
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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
2004
Legal Domicile
NC
Principal Officer
LAURA LAWTON FRASER
Phone
8288628506
Tax Period
2024-01-01 to 2024-12-31

CHARLES E FRASER LIBRARY INC, founded in 2004, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $18K exceeded revenue, resulting in a 16% operating deficit.

Mission

PUBLIC CHARITY - EDUCATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,665
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,151
Other Expenses $18,151
TOTAL EXPENSES $18,151

Year-over-Year Comparison

2024 2023 Change
Revenue $15,665 $16,700 -0.1%
Expenses $18,151 $13,271 +0.4%
Net Income $-2,486 $3,429 -1.7%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD DAILEADER TREASURER 1.00
Officer Director
$0 $0 $0
LAURA LAWTON FRASER DIRECTOR 2.00
Officer Director
$0 $0 $0
BLAND KISER BOARD MEMBER 1.00
Director
$0 $0 $0
CHUCK SCARMINACH BOARD MEMBER 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
2024 $15,665 $18,151 $620,766 $-2,486
2023 $16,700 $13,271 $623,252 $3,429
2022 $2,900 $2,666 $619,823 $234
2021 $-15,609 $3,669 $619,589 $-19,278
2020 $600 $1,548 $638,867 $-948
2019 $5,107 $3,937 $639,814 $1,170
2018 $4,950 $4,629 $638,644 $321
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