THE AMERICAN PATRONS OF THE NATIONAL LIBRARY AND GALLERIES OF SCOTLAND INC (EIN 261307050) - 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

2007

Legal Domicile

Principal Officer

JAMES FRASER

Phone

9175099509

Tax Period

2024-07-01 to 2025-06-30

THE AMERICAN PATRONS OF THE NATIONAL LIBRARY AND GALLERIES OF SCOTLAND INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 1136% operating deficit.

Mission

RAISES FUNDS FOR AND MAKES GRANTS TO THE NATIONAL LIBRARY OF SCOTLAND AND THE NATIONAL GALLERIES OF SCOTLAND IN ORDER TO PRESERVE THE PAST FOR FUTURE GENERATIONS; TO RECORD AND PRESERVE SCOTTISH CULTURE, HISTORY, KNOWLEDGE AND IDEAS; AND TO MAKE ITS ACCUMULATED HISTORY AND RESOURCES AVAILABLE TO BOTH THE PEOPLE OF SCOTLAND AND OTHERS THROUGHOUT THE WORLD.

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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 $219,751

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $219,751

Expense Breakdown

Grants Paid $2,677,641

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,679,906

Other Expenses $39,041

TOTAL EXPENSES $2,716,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,751	$154,827	+0.4%
Expenses	$2,716,682	$290,271	+8.4%
Net Income	$-2,496,931	$-135,444	+17.4%

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
PETER DRUMMOND-HAY	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES FRASER	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
BENNY HIGGINS	CHAIRMAN	0.50	Director	$0	$0	$0
SIR DRUMMOND BONE	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK CALHOUN UNTIL 125	DIRECTOR	0.50	Director	$0	$0	$0
PROFESSOR MARTHA W DRIVER	DIRECTOR	0.50	Director	$0	$0	$0
CHARLOTTE LYETH BURTON	DIRECTOR	0.50	Director	$0	$0	$0
MARTIN GLYNN	DIRECTOR	0.50	Director	$0	$0	$0
DOUG PRINGLE	DIRECTOR	0.50	Director	$0	$0	$0
JENNY YOUNG DUPONT	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM ZACHS	DIRECTOR	0.50	Director	$0	$0	$0
OLIVIA FUSSELL	DIRECTOR	0.50	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	$219,751	$2,716,682	$29,771	$-2,496,931
2024	$154,827	$290,271	$2,526,418	$-135,444
2023	$123,002	$138,844	$2,669,812	$-15,842
2022	$2,567,990	$64,052	$2,682,777	$2,503,938
2021	$154,764	$1,543,791	$172,681	$-1,389,027
2020	$116,732	$221,743	$1,561,783	$-105,011
2019	$117,629	$139,424	$1,659,570	$-21,795
2018	$1,692,686	$310,435	$1,692,690	$1,382,251

THE AMERICAN PATRONS OF THE NATIONAL LIBRARY AND GALLERIES OF SCOTLAND INC