RUTH KEELER MEMORIAL LIBRARY

EIN: 136181407 501(c)(3) Education

NORTH SALEM, NY

Total Revenue
$736,553
Total Expenses
$655,532
Total Assets
$1,809,553
Net Assets
$1,803,495
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
JACQUELINE FISHER
Phone
9146695161
Tax Period
2025-01-01 to 2025-12-31

RUTH KEELER MEMORIAL LIBRARY, founded in 1965, is a small nonprofit in the Education sector that reported $737K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $656K left a modest 11% surplus.

Mission

The Ruth Keeler Memorial Library is an educational and cultural center for the North Salem community, serving residents from infants to senior citizens with print and multimedia resources as well as enriching programs. The library seeks to encourage an informed and connected community by promoting the joy of reading, Internet literacy, and by offering art and cultural events in a welcoming environment.

Program Service Accomplishments

Program 1
Expenses: $521,241 Revenue: $844

The library circulated thousands of books, audio/visual materials and magazines free of charge to North Salem library cardholders; presented many free cultural programs for all ages; and cooperated...

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The library circulated thousands of books, audio/visual materials and magazines free of charge to North Salem library cardholders; presented many free cultural programs for all ages; and cooperated with other non-profit groups in North Salem to expand its and their cultural offerings.

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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 (2025)

Revenue Breakdown

Contributions & Grants $621,289
Program Service Revenue $844
Investment Income $99,377
Other Revenue $15,043
TOTAL REVENUE $736,553

Expense Breakdown

Grants Paid $0
Salaries & Benefits $347,558
Fundraising Expenses $49,707
Program Expenses $521,241
Other Expenses $307,974
TOTAL EXPENSES $655,532

Year-over-Year Comparison

2025 2024 Change
Revenue $736,553 $640,904 +0.1%
Expenses $655,532 $522,278 +0.3%
Net Income $81,021 $118,626 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
9
Volunteers
50

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHLEEN SULLI LIBRARY DIRECTOR 35.00
$100,490 $10,049 $110,539
EDRIS SCHERER Treasurer 4.00
Officer Director
$0 $0 $0
VIRGINIA CONNOLLY Trustee 4.00
Director
$0 $0 $0
LINDA GROSS Secretary 4.00
Officer Director
$0 $0 $0
SARA LYONS DAVIS Vice President 4.00
Officer Director
$0 $0 $0
JOHN ROACH Trustee 4.00
Director
$0 $0 $0
KIM HARVIE Trustee 4.00
Director
$0 $0 $0
PATTY KRAVIT Trustee 4.00
Director
$0 $0 $0
ANITA ZANDER Trustee 4.00
Director
$0 $0 $0
JACQUELINE FISHER President 4.00
Officer Director
$0 $0 $0
ANDREW NORTHSHIELD Trustee 4.00
Director
$0 $0 $0
JEN ARMBRUSTER Trustee 4.00
Director
$0 $0 $0
MICHELLE PETERS Trustee 4.00
Director
$0 $0 $0
BILL SHEA Trustee 4.00
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 $736,553 $655,532 $1,809,553 $81,021
2024 $640,904 $522,278 $1,693,254 $118,626
2023 $594,162 $514,048 $1,552,396 $80,114
2022 $595,915 $541,369 $1,430,391 $54,546
2021 $619,529 $482,775 $1,508,193 $136,754
2020 $555,741 $461,773 $1,325,986 $93,968
2019 $513,581 $478,849 $1,224,659 $34,732
2018 $473,615 $517,991 $1,152,575 $-44,376
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