Union County Library Foundation Inc (EIN 561601255) - 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

1988

Legal Domicile

Principal Officer

Karen Bowman

Phone

7042838184

Tax Period

2023-07-01 to 2024-06-30

Union County Library Foundation Inc, founded in 1988, is a small nonprofit that reported $379K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. Expenses of $511K exceeded revenue, resulting in a 35% operating deficit.

Mission

Raise funds in support of Union County NC libraries building improvements and programming

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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 $349,942

Program Service Revenue $0

Investment Income $18,636

Other Revenue $10,554

TOTAL REVENUE $379,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,082

Fundraising Expenses $0

Program Expenses $465,452

Other Expenses $484,726

TOTAL EXPENSES $510,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$379,132	$179,823	+1.1%
Expenses	$510,808	$49,587	+9.3%
Net Income	$-131,676	$130,236	-2.0%

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

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

$22,183

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nilma Amin	Campaign Coordinator	10.00	Key Emp	$10,884	$0	$10,884
Anna Hottle	Campaign Strategist	11.00	Key Emp	$11,299	$0	$11,299
Annapoorani Bhat	Member	1.00	Director	$0	$0	$0
Donna D'Alessandro	Member	1.00	Director	$0	$0	$0
Jennifer Mitchell	Member	1.00	Director	$0	$0	$0
Michele Bost	Member	1.00	Director	$0	$0	$0
Renee Hottle	Member	1.00	Director	$0	$0	$0
Angela Bennett	President	15.00	Officer	$0	$0	$0
Karen Bowman	Treasurer	5.00	Officer	$0	$0	$0
Nina Chaffin	Member	5.00	Director	$0	$0	$0
Starr Shaffer	Member	1.00	Director	$0	$0	$0
Betty Birch	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
2024	$379,132	$510,808	$237,157	$-131,676

Union County Library Foundation Inc