LIBRARY FOUNDATION OF KANAWHA COUNTY INC (EIN 550739659) - 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

1994

Legal Domicile

Principal Officer

ERIKA CONNELLY

Phone

3043434646

Tax Period

2022-07-01 to 2023-06-30

LIBRARY FOUNDATION OF KANAWHA COUNTY INC, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $693K in total revenue in fiscal year 2022. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $832K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF THE LIBRARY FOUNDATION IS TO SUPPORT THE VISION AND MISSION OF THE KANAWHA COUNTY PUBLIC LIBRARY (KCPL) SYSTEM BY: PROVIDING VEHICLES FOR LIBRARY SUPPORTERS' CHARITABLE GIVING; PROVIDING SUPPLEMENTAL FINANCIAL RESOURCES TO KCPL; SERVING AS AN ADVOCATE FOR LIBRARIES; CREATING A COUNTY-WIDE VOLUNTEER SUPPORT SYSTEM FOR KCPL; AND RAISING PUBLIC AWARENESS REGARDING BOTH THE VALUE OF AND THE NEEDS OF PUBLIC LIBRARIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $451,254

Program Service Revenue $65,029

Investment Income $2,913

Other Revenue $173,378

TOTAL REVENUE $692,574

Expense Breakdown

Grants Paid $525,137

Salaries & Benefits $0

Fundraising Expenses $1,131

Program Expenses $600,830

Other Expenses $306,773

TOTAL EXPENSES $831,910

Year-over-Year Comparison

	2022	2021	Change
Revenue	$692,574	$3,834,966	-0.8%
Expenses	$831,910	$1,775,946	-0.5%
Net Income	$-139,336	$2,059,020	-1.1%

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

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

$112,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM HEYWOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRYAN COKELEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BEN THOMAS	MEMBER, KCPL PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY KAY BOND	MEMBER	1.00	Director	$0	$0	$0
MICHELLE MARLOWE	MEMBER	1.00	Director	$0	$0	$0
STEVE WEHRLE	MEMBER	1.00	Director	$0	$0	$0
TARA MARKAM	MEMBER	1.00	Director	$0	$0	$0
STEVEN JUBELIRER	MEMBER	1.00	Director	$0	$0	$0
WILLIAM C PORTH	MEMBER	1.00	Director	$0	$0	$0
MELISSA PRESTON	MEMBER	1.00	Director	$0	$0	$0
MARY CATHERINE TUCKWILER	MEMBER	1.00	Director	$0	$0	$0
DAVID PRAY	MEMBER	1.00	Director	$0	$0	$0
FRAN ROLLINS	MEMBER	1.00	Director	$0	$0	$0
MICHELLE STORAGE	MEMBER	1.00	Director	$0	$0	$0
ERIKA CONNELLY	SECRETARY-TREASURER, KCPL	4.00	Officer	$0	$0	$112,750

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$692,574	$831,910	$12,372,604	$-139,336
2022	$3,834,966	$1,775,946	$12,625,074	$2,059,020
2021	$1,207,037	$4,210,621	$10,401,897	$-3,003,584

LIBRARY FOUNDATION OF KANAWHA COUNTY INC