HAMPTON PUBLIC LIBRARY FOUNDATION

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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

1994

Legal Domicile

Principal Officer

VALERIE GARDNER

Phone

7573153701

Tax Period

2018-01-01 to 2018-12-31

HAMPTON PUBLIC LIBRARY FOUNDATION, founded in 1994, is a micro nonprofit in the Human Services sector that reported $41K in total revenue in fiscal year 2018. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $338K exceeded revenue, resulting in a 718% operating deficit.

Mission

DO WELL BY DOING GOOD: HELP BUILD LIBRARIES FOR THE FUTURE THE HAMPTON PUBLIC LIBRARY FOUNDATION WAS FOUNDED IN 1994 TO RECEIVE DONATIONS AND BEQUESTS FROM THOSE WHO VALUE AND HONOR THE PUBLIC LIBRARY. THE NEED IS GREAT NOW FOR MODERN, EXPANDED BRANCH LIBRARIES AND FOR REBUILDING OUR COLLECTIONS.

Program Service Accomplishments

Program 1

Expenses: $334,143

THE LIBRARY WILL PROVIDE RESOURCES TO A DIVERSE POPULATION OF JUVENILES, TEENS AND ADULTS TO PROMOTE LIFELONG LEARNING. ALL CITIZENS WILL HAVE EASY ACCESS TO ALL RESOURCES AND SERVICES, RESULTING IN...

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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 (2018)

Revenue Breakdown

Contributions & Grants $668

Program Service Revenue $0

Investment Income $40,661

Other Revenue $0

TOTAL REVENUE $41,329

Expense Breakdown

Grants Paid $326,693

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,143

Other Expenses $11,181

TOTAL EXPENSES $337,874

Year-over-Year Comparison

	2018	2017	Change
Revenue	$41,329	$31,846	+0.3%
Expenses	$337,874	$22,470	+14.0%
Net Income	$-296,545	$9,376	-32.6%

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
LAWRENCE CUMMING	PRESIDENT/DI	1.00	Officer Director	$0	$0	$0
VALERIE GARDNER	LIBRARY DIRE	1.00	Director	$0	$0	$0
SARAH MESSERSMITH	TREAS./SEC./	1.00	Officer Director	$0	$0	$0
CALVIN PEARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CARPENTER	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY TRIMBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN EDMONSON	BOARD MEMBER	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
2018	$41,329	$337,874	$361,225	$-296,545