LOUISA COUNTY LIBRARY FOUNDATION INC

EIN: 541498795 501(c)(3)

MINERAL, VA

Total Revenue
$302,911
Total Expenses
$6,200
Total Assets
$385,079
Net Assets
$385,079
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Phone
5408946437
Tax Period
2022-01-01 to 2022-12-31

LOUISA COUNTY LIBRARY FOUNDATION INC, founded in 1989, is a small nonprofit that reported $303K in total revenue in fiscal year 2022. Revenue surged 14933% from the prior year, signaling strong growth momentum. The organization ran a surplus of $297K, a strong 98% operating margin.

Mission

ORGANIZATION'S PURPOSE IS TO RAISE FUNDS TO BUILD AND SUPPORT A PUBLIC LIBRARY IN LOUISA COUNTY, VIRGINIA. THE LIBRARY IS COMPLETE AND FUNCTIONING AS SUCH.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $299,948
Program Service Revenue $0
Investment Income $2,963
Other Revenue $0
TOTAL REVENUE $302,911

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,000
Other Expenses $200
TOTAL EXPENSES $6,200

Year-over-Year Comparison

2022 2021 Change
Revenue $302,911 $2,015 +149.3%
Expenses $6,200 $4,200 +0.5%
Net Income $296,711 $-2,185 -136.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENNIE GOODWIN Secretary 1.00
Director
$0 $0 $0
C DOUGLAS WHITLOCK Vice President 1.00
Director
$0 $0 $0
JOE LESLIE President 1.00
Director
$0 $0 $0
DEBBIE GENTRY TREASURER 1.00
Director
$0 $0 $0
DEBORAH PETTIT Director 1.00
Director
$0 $0 $0
JUDY HAVASY 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
2022 $302,911 $6,200 $385,079 $296,711
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