North Shore Library Foundation Inc (EIN 391993168) - 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

1999

Legal Domicile

Principal Officer

A Paul Pedersen

Phone

4145738555

Tax Period

2024-01-01 to 2024-12-31

North Shore Library Foundation Inc, founded in 1999, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2024. Revenue surged 256% from the prior year, signaling strong growth momentum. Expenses of $72K exceeded revenue, resulting in a 150% operating deficit.

Mission

Raise additional financial resources for the North Shore Library for the amenities that cannot be provided under the Librarys agreement with the communities of Bayside, Fox Point, Glendale & River Hills

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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 $13,079

Program Service Revenue $0

Investment Income $15,932

Other Revenue $0

TOTAL REVENUE $29,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $72,449

TOTAL EXPENSES $72,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,011	$8,154	+2.6%
Expenses	$72,449	$5,408	+12.4%
Net Income	$-43,438	$2,746	-16.8%

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

N/A

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	Reportable Comp	Other Comp	Total
A Paul Pedersen	President/Treasurer	N/A	$0	$0	$0
Dale Schmidt	Vice President	N/A	$0	$0	$0
Daniel Hess	Director	N/A	$0	$0	$0
Kurt Glaisner	Director	N/A	$0	$0	$0
Roger Pumphrey	Director	N/A	$0	$0	$0
Robert Porsche	Director	N/A	$0	$0	$0
Robert Frisch	Director	N/A	$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	$29,011	$72,449	$773,243	$-43,438
2023	$8,154	$5,408	$816,681	$2,746
2022	$644,147	$7,340	$813,935	$636,807

North Shore Library Foundation Inc