DURHAM LIBRARY FOUNDATION (EIN 562189129) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

SAM NICHOLS

Phone

9195300158

Tax Period

2024-07-01 to 2025-06-30

DURHAM LIBRARY FOUNDATION, founded in 2000, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 78% operating margin.

Mission

THE FOUNDATION ENHANCES COUNTY FUNDING OF PUBLIC LIBRARY SERVICES AND FACILITIES IN DURHAM COUNTY, NORTH CAROLINA BY SECURING, MAINTAINING, AND EXPENDING OR DONATING TO THE COUNTY LIBRARY SYSTEM FOR ITS EXPENDITURE, RESOURCES FROM OTHER SOURCES, BOTH PUBLIC AND PRIVATE. THE OBJECTIVE IS TO PROVIDE A MARGIN OF EXCELLENCE, BEYOND THAT ATTAINABLE FROM COUNTY FUNDING ALONE, FOR THE COUNTY LIBRARY SYSTEM IN ITS SERVICES TO ITS PUBLIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,431,395

Program Service Revenue $0

Investment Income $173,187

Other Revenue $3,086

TOTAL REVENUE $1,607,668

Expense Breakdown

Grants Paid $196,493

Salaries & Benefits $92,459

Fundraising Expenses $33,322

Program Expenses $226,589

Other Expenses $60,851

TOTAL EXPENSES $349,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,607,668	$1,115,923	+0.4%
Expenses	$349,803	$275,516	+0.3%
Net Income	$1,257,865	$840,407	+0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$63,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR ROGERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LIZ GUSTAFSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JUDITH RUDERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
SAM NICHOLS	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
CARL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TIA BARNES	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN EMMOMS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KEIR	DIRECTOR	1.00	Director	$0	$0	$0
JOSH CROWELL	DIRECTOR	1.00	Director	$0	$0	$0
KATE MEDLEY	DIRECTOR	1.00	Director	$0	$0	$0
DESIREE PALMER	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA QUICK	DIRECTOR	1.00	Director	$0	$0	$0
CARL NEWMAN	BOARD OF TRUSTEES REPRESEN	1.00	Director	$0	$0	$0
ANGELA ZOLTNERS	FRIENDS REPRESENTATION	1.00	Director	$0	$0	$0
TOM HADZOR	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PIKE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WELLS	EXECUTIVE DIRECTOR	30.00	Officer	$63,617	$0	$63,617
KARA NUNNALLY	INTERIM EXECUTIVE DIRECTOR	30.00	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	$1,607,668	$349,803	$7,969,380	$1,257,865
2024	$1,115,923	$275,516	$6,045,846	$840,407
2023	$392,105	$320,688	$5,303,800	$71,417
2022	$573,432	$318,227	$4,869,415	$255,205
2021	$573,063	$352,743	$5,320,723	$220,320
2020	$904,394	$670,105	$4,166,773	$234,289
2019	$840,674	$1,041,085	$4,427,874	$-200,411
2018	$430,670	$362,593	$4,607,837	$68,077

DURHAM LIBRARY FOUNDATION