AMAGANSETT FREE LIBRARY (EIN 116028314) - 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

1916

Legal Domicile

Principal Officer

MARC DONNENFELD

Phone

6312673810

Tax Period

2024-01-01 to 2024-12-31

AMAGANSETT FREE LIBRARY, founded in 1916, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 15% surplus.

Mission

PROVIDING QUALITY MATERIALS AND SERVICES, WHICH FULFILL THE EDUCATIONAL, INFORMATION, CULTURAL AND RECREATIONAL NEEDS OF THE ENTIRE COMMUNITY IN AN ATMOSPHERE THAT IS WELCOMING AND RESPECTFUL.

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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 $1,442,568

Program Service Revenue $1,648

Investment Income $18,802

Other Revenue $0

TOTAL REVENUE $1,463,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $774,090

Fundraising Expenses $2,488

Program Expenses $1,082,503

Other Expenses $475,770

TOTAL EXPENSES $1,249,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,463,018	$1,333,730	+0.1%
Expenses	$1,249,860	$1,183,900	+0.1%
Net Income	$213,158	$149,830	+0.4%

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

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
ARIELLE HESSLER	DIRECTOR	35.00		$124,388	$0	$124,388
BARBARA HILL	Vice President	10.00	Officer Director	$0	$0	$0
MARC DONNENFELD	President	10.00	Officer Director	$0	$0	$0
DANIEL MONGAN	Trustee	10.00	Director	$0	$0	$0
LINDA MACCRACKEN	Secretary	10.00	Officer Director	$0	$0	$0
DAVID NUGENT	Trustee	10.00	Director	$0	$0	$0
MARIE ZAZZI	Trustee	10.00	Director	$0	$0	$0
NATALIE ABATEMARCO	Treasurer	10.00	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
2024	$1,463,018	$1,249,860	$3,427,960	$213,158
2023	$1,333,730	$1,183,900	$3,261,133	$149,830
2022	$1,210,887	$1,212,885	$3,270,996	$-1,998
2021	$1,197,022	$1,073,237	$3,423,442	$123,785
2020	$1,174,576	$1,082,656	$3,513,373	$91,920
2019	$1,134,081	$1,202,553	$3,546,048	$-68,472
2018	$1,068,670	$879,052	$3,731,755	$189,618

AMAGANSETT FREE LIBRARY