FRIENDS OF THE NORTH SHORE LIBRARY (EIN 391390523) - 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

1981

Legal Domicile

Principal Officer

EVELYN ERICSON

Phone

4143513461

Tax Period

2024-06-01 to 2025-05-31

FRIENDS OF THE NORTH SHORE LIBRARY, founded in 1981, is a small nonprofit that reported $660K in total revenue in fiscal year 2024. Revenue surged 198% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE FRIENDS OF THE NORTH SHORE LIBRARY IS TO CREATE INTEREST IN THE LIBRARY AND TO SUPPORT THE LIBRARY AND ITS STAFF, FOR THE INTELLECTUAL AND EDUCATIONAL FULFILLMENT OF THE CITIZENS OF ITS COMMUNITY.

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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 $639,310

Program Service Revenue $20,794

Investment Income $0

Other Revenue $0

TOTAL REVENUE $660,104

Expense Breakdown

Grants Paid $656,597

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $658,402

Other Expenses $4,573

TOTAL EXPENSES $661,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,104	$221,690	+2.0%
Expenses	$661,170	$237,416	+1.8%
Net Income	$-1,066	$-15,726	-0.9%

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
EVELYN ERICSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN SHESTO	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON LEE LUECKE	TREASURER	1.00	Officer Director	$0	$0	$0
JULIA KATHAN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
JUDY PASKO	DIRECTOR	1.00	Director	$0	$0	$0
TESSA BARTELS	DIRECTOR	1.00	Director	$0	$0	$0
ALICE STONEK	DIRECTOR	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	$660,104	$661,170	$378,619	$-1,066
2024	$221,690	$237,416	$347,794	$-15,726
2023	$58,033	$650,890	$299,817	$-592,857
2022	$47,300	$45,518	$915,109	$1,782
2021	$52,299	$125,486	$934,855	$-73,187

FRIENDS OF THE NORTH SHORE LIBRARY