NC PUBLIC LIBRARY DIRECTORS ASSOC

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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

1980

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NC PUBLIC LIBRARY DIRECTORS ASSOC, founded in 1980, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 12% surplus.

Mission

PROMOTE LIBRARY PUBLIC SERVICE BY PROVIDING ACCESS THROUGH STATE PUBLIC LIBRARIES TO RESEARCH DATABASES AND TO PROVIDE FORUMS FOR LIBRARY DIRECTORS TO ENHANCE GROWTH AND COMMUNICATION.

Program Service Accomplishments

Program 1

Expenses: $1,160,367 Revenue: $1,351,252

MAINTAIN THE NC KIDS DIGITAL LIBRARY WHICH PROVIDES A SUBSCRIPTION TO A DIGITAL E-BOOK COLLECTION FOCUSED ON PRE-KINDERGARTEN TO 4TH GRADE READERS.

Program 2

Expenses: $239,930 Revenue: $233,411

PROVIDE ACCESS TO RESEARCH DATABASES THROUGH PUBLIC LIBRARIES INCLUDING THE ANCESTRY GENEALOGICAL DATABASE, THE FOLD3 DATABASE AND THE AFRICAN AMERICAN HERITAGE DATABASE.

Program 3

Expenses: $22,316 Revenue: $17,550

OTHER PROGRAM SERVICE EXPENSES:CONFERENCE HOSTING - MEETING FEES

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,311,625

Program Service Revenue $325,337

Investment Income $6

Other Revenue $0

TOTAL REVENUE $1,636,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,440,734

Other Expenses $1,443,629

TOTAL EXPENSES $1,443,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,636,968	$764,456	+1.1%
Expenses	$1,443,629	$748,104	+0.9%
Net Income	$193,339	$16,352	+10.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
FRANKLIN SHOOK	LIBRARY REPRESENTATIVE	Director	$0	$0	$0
BRIGITTE BLANTON	COMMISSION REPRESENTATIVE	Director	$0	$0	$0
SARAH GREENE	LIBRARY REPRESENTATIVE	Director	$0	$0	$0
FAITH PHILLIPS	PAST PRESIDENT	Director	$0	$0	$0
SHEILA KILLEBREW	LIBRARY REPRESENTATIVE	Director	$0	$0	$0
MELANIE MORGAN	COMMISSION REPRESENTATIVE	Director	$0	$0	$0
JULIANNE MOORE	COMMISSION REPRESENTATIVE	Director	$0	$0	$0
MARCIA DOWLING	SECRETARY	Officer	$0	$0	$0
TRINA RUSHING	PRESIDENT	Officer	$0	$0	$0
RISHARA FINSEL	VICE PRESIDENT	Officer	$0	$0	$0
DOROTHY HOWELL	ASST TREASURER	Officer	$0	$0	$0
KATIE FOUNTAIN	TREASURER	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,636,968	$1,443,629	$572,493	$193,339
2022	$764,456	$748,104	$379,154	$16,352
2021	$1,419,864	$1,411,787	$362,801	$8,077
2020	$624,627	$612,313	$354,724	$12,314