ROSE MEMORIAL LIBRARY ASSOCIATION

EIN: 132558480 501(c)(3)

STONY POINT, NY

Total Revenue
$567,738
Total Expenses
$633,638
Total Assets
$820,731
Net Assets
$791,154
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
NY
Principal Officer
AMANDA PAGAN-GLASS
Phone
8457862100
Tax Period
2024-01-01 to 2024-12-31

ROSE MEMORIAL LIBRARY ASSOCIATION, founded in 1952, is a small nonprofit that reported $568K in total revenue in fiscal year 2024. Expenses of $634K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Rose Memorial Library Association is a New York State not-for-profit corporation charted by the Regents of the State of New York and founded in 1949. It is organized to serve the educational, cultural, and social needs of the community of the Town of Stony Point. It is concerned with providing opportunities for community connection and gathering, and providing materials and programming for literacy, educational, and cultural purposes. The organization currently provides services for 14,813 residents (from the US Census 2020). Rose Memorial Library is governed by an elected Board of Trustees. It is a member of the Ramapo Catskill Library System. The library is supported primarily through municipal and school district tax assessments.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $534,861
Program Service Revenue $2,746
Investment Income $30,131
Other Revenue $0
TOTAL REVENUE $567,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $441,860
Fundraising Expenses $1,576
Program Expenses $481,047
Other Expenses $191,778
TOTAL EXPENSES $633,638

Year-over-Year Comparison

2024 2023 Change
Revenue $567,738 $572,551 0.0%
Expenses $633,638 $604,110 +0.0%
Net Income $-65,900 $-31,559 +1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
7
Independent Members
4
Employees
15
Volunteers
49

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
5
$90,568
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alice Meacham Executive Dir. 40.00
Officer
$90,568 $0 $90,568
Christina Haigh Secretary 5.00
Officer Director
$0 $0 $0
RICHARD EGGERS Treasurer 1.00
Officer Director
$0 $0 $0
AMANDA PAGAN-GLASS President 5.00
Officer Director
$0 $0 $0
Gina Guadagnino Vice President 1.00
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 $567,738 $633,638 $820,731 $-65,900
2023 $572,551 $604,110 $888,272 $-31,559
2022 $554,511 $688,193 $919,171 $-133,682
2021 $275,766 $533,683 $1,049,487 $-257,917
2020 $550,677 $571,679 $1,294,143 $-21,002
2019 $551,952 $637,680 $1,340,305 $-85,728
2018 $510,342 $621,516 $1,417,831 $-111,174
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