LUNENBURG COUNTY PUBLIC LIBRARY SY… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

LUTHER DRUMMOND JR

Phone

4346764401

Tax Period

2024-07-01 to 2025-06-30

LUNENBURG COUNTY PUBLIC LIBRARY SYSTEM INC, founded in 2014, is a small nonprofit in the Education sector that reported $363K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 30% operating margin.

Mission

LUNENBURG COUNTY PUBLIC LIBRARY SYSTEM, INC.'S PRIMARY MISSION IS TO PROVIDE RESIDENTS OF LUNENBURG COUNTY WITH CONVENIENT ACCESS TO READING MATERIALS AND COMPUTER SERVICES.

Program Service Accomplishments

Program 1

Expenses: $234,884 Revenue: $11,284

TO PROVIDE RESIDENTS OF LUNENBURG COUNTY WITH CONVENIENT ACCESS TO READING MATERIALS AND COMPUTER SERVICES.

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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 $351,655

Program Service Revenue $11,284

Investment Income $131

Other Revenue $0

TOTAL REVENUE $363,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,160

Fundraising Expenses $0

Program Expenses $234,884

Other Expenses $111,339

TOTAL EXPENSES $255,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,070	$267,094	+0.4%
Expenses	$255,499	$256,768	0.0%
Net Income	$107,571	$10,326	+9.4%

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

Volunteers

N/A

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
LYNN BAKER	TRUSTEE	1.00	Director	$0	$0	$0
SALLIE ANN BUCHANAN	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
STEVE W HAMMOCK	TRUSTEE	1.00	Director	$0	$0	$0
NANCY HAWTHORNE	TRUSTEE	1.00	Director	$0	$0	$0
LUTHER DRUMMOND JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
REV JAMES ISAAC JR	TREASURER	1.00	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
2025	$363,070	$255,499	$325,170	$107,571
2024	$267,094	$256,768	$214,926	$10,326
2023	$254,573	$286,608	$206,272	$-32,035
2022	$226,171	$286,306	$237,690	$-60,135
2021	$239,540	$234,176	$295,494	$5,364
2020	$233,979	$249,992	$293,428	$-16,013
2019	$234,578	$200,060	$307,996	$34,518

LUNENBURG COUNTY PUBLIC LIBRARY SYSTEM INC