STEEP FALLS LIBRARY (EIN 010441542) - 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

1917

Legal Domicile

Phone

2076753132

Tax Period

2024-07-01 to 2025-06-30

STEEP FALLS LIBRARY, founded in 1917, is a micro nonprofit in the Education sector that reported $91K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 18% operating margin.

Mission

LIBRARY OPERATIONS AND SERVICES TO THE LOCAL COMMUNITY.

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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 $34,454

Program Service Revenue $0

Investment Income $56,167

Other Revenue $0

TOTAL REVENUE $90,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,458

Fundraising Expenses $449

Program Expenses $42,321

Other Expenses $44,045

TOTAL EXPENSES $74,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,621	$60,483	+0.5%
Expenses	$74,503	$63,506	+0.2%
Net Income	$16,118	$-3,023	-6.3%

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

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

$28,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA PAUL	LIBRARIAN	31.00	Director	$28,080	$0	$28,080
GAYLE DUNNIGAN	TRUSTEE	0.00	Director	$0	$0	$0
RUSSELL WIGGIN	TRUSTEE	0.00	Director Highest	$0	$0	$0
MARTIN DUGGAN	TRUSTEE	0.00	Director	$0	$0	$0
SUZANNE DEROCHE	TRUSTEE	0.00	Director	$0	$0	$0
SARAH GABBA	TRUSTEE	0.00	Director	$0	$0	$0
JENNIFER THOMAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHLEEN SWASEY	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
ELAINE BRACKETT	TREASURER	2.00	Officer Director	$0	$0	$0
SARA NASON	SECRETARY	2.00	Officer 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
2025	$90,621	$74,503	$635,028	$16,118
2024	$60,483	$63,506	$639,226	$-3,023
2023	$34,776	$61,836	$617,496	$-27,060
2022	$47,468	$56,909	$610,112	$-9,441
2021	$38,154	$26,847	$681,383	$11,307
2020	$46,345	$39,705	$566,803	$6,640
2019	$67,024	$44,909	$568,773	$22,115

STEEP FALLS LIBRARY