ALBEMARLE REGIONAL LIBRARY (EIN 566001883) - 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

1948

Legal Domicile

Principal Officer

DONNA E DOUGHTIE

Phone

2523587834

Tax Period

2023-07-01 to 2024-06-30

ALBEMARLE REGIONAL LIBRARY, founded in 1948, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO ESTABLISH AND MAINTAIN LIBRARIES FOR USE BY THE GENERAL PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,273,977

Program Service Revenue $45,496

Investment Income $5,129

Other Revenue $3,551

TOTAL REVENUE $1,328,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $966,987

Fundraising Expenses $0

Program Expenses $1,363,725

Other Expenses $396,738

TOTAL EXPENSES $1,363,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,328,153	$1,479,541	-0.1%
Expenses	$1,363,725	$1,512,413	-0.1%
Net Income	$-35,572	$-32,872	+0.1%

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

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

$124,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN EURE	TRUSTEE	0.00	Officer Director	$0	$0	$0
MARVA BOND	TRUSTEE	0.00	Officer Director	$0	$0	$0
IRENE WALKER	TRUSTEE	0.00	Director	$0	$0	$0
HARRIET BYRUM	TRUSTEE	0.00	Director	$0	$0	$0
RHONDA JONES	TRUSTEE	0.00	Director	$0	$0	$0
PATRICIA FELTON	TRUSTEE	0.00	Director	$0	$0	$0
DENNIS BABB	TRUSTEE	0.00	Director	$0	$0	$0
DEBORAH BALMER DREW	TRUSTEE	0.00	Director	$0	$0	$0
CHRISTEL SIMMONS	TRUSTEE	0.00	Director	$0	$0	$0
RUSTY BOYD	VICE CHAIR	0.00	Director	$0	$0	$0
ANETTE THOMPSON	CHAIR	0.00	Director	$0	$0	$0
LARRY W JOYNER	FINANCE DIRECTOR	40.00	Officer	$52,800	$0	$52,800
HUGH H DAVIS	EXECUTIVE DIRECTOR	40.00	Officer	$71,200	$0	$71,200

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	No data	No data	No data	No data
2024	$1,328,153	$1,363,725	$2,391,326	$-35,572
2023	$1,479,541	$1,512,413	$2,544,715	$-32,872
2022	$1,237,045	$1,122,274	$2,358,932	$114,771
2021	$1,245,200	$1,311,969	$2,362,642	$-66,769
2020	$1,214,912	$1,351,061	$2,382,838	$-136,149
2019	$1,364,433	$1,298,352	$2,494,619	$66,081
2018	$1,539,851	$1,355,630	$2,353,259	$184,221

ALBEMARLE REGIONAL LIBRARY