Friends of Buncombe County Librari… - Form 990 Financial Data

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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

Phone

7043458539

Tax Period

2024-07-01 to 2025-06-30

Friends of Buncombe County Libraries Inc, founded in 1994, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT BUNCOMBE COUNTY LIBRARIES

Program Service Accomplishments

Program 1

Expenses: $179,442

FOBCL SPONSERS SPEAKER PROGRAMS AT LIBRARIES ACROSS BUNCOMBE COUNTY, BRINGING LOCAL AND VISITING AUTHORS, HISORIANS AND EXPERTS ON A VARIETY OF TOPICS TO LIBRARY PATRONS. FOBCL FUNDS THE ONE...

FOBCL SPONSERS SPEAKER PROGRAMS AT LIBRARIES ACROSS BUNCOMBE COUNTY, BRINGING LOCAL AND VISITING AUTHORS, HISORIANS AND EXPERTS ON A VARIETY OF TOPICS TO LIBRARY PATRONS. FOBCL FUNDS THE ONE BUNCOMBE/ONE BOOK PROGRAM, A COUNTY WIDE BOOK CLUB THAT SEEKS TO HAVE AS MANY PEOPLE AS POSSIBLE READ, DISCUSS, MEDIATE AND ULTIMATELY ENGAGE WITH THE COMMUNITY AT LARGE THROUGH MEANINGFUL SHARED EXPERIENCES. FOBCL FUNDS A VARIETY OF PROGRAMS RELATED TO ART, MUSIC, WRITING, PAINTING, WEAVING AND MORE, EVEN INCLUDING TINY TOTS YOGA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $107,913

Program Service Revenue $101,832

Investment Income $180

Other Revenue $0

TOTAL REVENUE $209,925

Expense Breakdown

Grants Paid $7,928

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,442

Other Expenses $213,708

TOTAL EXPENSES $221,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,925	$162,235	+0.3%
Expenses	$221,636	$158,352	+0.4%
Net Income	$-11,711	$3,883	-4.0%

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

N/A

Volunteers

250

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
Katie Tobin	Treasurer	5.00	Officer	$0	$0	$0
Julie Niwinski	President	0.50	Officer	$0	$0	$0
Charles Forrest	Co Vice President	0.50	Officer	$0	$0	$0
Andrea Stoltz	Co Vice President	0.50	Officer	$0	$0	$0
Emily Phillips	Secretary	0.50	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	$209,925	$221,636	$270,961	$-11,711

Friends of Buncombe County Libraries Inc