WESTCHESTER LIBRARY SYSTEM

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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

1958

Legal Domicile

Principal Officer

TERRY KIRCHNER

Phone

9146743600

Tax Period

2024-01-01 to 2024-12-31

WESTCHESTER LIBRARY SYSTEM, founded in 1958, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024.

Mission

THE WESTCHESTER LIBRARY SYSTEM COLLABORATES WITH THE 38 PUBLIC LIBRARIES IN WESTCHESTER COUNTY TO PROVIDE ACCESS TO RESOURCES AND SERVICES AND TO ENHANCE AND SUPPORT LIBRARY SERVICE FOR MORE THAN 1,000,000 RESIDENTS. WLS IS ONE OF NEW YORK STATE'S 23 PUBLIC LIBRARY SYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $2,584,938 Revenue: $1,534,482

TECHNOLOGY - THE ORGANIZATION ENCOURAGES THE COORDINATION AND SHARING OF RESOURCES AMONG MEMBERS, PROVIDES AND SUPPORTS THE TECHNOLOGICAL INFRASTRUCTURE USED BY MEMBER LIBRARIES AND THEIR PATRONS...

TECHNOLOGY - THE ORGANIZATION ENCOURAGES THE COORDINATION AND SHARING OF RESOURCES AMONG MEMBERS, PROVIDES AND SUPPORTS THE TECHNOLOGICAL INFRASTRUCTURE USED BY MEMBER LIBRARIES AND THEIR PATRONS, OFFERS STAFF DEVELOPMENT AND TRAINING FOR ORGANIZATION AND MEMBER LIBRARY STAFF.

Program 2

Expenses: $3,361,467 Revenue: $1,203,957

PUBLIC SERVICE - WESTCHESTER LIBRARY SYSTEM (WLS) PROVIDES AN ARRAY OF SERVICES TO ITS MEMBER LIBRARIES AND THE PUBLIC. THE PUBLIC PROGRAMS OFFERED ARE OPEN TO ALL, WITH A FOCUS TO SERVE UNDERSERVED AND UNSERVED POPULATIONS INCLUDING TEENS, SENIORS, JUSTICE IMPACTED INDIVIDUALS AND THE LITERACY CHALLENGED. THROUGH DIRECT SERVICES TO AND ADVOCACY ON BEHALF OF THESE GROUPS WLS PROGRAMS CONNECTS INDIVIDUALS WITH ACCESS TO INFORMATION AND RESOURCES FOR HEALTH AND WELLNESS, CAREER DEVELOPMENT, LITERACY, EDUCATION, AND ACCESS TO ESSENTIAL RESOURCES. IN SERVING ITS MEMBER LIBRARIES WLS BUILDS PARTNERSHIPS BETWEEN THE LIBRARY COMMUNITY AND LOCAL NON-PROFIT ORGANIZATIONS TO INCREASE AWARENESS OF LIBRARY PROGRAMS AND SERVICES, PROMOTE WORKFORCE DEVELOPMENT AND ENGAGE AND EMPOWER THE PUBLIC THEY SERVE.

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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 $4,228,760

Program Service Revenue $2,702,196

Investment Income $161,652

Other Revenue $36,243

TOTAL REVENUE $7,128,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,466,782

Fundraising Expenses $72,304

Program Expenses $5,946,405

Other Expenses $3,729,187

TOTAL EXPENSES $7,195,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,128,851	$6,925,645	+0.0%
Expenses	$7,195,969	$7,018,402	+0.0%
Net Income	$-67,118	$-92,757	-0.3%

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

$521,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CARTALANO	TRUSTEE	1.00	Director	$0	$0	$0
JULIE MILLS-WORTHEY	TRUSTEE	1.00	Director	$0	$0	$0
KAREN KELLEY	TRUSTEE	1.00	Director	$0	$0	$0
ALICE JOSELOW	TRUSTEE	1.00	Director	$0	$0	$0
WES IWANSKI	TRUSTEE	1.00	Director	$0	$0	$0
DIANE TABAKMAN	TRUSTEE	1.00	Director	$0	$0	$0
KAREN ZEVIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MENER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA PHELAN	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA TEPPER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA ZUCKERMAN BOBER	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN MORDUCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
NISHAT HYDARI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MAUREEN LEBLANC	TREASURER	1.00	Officer Director	$0	$0	$0
ANTHONY AMIANO	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY KIRCHNER	EXECUTIVE DIRECTOR	35.00	Officer	$227,320	$63,214	$290,534
ROBERT CALUORI	CFO	35.00	Officer	$167,610	$63,590	$231,200
WILSON ARANA	IT DIRECTOR	35.00	Highest	$138,118	$58,053	$196,171
PATRICIA BRIGHAM	DIR OF DEVELOPMENT	35.00	Highest	$109,256	$32,304	$141,560

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	No data	No data	No data	No data
2024	$7,128,851	$7,195,969	$7,300,338	$-67,118
2023	$6,925,645	$7,018,402	$7,497,810	$-92,757
2022	$7,290,234	$7,267,343	$7,979,443	$22,891
2021	$7,508,558	$6,943,919	$6,787,041	$564,639
2020	$6,449,850	$6,960,547	$6,673,913	$-510,697
2019	$6,676,444	$6,499,235	$6,098,599	$177,209
2018	$6,744,075	$6,776,766	$6,170,906	$-32,691