Trust Fund for Buncombe County Public Libraries (EIN 581410422) - 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

1979

Legal Domicile

Principal Officer

Kay Wall

Phone

8282504714

Tax Period

2023-01-01 to 2023-12-31

Trust Fund for Buncombe County Public Libraries, founded in 1979, is a micro nonprofit that reported $38K in total revenue in fiscal year 2023. Revenue surged 426% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 46% operating margin.

Mission

The Trust Fund for the Asheville-Buncombe Library System was established in 1979 for the purpose of supporting and maintaining the public libraries of Buncombe County.

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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 $259

Program Service Revenue $0

Investment Income $37,481

Other Revenue $0

TOTAL REVENUE $37,740

Expense Breakdown

Grants Paid $9,907

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,977

Other Expenses $10,629

TOTAL EXPENSES $20,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,740	$7,173	+4.3%
Expenses	$20,536	$16,029	+0.3%
Net Income	$17,204	$-8,856	-2.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay Wall	Board Chair	5.00	Officer Director	$0	$0	$0
Leslie Long	Treasurer	5.00	Officer Director	$0	$0	$0
Linda Wilkerson	Secretary	5.00	Officer Director	$0	$0	$0
Jason Hyatt	Member	1.00	Director	$0	$0	$0
Sherree Turcot	Member	2.00	Director	$0	$0	$0
Emily Phillips	Member	3.00	Director	$0	$0	$0
Tikkun Gottschalk	Member	3.00	Director	$0	$0	$0
David Goble	Member	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$37,740	$20,536	$942,994	$17,204
2022	$7,173	$16,029	$873,930	$-8,856
2021	$52,918	$13,906	$1,016,724	$39,012
2020	$18,210	$8,425	$937,200	$9,785
2019	$21,892	$7,692	$860,105	$14,200
2018	$27,065	$12,643	$755,751	$14,422

Trust Fund for Buncombe County Public Libraries