HIGH POINT PUBLIC LIBRARY FOUNDATION INC (EIN 203093411) - 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

2005

Legal Domicile

Principal Officer

DAVID WALL

Phone

3368833694

Tax Period

2024-01-01 to 2024-12-31

HIGH POINT PUBLIC LIBRARY FOUNDATION INC, founded in 2005, is a small nonprofit in the Education sector that reported $118K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $469K exceeded revenue, resulting in a 297% operating deficit.

Mission

THE MISSION OF THE LIBRARY FOUNDATION IS TO ENHANCE THE LIFE OF THE COMMUNITY BY PROVIDING THE RESOURCES ESSENTIAL FOR APPROPRIATE AND PROACTIVE RESPONSE TO EMERGING COMMUNITY EDUCATION NEEDS AND ISSUES.

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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 $109,155

Program Service Revenue $0

Investment Income $8,940

Other Revenue $0

TOTAL REVENUE $118,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $468,538

Other Expenses $469,340

TOTAL EXPENSES $469,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,095	$65,086	+0.8%
Expenses	$469,340	$7,179	+64.4%
Net Income	$-351,245	$57,907	-7.1%

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
WIL ELDER	CHAIR	0.25	Officer Director	$0	$0	$0
JUSTIN PEEK	DIRECTOR	0.25	Director	$0	$0	$0
BARBARA FRYE	DIRECTOR	0.25	Director	$0	$0	$0
W GART EVANS	DIRECTOR	0.25	Director	$0	$0	$0
PHIL JOHNSTON	DIRECTOR	0.25	Director	$0	$0	$0
JAMES ZOLA	DIRECTOR	0.25	Director	$0	$0	$0
MARTHA YARBOROUGH	DIRECTOR	0.25	Director	$0	$0	$0
DIANE RANKIN	DIRECTOR	0.25	Director	$0	$0	$0
DAVID WALL	TREASURER	0.25	Officer Director	$0	$0	$0
YVONNE BOSTIC SHORT	DIRECTOR	0.25	Director	$0	$0	$0
HOLLY DAVIS	FRIENDS LIASION	0.25	Director	$0	$0	$0
PEYTON DAVIS	DIRECTOR	0.25	Director	$0	$0	$0
MARY SIZEMORE	EXECUTIVE SECRETARY	0.25	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	$118,095	$469,340	$47,111	$-351,245
2023	$65,086	$7,179	$398,356	$57,907
2022	$240,742	$3,414	$340,449	$237,328

HIGH POINT PUBLIC LIBRARY FOUNDATION INC