NORTH LAKE COUNTY LIBRARY FOUNDATION (EIN 363814551) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NORTH LAKE COUNTY LIBRARY FOUNDATION is a small nonprofit in the Education sector that reported $143K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 868% operating deficit.

Mission

Supports the North Lake County Library

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $103,813

Program Service Revenue $0

Investment Income $38,788

Other Revenue $0

TOTAL REVENUE $142,601

Expense Breakdown

Grants Paid $1,373,237

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,378,481

Other Expenses $6,894

TOTAL EXPENSES $1,380,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,601	$424,104	-0.7%
Expenses	$1,380,131	$66,535	+19.7%
Net Income	$-1,237,530	$357,569	-4.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Ryan Gage	Treasurer	1.00	Officer Director	$0	$0	$0
Nancy Armistead	Secretary	5.00	Officer Director	$0	$0	$0
Carolyn Heinz	Director	1.00	Director	$0	$0	$0
Brittany Simonich	Director	1.00	Director	$0	$0	$0
Cindy Willis	Vice President	5.00	Officer Director	$0	$0	$0
Sue McCormick	Director	1.00	Director	$0	$0	$0
Jim Noon	Director	1.00	Director	$0	$0	$0
Connie Brownell	President	10.00	Officer 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
2023	$142,601	$1,380,131	$605,135	$-1,237,530
2022	$424,104	$66,535	$1,749,205	$357,569
2021	$788,740	$146,042	$1,558,940	$642,698
2020	$19,778	$31,728	$888,752	$-11,950
2019	$58,685	$26,873	$849,327	$31,812
2018	$62,954	$52,946	$775,894	$10,008

NORTH LAKE COUNTY LIBRARY FOUNDATION