ROWAN PUBLIC LIBRARY FOUNDATION INC (EIN 561762134) - 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

1991

Legal Domicile

Principal Officer

DALE BASINGER

Phone

7042795427

Tax Period

2022-01-01 to 2022-12-31

ROWAN PUBLIC LIBRARY FOUNDATION INC, founded in 1991, is a micro nonprofit in the Human Services sector that reported $48K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 50% operating margin.

Mission

TO PROVIDE SUPPORT TO THE ROWAN COUNTY PUBLIC LIBRARY IN SALISBURY, NORTH CAROLINA

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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 $9,705

Program Service Revenue $0

Investment Income $38,143

Other Revenue $0

TOTAL REVENUE $47,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,118

Other Expenses $24,118

TOTAL EXPENSES $24,118

Year-over-Year Comparison

	2022	2021	Change
Revenue	$47,848	$168,966	-0.7%
Expenses	$24,118	$14,911	+0.6%
Net Income	$23,730	$154,055	-0.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP BARTON	EXE. DIRECTO	N/A	Officer Director	$0	$0	$0
DALE BASINGER	DIRECTOR/PRE	N/A	Officer Director	$0	$0	$0
WILLIAM R BURGIN	DIRECTOR/TRE	N/A	Officer Director	$0	$0	$0
ELIZABETH COOK	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA CORRIHER	DIRECTOR	N/A	Director	$0	$0	$0
GARY FREEZE	EX OFFICIO D	N/A	Director	$0	$0	$0
JEFF HALL	EX OFFICIO D	N/A	Director	$0	$0	$0
SAMMIE HINSHAW	EX OFFICIO	N/A	Director	$0	$0	$0
BETTY MICKLE	DIRECTOR	N/A	Director	$0	$0	$0
MELODY MOXLEY	DIRECTOR/VIC	N/A	Officer Director	$0	$0	$0
DAVID SWAIM	DIRECTOR	N/A	Director	$0	$0	$0
WALTER WALL	DIRECTOR	N/A	Director	$0	$0	$0
NAN A ZIMMERMAN	DIRECTOR	N/A	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	$47,848	$24,118	$1,222,457	$23,730
2021	$168,966	$14,911	$1,414,296	$154,055

ROWAN PUBLIC LIBRARY FOUNDATION INC