THE LIBRARY FOUNDATION OF BURKE COUNTY

EIN: 562258235 501(c)(3) Education

MORGANTON, NC

Total Revenue
$341,009
Total Expenses
$187,576
Total Assets
$1,223,988
Net Assets
$1,222,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NC
Principal Officer
MARK K MILLER
Phone
8284375638
Tax Period
2024-07-01 to 2025-06-30

THE LIBRARY FOUNDATION OF BURKE COUNTY, founded in 2001, is a small nonprofit in the Education sector that reported $341K in total revenue in fiscal year 2024. The organization ran a surplus of $153K, a strong 45% operating margin.

Mission

TO SUPPORT, PROMOTE, DEVELOP, SUPPLEMENT AND OTHERWISE ENHANCE THE FACILITIES, SERVICES, COLLECTIONS, PROGRAMS AND OUTREACH OF THE BURKE COUNTY PUBLIC LIBRARY

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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 $234,936
Program Service Revenue $13,514
Investment Income $65,060
Other Revenue $27,499
TOTAL REVENUE $341,009

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,040
Fundraising Expenses $1,556
Program Expenses $121,723
Other Expenses $186,536
TOTAL EXPENSES $187,576

Year-over-Year Comparison

2024 2023 Change
Revenue $341,009 $347,571 0.0%
Expenses $187,576 $156,156 +0.2%
Net Income $153,433 $191,415 -0.2%
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
10
Independent Members
10
Employees
1
Volunteers
56

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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN VANNOPPEN CO-CHAIRMAN 2.00
Officer Director
$0 $0 $0
ROUNTREE COLLETT VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
MARK MILLER TREASURER 2.00
Officer Director
$0 $0 $0
MARY CHARLOTTE SAFFORD SECRETARY 2.00
Officer Director
$0 $0 $0
STEPHANIE DONLAVAGE DIRECTOR 1.00
Director
$0 $0 $0
GAIL WILLIAMSON DIRECTOR 1.00
Director
$0 $0 $0
NANCY VANNOPPEN CO-CHAIRMAN 1.00
Officer Director
$0 $0 $0
LU GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
HOLLY FARLOW DIRECTOR 1.00
Director
$0 $0 $0
JAIME MONEY DIRECTOR 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
2025 $341,009 $187,576 $1,223,988 $153,433
2024 $347,571 $156,156 $1,069,094 $191,415
2023 $222,841 $161,419 $877,679 $61,422
2022 $221,493 $144,758 $816,257 $76,735
2021 $190,560 $154,456 $739,522 $36,104
2020 $172,159 $170,980 $703,418 $1,179
2019 $211,592 $453,339 $702,239 $-241,747
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