KANAWHA COUNTY PUBLIC LIBRARY SPECIAL PUBLIC PROPERTIES HOLDINGS INC (EIN 851263161) - 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

2020

Legal Domicile

Principal Officer

ERIKA CONNELLY

Phone

5026810519

Tax Period

2023-01-01 to 2023-12-31

KANAWHA COUNTY PUBLIC LIBRARY SPECIAL PUBLIC PROPERTIES HOLDINGS INC, founded in 2020, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $797K exceeded revenue, resulting in a 853% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS ACQUIRE CERTAIN REAL PROPERTY, AND RESTORATION, RENOVATION, EXPANSION, AND OPERATION OF A MAIN LIBRARY BUILDING LOCATED ON CAPITOL STREET IN DOWNTOWN CHARLESTON, WEST VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $83,637

TOTAL REVENUE $83,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $398,759

Other Expenses $796,798

TOTAL EXPENSES $796,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,637	$2,177,101	-1.0%
Expenses	$796,798	$545,633	+0.5%
Net Income	$-713,161	$1,631,468	-1.4%

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

$120,000

Total Directors

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN THOMAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIKA CONNELLY	SECRETARY/TREASURER - KCPL DIRECTOR	2.00	Officer Director	$0	$0	$120,000
STEPHANIE HADEN	MEMBER	2.00	Director	$0	$0	$0
MONIKA JAENSSON	MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$83,637	$796,798	$22,357,021	$-713,161
2022	$2,177,101	$545,633	$22,846,182	$1,631,468
2021	$933,424	$90,507	$21,012,070	$842,917
2020	$7,970,371	$27,221	$21,129,514	$7,943,150

KANAWHA COUNTY PUBLIC LIBRARY SPECIAL PUBLIC PROPERTIES HOLDINGS INC