LAUREL DISTRICT LIBRARY COMMISSION

EIN: 237397230 501(c)(3) Education

LAUREL, DE

Total Revenue
$616,181
Total Expenses
$616,101
Total Assets
$464,852
Net Assets
$464,852
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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
1932
Legal Domicile
DE
Principal Officer
Rev Howard Backus
Phone
3028753184
Tax Period
2024-07-01 to 2025-06-30

LAUREL DISTRICT LIBRARY COMMISSION, founded in 1932, is a small nonprofit in the Education sector that reported $616K in total revenue in fiscal year 2024.

Mission

The Laurel District Library provides access to information and library materials for residents and visitors to Sussex County in the State of Delaware.

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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 $501,762
Program Service Revenue $23,075
Investment Income $70,842
Other Revenue $20,502
TOTAL REVENUE $616,181

Expense Breakdown

Grants Paid $0
Salaries & Benefits $401,621
Fundraising Expenses $0
Program Expenses $616,101
Other Expenses $214,480
TOTAL EXPENSES $616,101

Year-over-Year Comparison

2024 2023 Change
Revenue $616,181 $578,941 +0.1%
Expenses $616,101 $551,369 +0.1%
Net Income $80 $27,572 -1.0%
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
6
Independent Members
5
Employees
14
Volunteers
28

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
0
$0
Total Directors
6
$68,260
Key Employees
1
$68,260
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rev Dr Howard Backus President 3.00
Director
$0 $0 $0
Rob Brown Vice President 1.00
Director
$0 $0 $0
Chelsea Gebbia Treasurer 2.00
Director
$0 $0 $0
Gail Bruce Secretary/Director 40.00
Director Key Emp Highest
$0 $0 $68,260
Chris Horsey Member 1.00
Director
$0 $0 $0
Joyce Sessoms 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
2025 $616,181 $616,101 $464,852 $80
2024 $578,941 $551,369 $464,772 $27,572
2023 $642,674 $533,545 $437,200 $109,129
2022 $570,433 $641,789 No data $-71,356
2021 $586,912 $558,091 $399,427 $28,821
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