Friends of The Pamlico County Public Library

EIN: 611592352 501(c)(3) Education

Bayboro, NC

Total Revenue
$444,875
Total Expenses
$2,528,287
Total Assets
$163,493
Net Assets
$163,493
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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
2009
Legal Domicile
NC
Principal Officer
Pamela Soderholm
Phone
2522490958
Tax Period
2025-01-01 to 2025-12-31

Friends of The Pamlico County Public Library, founded in 2009, is a small nonprofit in the Education sector that reported $445K in total revenue in fiscal year 2025. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 468% operating deficit.

Mission

Maintain an association of persons interested in libraries and literacy.Focus public attention on the library.Stimulate use of library resources,services and receive and encourage gifts to the library.Support and cooperate w/library in developing library services and facility.

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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 (2025)

Revenue Breakdown

Contributions & Grants $430,902
Program Service Revenue $0
Investment Income $12,529
Other Revenue $1,444
TOTAL REVENUE $444,875

Expense Breakdown

Grants Paid $1,623,321
Salaries & Benefits $504
Fundraising Expenses $0
Program Expenses $2,498,367
Other Expenses $904,462
TOTAL EXPENSES $2,528,287

Year-over-Year Comparison

2025 2024 Change
Revenue $444,875 $2,004,319 -0.8%
Expenses $2,528,287 $1,637,616 +0.5%
Net Income $-2,083,412 $366,703 -6.7%
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
11
Independent Members
11
Employees
N/A
Volunteers
100

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
7
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sheila Cantine Director 3.00
Director
$0 $0 $0
Sue Lee Director 1.00
Director
$0 $0 $0
Jim Kellenberger Director 3.00
Director
$0 $0 $0
Joshau Rose Executive Director 2.00
Director
$0 $0 $0
Bonnie Capp President 15.00
Officer
$0 $0 $0
Mary Hiattt Vice President 15.00
Officer
$0 $0 $0
Jessica Aldridge Secretary 1.00
Officer
$0 $0 $0
Richard Bartz Treasurer 15.00
Officer
$0 $0 $0
Carolyn Bartz Assistant Treasurer 5.00
Officer
$0 $0 $0
Eileen Bell Assistant Secretary 1.00
Officer
$0 $0 $0
Pamela Soderholm Treasurer-in-Waiting 1.00
Officer
$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 $444,875 $2,528,287 $163,493 $-2,083,412
2024 $2,004,319 $1,637,616 $2,246,905 $366,703
2023 $2,333,690 $147,161 $2,677,643 $2,186,529
2022 $72,272 $58,963 $491,114 $13,309
2021 $86,973 $65,663 $478,805 $21,310
2020 $86,148 $59,327 $457,495 $26,821
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