Friends of New Castle County Southern Library (EIN 743132026) - 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

2004

Legal Domicile

Principal Officer

Linda L Goodman

Phone

9083617122

Tax Period

2022-01-01 to 2022-12-31

Friends of New Castle County Southern Library, founded in 2004, is a micro nonprofit in the Education sector that reported $37K in total revenue in fiscal year 2022. Revenue surged 312% from the prior year, signaling strong growth momentum. Expenses of $49K exceeded revenue, resulting in a 32% operating deficit.

Mission

Provide Funding and Enrichment to the Appoquinmink Community Library

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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 (2022)

Revenue Breakdown

Contributions & Grants $36,839

Program Service Revenue $0

Investment Income $443

Other Revenue $0

TOTAL REVENUE $37,282

Expense Breakdown

Grants Paid $42,599

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,455

Other Expenses $6,518

TOTAL EXPENSES $49,117

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,282	$9,058	+3.1%
Expenses	$49,117	$671,981	-0.9%
Net Income	$-11,835	$-662,923	-1.0%

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

N/A

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
Linda Goodman	President	002.00	Officer Director	$0	$0	$0
Leila Rappaport	Vice President	002.00	Officer Director	$0	$0	$0
Richard Clement	Secretary	002.00	Officer Director	$0	$0	$0
Joanne Clement	Treasurer	002.00	Officer Director	$0	$0	$0
Valerie Young	Board Member Membership	002.00	Director	$0	$0	$0
Cecilee Young	Board Memebr - Development	002.00	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
2022	$37,282	$49,117	$14,043	$-11,835
2021	$9,058	$671,981	$25,878	$-662,923
2020	$39,844	$1,984	$688,801	$37,860
2019	$623,193	$4,638	$650,941	$618,555

Friends of New Castle County Southern Library