Elting Memorial Library

EIN: 141364515 501(c)(3) Education

New Paltz, NY

Total Revenue
$944,784
Total Expenses
$766,649
Total Assets
$3,923,300
Net Assets
$3,916,916
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1909
Legal Domicile
NY
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

The library's extensive materials, music and movies. The Library also provides study space and Elting Memorial Library collections, unique historical holdings, cultural programs, services, and events, are provided in a welcoming and inclusive atmosphere. Elting is a community-centric library, offering access to a broad range of information, digital and traditional reading and audio materials, free Wi-Fi, personalized technology help, a Library of Things, computers on site and tablets for borrowing, a thriving local history room, educational and entertaining programs for all age groups, along with inviting spaces for individuals and groups to work and meet. There were approximately 57,000 library visits in 2024.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
16
Independent Members
16
Employees
16
Volunteers
75

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
0
$0
Total Directors
18
$87,002
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Elting Memorial Library with other nonprofits in New York and across the country.