Friends of Buncombe County Libraries Inc

EIN: 561933173 501(c)(3) Education

Asheville, NC

Total Revenue
$209,925
Total Expenses
$221,636
Total Assets
$270,961
Net Assets
$270,961
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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
NC
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

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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