HEERMANCE MEMORIAL LIBRARY (EIN 043670100) - 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

2000

Legal Domicile

Principal Officer

CAROL SERAZIO

Phone

5187318084

Tax Period

2025-01-01 to 2025-12-31

HEERMANCE MEMORIAL LIBRARY, founded in 2000, is a small nonprofit in the Education sector that reported $379K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $336K left a modest 11% surplus.

Mission

LIBRARY SERVICE INCLUDE LENDING OF BOOKS,MAGAZINES AND AUDIOVISUAL MATERIAL TO 8,000 RESIDENTS OF COXSACKIE AND SURROUNDING AREAS

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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 (2025)

Revenue Breakdown

Contributions & Grants $20,350

Program Service Revenue $348,000

Investment Income $10,224

Other Revenue $0

TOTAL REVENUE $378,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,553

Fundraising Expenses $0

Program Expenses $302,465

Other Expenses $100,276

TOTAL EXPENSES $335,829

Year-over-Year Comparison

	2025	2024	Change
Revenue	$378,574	$340,502	+0.1%
Expenses	$335,829	$334,658	+0.0%
Net Income	$42,745	$5,844	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIANA FELT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLES HAILER	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH GARLAND IV	TRUSTEE	1.00	Director	$0	$0	$0
MARK MARAGLIO	TREASURER	1.00	Officer Director	$0	$0	$0
BRIDGET MCGUIGAN	SECRETARY	1.00	Director	$0	$0	$0
JOANNE RILEY	TRUSTEE	1.00	Director	$0	$0	$0
CAROL SERAZIO	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA SHAUGER	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN WEST	TRUSTEE	1.00	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
2025	$378,574	$335,829	$620,892	$42,745
2024	No data	No data	No data	No data
2023	$309,965	$296,698	$541,615	$13,267
2022	$297,611	$281,519	$531,581	$16,092
2021	$325,062	$338,896	$466,377	$-13,834
2020	$285,661	$247,719	$452,039	$37,942
2019	$270,465	$243,227	$415,273	$27,238
2018	$293,046	$292,588	$352,131	$458

HEERMANCE MEMORIAL LIBRARY