US FRIENDS OF GLADSTONE'S LIBRARY

EIN: 753239017 501(c)(3)

WILMINGTON, DE

Total Revenue
$251,726
Total Expenses
$273,620
Total Assets
$27,961
Net Assets
$27,961
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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
2007
Legal Domicile
DE
Principal Officer
SCOTT EVENBECK
Phone
3022954959
Tax Period
2018-01-01 to 2018-12-31

US FRIENDS OF GLADSTONE'S LIBRARY, founded in 2007, is a small nonprofit that reported $252K in total revenue in fiscal year 2018. Revenue surged 428% from the prior year, signaling strong growth momentum.

Mission

TO PRESERVE AND RESTORE RARE AND HISTORIC BOOKS AND ENSURE THEY ARE AVAILABLE TO THE PUBLIC AS WIDELY AS POSSIBLE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $251,726
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,726

Expense Breakdown

Grants Paid $261,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $261,300
Other Expenses $12,320
TOTAL EXPENSES $273,620

Year-over-Year Comparison

2018 2017 Change
Revenue $251,726 $47,680 +4.3%
Expenses $273,620 N/A N/A
Net Income $-21,894 $47,680 -1.5%
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
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT EVENBECK PRESIDENT 0.50
Officer Director
$0 $0 $0
PETER FRANCIS SECRETARY 0.50
Officer Director
$0 $0 $0
MARTHA WATSON DIRECTOR 0.50
Director
$0 $0 $0
ABIGAIL C NICHOLS DIRECTOR 0.50
Director
$0 $0 $0
JEAN DENTON DIRECTOR 0.50
Director
$0 $0 $0
DR MARILYN RUSSELL DIRECTOR 0.50
Director
$0 $0 $0
ANNETTE LEWIS TREASURER 0.50
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
2018 $251,726 $273,620 $27,961 $-21,894
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