Friends of the Transylvania County Library (EIN 581852153) - 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

1989

Legal Domicile

Principal Officer

David L Watts

Phone

8288843151

Tax Period

2025-01-01 to 2025-12-31

Friends of the Transylvania County Library, founded in 1989, is a small nonprofit that reported $135K in total revenue in fiscal year 2025. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 40% operating margin.

Mission

Friends of the Librarys mission is to enhance and support library services by underwriting programs and events, publishing an informative newsletter, and making special purchases.

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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 (2025)

Revenue Breakdown

Contributions & Grants $46,197

Program Service Revenue $0

Investment Income $34,563

Other Revenue $53,979

TOTAL REVENUE $134,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,830

Other Expenses $81,105

TOTAL EXPENSES $81,105

Year-over-Year Comparison

	2025	2024	Change
Revenue	$134,739	$82,719	+0.6%
Expenses	$81,105	$80,065	+0.0%
Net Income	$53,634	$2,654	+19.2%

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

N/A

Volunteers

150

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

$96,053

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rishara Finsel	Library Director	40.00	Director	$0	$0	$96,053
Colin Kirkman	President	3.80	Officer Director	$0	$0	$0
Khaled Khiyar	President-Elect	0.90	Officer Director	$0	$0	$0
Dave Watts	Treasurer	2.10	Officer Director	$0	$0	$0
Jeni Brandon	Secretary	6.80	Officer Director	$0	$0	$0
Phil Stewart	Publicity Chair	1.80	Director	$0	$0	$0
Gerri Jergensen	Book Room Chair	6.00	Director	$0	$0	$0
Charlene Montante	Membership Chair	2.80	Director	$0	$0	$0
Susan Goldsworthy	Volunteer Chair	4.90	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	$134,739	$81,105	$513,952	$53,634

Friends of the Transylvania County Library