WICOMICO COUNTY FREE LIBRARY (EIN 520658332) - 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

1927

Legal Domicile

Principal Officer

CHARLES DASHIELL ESQ

Phone

4107493612

Tax Period

2024-07-01 to 2025-06-30

WICOMICO COUNTY FREE LIBRARY, founded in 1927, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Expenses of $4.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDES BOOKS, AUDIO VISUAL, & OTHER MATERIALS TO THE PUBLIC

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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 $3,691,060

Program Service Revenue $52,636

Investment Income $17,953

Other Revenue $0

TOTAL REVENUE $3,761,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,598,789

Fundraising Expenses $0

Program Expenses $4,124,846

Other Expenses $1,762,835

TOTAL EXPENSES $4,361,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,761,649	$3,687,800	+0.0%
Expenses	$4,361,624	$3,375,408	+0.3%
Net Income	$-599,975	$312,392	-2.9%

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

Volunteers

693

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

$142,485

Total Directors

$142,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH HERSHBERGER	EXECUTIVE DIRECTOR	40.00	Officer Director	$119,955	$22,530	$142,485
CHARLES DASHIELL ESQ	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
BRIAN BERGEN-AURAND	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
MICHELE CANOPII	TRUSTEE	2.00	Director	$0	$0	$0
PATTIE TINGLE	SECRETARY	2.00	Officer Director	$0	$0	$0
AUDREY ORR	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
MAIDA FINCH PHD	TRUSTEE	2.00	Director	$0	$0	$0
FARAH YAHYA	TRUSTEE	2.00	Director	$0	$0	$0
MICHELE SCHLEHOFER PHD	TRUSTEE	2.00	Director	$0	$0	$0
JOHN T CANNON	REPRESENTATIVE AT LARGE -	2.00	Director	$0	$0	$0
MICHELE GREGORY	CITY COUNCIL REPRESENTATIV	2.00	Director	$0	$0	$0
FREDDIE L MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
DR MARIE BERNADETTE FOUCHE	TRUSTEE	2.00	Director	$0	$0	$0
CHELSYE PHILLIPS-HUTTON	TRUSTEE	2.00	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	$3,761,649	$4,361,624	$4,401,971	$-599,975
2024	$3,687,800	$3,375,408	$4,332,540	$312,392
2023	$3,288,309	$3,346,674	$3,929,449	$-58,365
2022	$3,405,166	$3,550,214	$3,745,578	$-145,048
2021	$3,096,610	$2,790,745	$3,272,604	$305,865
2020	$3,239,612	$2,788,339	$2,849,684	$451,273
2019	$3,149,174	$2,878,917	$2,439,868	$270,257

WICOMICO COUNTY FREE LIBRARY