Charleston Library Society (EIN 570314372) - 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

1987

Legal Domicile

Principal Officer

Laura K Pelzer

Phone

8437239912

Tax Period

2024-01-01 to 2024-12-31

Charleston Library Society, founded in 1987, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 14% surplus.

Mission

Our mission is to: Providing educational opportunities for all ages children through adults; Conserving, preserving, exhibiting and expanding its collections; Using technology to improve access to and understanding of the Librarys collections; Offering lectures and programs on common literary and historical interests; Collaborating with other cultural institutions on subjects of common interest; Providing a literary and historical archival center for scholars, researchers and students; and Providing programs that offer life-long learning opportunities to the community.

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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 $1,518,383

Program Service Revenue $241,060

Investment Income $591,508

Other Revenue $145,369

TOTAL REVENUE $2,496,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000,119

Fundraising Expenses $82,785

Program Expenses $1,889,882

Other Expenses $1,155,438

TOTAL EXPENSES $2,155,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,496,320	$2,362,251	+0.1%
Expenses	$2,155,557	$1,926,729	+0.1%
Net Income	$340,763	$435,522	-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

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

$223,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack D McSpadden Jr	President	10.00	Officer Director	$0	$0	$0
Diana Hambleton	Vice President	10.00	Officer Director	$0	$0	$0
Michael D Reynolds	Treasurer	6.00	Officer Director	$0	$0	$0
Gina Stouffer	Secretary	6.00	Officer Director	$0	$0	$0
Anne P Keigher	Executive Committee	6.00	Director	$0	$0	$0
Ann M Auburn	Director	2.00	Director	$0	$0	$0
Stevenson B Bennett	Director	2.00	Director	$0	$0	$0
James W Bradshaw	Director	2.00	Director	$0	$0	$0
Susan DiCamillo	Director	2.00	Director	$0	$0	$0
Samuel L Easley	Director	2.00	Director	$0	$0	$0
Deborah C Fisher	Director	2.00	Director	$0	$0	$0
Chevon C Herbert	Director	2.00	Director	$0	$0	$0
John A Hill	Director	2.00	Director	$0	$0	$0
Lewis S Kunkel III	Director	2.00	Director	$0	$0	$0
Emily-Elise Martin	Director	2.00	Director	$0	$0	$0
Jerrold Mitchell	Director	2.00	Director	$0	$0	$0
Lee Pringle	Director	2.00	Director	$0	$0	$0
M Edward Sellers	Director	2.00	Director	$0	$0	$0
Andrew R Tew	Director	2.00	Director	$0	$0	$0
James O Treyz	Director	2.00	Director	$0	$0	$0
Elisa B von Marschall	Director	2.00	Director	$0	$0	$0
Wendy C H Wellin	Director	2.00	Director	$0	$0	$0
Carl A Wise	Director	2.00	Director	$0	$0	$0
James C Mabry IV	Director	2.00	Director	$0	$0	$0
Laura Pelzer	Executive Director	55.00	Officer	$197,970	$25,200	$223,170

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
2024	$2,496,320	$2,155,557	$15,012,678	$340,763
2023	$2,362,251	$1,926,729	$14,258,451	$435,522
2022	$1,787,905	$2,001,783	$13,337,092	$-213,878
2021	$3,273,061	$1,732,571	$14,304,984	$1,540,490
2020	$2,047,004	$1,476,711	$13,479,578	$570,293
2019	$3,487,010	$1,441,707	$12,296,233	$2,045,303
2018	$3,273,209	$1,448,413	$9,912,702	$1,824,796

Charleston Library Society