Elting Memorial 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

1909

Legal Domicile

Principal Officer

Richard Heyl De Ortiz

Phone

8453921991

Tax Period

2024-01-01 to 2024-12-31

Elting Memorial Library, founded in 1909, is a small nonprofit in the Education sector that reported $945K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $178K, a strong 19% operating margin.

Mission

Elting Memorial Library's mission is to promote literacy, build community, and inspire lifelong learning.

Program Service Accomplishments

Program 1

Expenses: $524,286

Elting's 7,410 Cardholders have access to print and electronic public access to the internet and printing services, and is a passport acceptance location. The Haviland-Heidgerd Historical Collection provides access to property and family histories and collaborates with local organizations on historical programs and resources

Program 2

Expenses: $8,506

Children and Teen Programming: All ages benefit from programs which focus on sharing topical information and shared activities. Storytimes, game nights, mini golf, and summer reading are examples

Program 3

Expenses: $5,279

Adult Programming: Adults can gather to build community and learn together. The book club, knitting, author talks, and presentations are examples.

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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 $831,901

Program Service Revenue $33,892

Investment Income $78,731

Other Revenue $260

TOTAL REVENUE $944,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $479,856

Fundraising Expenses $72,492

Program Expenses $538,071

Other Expenses $286,793

TOTAL EXPENSES $766,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$944,784	$831,248	+0.1%
Expenses	$766,649	$1,012,265	-0.2%
Net Income	$178,135	$-181,017	-2.0%

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

$87,002

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Crystal Middleton	Director	40.00	Director	$51,404	$0	$51,404
Stephen Cook	Director	40.00	Director	$35,598	$0	$35,598
Richard Heyl de Ortiz	President	10.00	Director	$0	$0	$0
Christine Wesserling	Treasurer	10.00	Director	$0	$0	$0
June Wheeler	Vice President	10.00	Director	$0	$0	$0
Hilary Cloos	Vice President	2.00	Director	$0	$0	$0
Stephen Bergstein	Secretary	10.00	Director	$0	$0	$0
Tricia Bowen	Trustee	2.00	Director	$0	$0	$0
Ron Fields	Trustee	2.00	Director	$0	$0	$0
Claudia Goldstein	Trustee	2.00	Director	$0	$0	$0
Misha Harnick	Trustee	2.00	Director	$0	$0	$0
Laurie Hlavaty	Trustee	2.00	Director	$0	$0	$0
Anina Ma	Trustee	2.00	Director	$0	$0	$0
Octavia Nicholas	Trustee	2.00	Director	$0	$0	$0
Tom Rocco	Trustee	2.00	Director	$0	$0	$0
Linda Welles	Trustee	2.00	Director	$0	$0	$0
Rachelle Gibson	Director	2.00	Director	$0	$0	$0
Sol Mora	Director	2.00	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	$944,784	$766,649	$3,923,300	$178,135
2023	$831,248	$1,012,265	$3,758,936	$-181,017
2022	$782,490	$809,257	$3,949,481	$-26,767
2021	$733,793	$778,467	$3,977,429	$-44,674
2020	$672,823	$669,247	$4,083,974	$3,576
2019	$669,705	$667,621	$4,014,673	$2,084
2018	$1,654,891	$655,752	$4,031,802	$999,139