PALISADES FREE LIBRARY

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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

1947

Legal Domicile

Phone

8453590136

Tax Period

2024-01-01 to 2024-12-31

PALISADES FREE LIBRARY, founded in 1947, is a small nonprofit in the Education sector that reported $583K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE PALISADES LIBRARY ENJOYS A UNIQUE RELATIONSHIP WITH THE HAMLET OF PALISADES AS A VIBRANT CULTURAL LANDMARK. THE LIBRARY'S MISSION IS TO PROMOTE, SUPPORT, AND SUSTAIN THIS RELATIONSHIP THROUGH ITS WORK AS A PUBLIC RESOURCE FOR EDUCATION, INFORMATION, AND ENLIGHTENMENT.

Program Service Accomplishments

Program 1

Expenses: $429,050 Revenue: $7,805

THE LIBRARY LOANED OVER 20,000 BOOKS, DVDS, AND AUDIOBOOKS, HOSTED OVER 200 PROGRAMS ATTENDED BY OVER 2,000 PEOPLE AND WAS VISITED BY ALMOST 18,000 PATRONS THROUGHOUT THE YEAR.

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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 $552,434

Program Service Revenue $7,805

Investment Income $23,099

Other Revenue $0

TOTAL REVENUE $583,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $404,998

Fundraising Expenses $0

Program Expenses $429,050

Other Expenses $175,355

TOTAL EXPENSES $580,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,338	$515,545	+0.1%
Expenses	$580,353	$531,660	+0.1%
Net Income	$2,985	$-16,115	-1.2%

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

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

$101,471

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA GALIARDI	Executive Dir.	40.00	Officer	$101,471	$0	$101,471
MARJORIE GALEN	President	1.00	Officer Director	$0	$0	$0
KATHRYN SHATTUCK	Secretary	1.00	Officer Director	$0	$0	$0
KRISTOPHER HABERMAN	Vice President	1.00	Officer Director	$0	$0	$0
MARTY NEALON	Treasurer	1.00	Officer Director	$0	$0	$0
LAURIE FERGUSON	Trustee	1.00	Director	$0	$0	$0
ERICA LOCKWOOD	Trustee	1.00	Director	$0	$0	$0
YVONNA KOPACZ WRIGHT	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
2024	$583,338	$580,353	$887,735	$2,985
2023	$515,545	$531,660	$880,130	$-16,115
2023	$515,545	$531,660	$880,130	$-16,115
2022	$532,423	$517,389	$896,245	$15,034
2021	$560,603	$501,897	$881,091	$58,706
2020	$468,434	$467,849	$891,773	$585
2019	$474,204	$489,912	$804,925	$-15,708
2018	$480,535	$514,221	$827,583	$-33,686