WHITEFIELDS OFFICIAL LIBRARY FRIENDS (EIN 921486509) - 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

2023

Legal Domicile

Phone

6038372030

Tax Period

2024-01-01 to 2024-12-31

WHITEFIELDS OFFICIAL LIBRARY FRIENDS, founded in 2023, is a small nonprofit in the Education sector that reported $204K in total revenue in fiscal year 2024. Revenue surged 3303% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 98% operating margin.

Mission

A. Mission: The mission of Whitefield's Official Library Friends (WOLF) is to raise public awareness about the importance of the library to our community and to support its use. B. Purposes: The purposes for which this Corporation is established are to: 1. Raise money for the Whitefield Public Library (WPL) above and beyond the operating budget; 2. Sponsor special activities that expand and enrich the library's programs and services; 3. Provide ongoing support for the 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 (2024)

Revenue Breakdown

Contributions & Grants $179,642

Program Service Revenue $10,700

Investment Income $13,354

Other Revenue $500

TOTAL REVENUE $204,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,434

Other Expenses $4,305

TOTAL EXPENSES $4,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,196	$6,000	+33.0%
Expenses	$4,305	$1,000	+3.3%
Net Income	$199,891	$5,000	+39.0%

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

N/A

Employees

N/A

Volunteers

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
Susannah Colt	President	2	Officer Director	$0	$0	$0
Olivia Feagler	Secretary	2	Officer Director	$0	$0	$0
Jon Dugan-Henriksen	Treasurer	3	Officer Director	$0	$0	$0
Sheena Godin	Board Member	1	Director	$0	$0	$0
Courtney Vashaw	Library Director	5	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	$204,196	$4,305	$201,222	$199,891

WHITEFIELDS OFFICIAL LIBRARY FRIENDS