FRIENDS OF THE NORTH CAROLINA ACCESSIBLE BOOKS AND LIBRARY SERVICES

EIN: 581973202 501(c)(3) Education

RALEIGH, NC

Total Revenue
$157,547
Total Expenses
$55,779
Total Assets
$1,750,883
Net Assets
$1,747,930
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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
1990
Legal Domicile
NC
Principal Officer
EDDIE WEAVER
Phone
8883882460
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE NORTH CAROLINA ACCESSIBLE BOOKS AND LIBRARY SERVICES, founded in 1990, is a small nonprofit in the Education sector that reported $158K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $102K, a strong 65% operating margin.

Mission

SUPPORT FOR THE LIBRARY FOR THE BLIND OF NORTH CAROLINA AND TO PROMOTE LITERACY FOR VISUALLY IMPAIRED AND BLIND INDIVIDUALS WITHIN NORTH CAROLINA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,149
Program Service Revenue $0
Investment Income $115,398
Other Revenue $0
TOTAL REVENUE $157,547

Expense Breakdown

Grants Paid $15,303
Salaries & Benefits $0
Fundraising Expenses $2,129
Program Expenses $29,166
Other Expenses $40,476
TOTAL EXPENSES $55,779

Year-over-Year Comparison

2024 2023 Change
Revenue $157,547 $140,564 +0.1%
Expenses $55,779 $60,209 -0.1%
Net Income $101,768 $80,355 +0.3%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDDIE WEAVER PRESIDENT 2.00
Officer Director
$0 $0 $0
BRICE SMITH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DEBBIE MEADOWS SECRETARY 1.00
Officer Director
$0 $0 $0
MARY FLANAGAN TREASURER 6.00
Officer Director
$0 $0 $0
SUSAN KING PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
HEATHER BROWN DIRECTOR 0.50
Director
$0 $0 $0
VERDINA GILLETTE-SIMMS DIRECTOR 0.50
Director
$0 $0 $0
RYAN TRASK DIRECTOR 0.50
Director
$0 $0 $0
PATRICIA TESSNEAR DIRECTOR 0.50
Director
$0 $0 $0
JIM TURNER DIRECTOR 0.50
Director
$0 $0 $0
SUSANNA DEAN DIRECTOR 0.50
Director
$0 $0 $0
CHRIS FLYNT DIRECTOR 0.50
Director
$0 $0 $0
SUSAN PATTERSON DIRECTOR 0.50
Director
$0 $0 $0
CLAIRE HAKIN DIRECTOR 0.50
Director
$0 $0 $0
MARY SEDGWICK DIRECTOR 0.50
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 $157,547 $55,779 $1,750,883 $101,768
2024 $140,564 $60,209 $1,588,074 $80,355
2023 $94,060 $59,877 $1,415,820 $34,183
2022 $146,847 $55,191 $1,294,160 $91,656
2021 $151,137 $47,518 $1,524,822 $103,619
2020 $105,186 $65,427 $1,194,025 $39,759
2019 $141,974 $64,610 $1,151,549 $77,364
2018 $128,505 $55,109 $1,083,216 $73,396
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