FRIENDS OF THE CHAS COUNTY LIBRARY (EIN 570742388) - 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

1982

Legal Domicile

Principal Officer

LEAH DONALDSON

Phone

8437620452

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE CHAS COUNTY LIBRARY, founded in 1982, is a small nonprofit in the Education sector that reported $336K in total revenue in fiscal year 2023. Expenses of $314K left a modest 7% surplus.

Mission

PROVIDE FINANCIAL SUPPORT FOR CHARLESTON COUNTY PUBLIC 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $312,457

Program Service Revenue $0

Investment Income $79

Other Revenue $23,307

TOTAL REVENUE $335,843

Expense Breakdown

Grants Paid $63,580

Salaries & Benefits $48,002

Fundraising Expenses $181,803

Program Expenses $75,794

Other Expenses $202,269

TOTAL EXPENSES $313,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$335,843	$327,904	+0.0%
Expenses	$313,851	$275,613	+0.1%
Net Income	$21,992	$52,291	-0.6%

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

248

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

$24,923

Total Directors

$24,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH DONALDSON	DIRECTOR	40.00	Officer Director	$24,923	$0	$24,923
MERIDETH BONVINO	BOARD MEMBER	1.00	Director	$0	$0	$0
BREYONNA DAVIS	TREASURER	1.00	Officer Director	$0	$0	$0
ULANI DECILLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GAIL GOLIGHTLY	CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA HIESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARIN JORGENSEN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
RICK KATES	DEVELOPMENT	1.00	Officer Director	$0	$0	$0
CRAIG LAWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA LEGENDRE	MARKETING CO	1.00	Officer Director	$0	$0	$0
DODIE MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURI MOFFET	BOOK SALES C	1.00	Officer Director	$0	$0	$0
NICK PLASMATI	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN WALLBERG	VOLUNTEER CO	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
2024	No data	No data	No data	No data
2023	$335,843	$313,851	$337,729	$21,992
2022	$327,904	$275,613	$320,331	$52,291
2021	$344,792	$219,922	$285,794	$124,870
2020	$191,111	$199,679	$152,649	$-8,568
2019	$308,173	$285,076	$165,156	$23,097
2018	$242,164	$289,704	$138,281	$-47,540

FRIENDS OF THE CHAS COUNTY LIBRARY