Middleburgh Library Association

EIN: 141397376 501(c)(3) Education

Middleburgh, NY

Total Revenue
$269,492
Total Expenses
$268,760
Total Assets
$1,601,786
Net Assets
$1,601,518
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
Kelly Rossmann
Phone
5188275142
Tax Period
2024-01-01 to 2024-12-31

Middleburgh Library Association, founded in 2000, is a small nonprofit in the Education sector that reported $269K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $1.6M represent 71 months of operating reserves.

Mission

Provide free lending of books. Supplements the local school to further education of students. Provides personnel to distribute books, receive returns and conduct general management. Provides computer technology service, publically provided genealogical information and other research services.

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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 $228,338
Program Service Revenue $1,572
Investment Income $14,356
Other Revenue $25,226
TOTAL REVENUE $269,492

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,069
Fundraising Expenses $3,965
Program Expenses $235,968
Other Expenses $153,691
TOTAL EXPENSES $268,760

Year-over-Year Comparison

2024 2023 Change
Revenue $269,492 $248,815 +0.1%
Expenses $268,760 $270,773 0.0%
Net Income $732 $-21,958 -1.0%
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

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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
11
Independent Members
11
Employees
9
Volunteers
N/A

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Stewart Co-President N/A
Officer Director
$0 $0 $0
Kelly Rossman Co-President N/A
Officer Director
$0 $0 $0
Carolyn Foland Secretary N/A
Officer Director
$0 $0 $0
Katie Hagan Treasurer N/A
Officer Director
$0 $0 $0
Juanita Reyes Trustee N/A
Director
$0 $0 $0
Scott Keidong Trustee N/A
Director
$0 $0 $0
Sarah Hunt Trustee N/A
Director
$0 $0 $0
Marilyn Wyman Trustee N/A
Director
$0 $0 $0
Deborah Brigadier Trustee N/A
Director
$0 $0 $0
Scott Walsh Trustee N/A
Director
$0 $0 $0
Leanne Baker Trustee N/A
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 $269,492 $268,760 $1,601,786 $732
2023 $248,815 $270,773 $1,558,704 $-21,958
2022 $275,832 $243,246 $1,528,888 $32,586
2021 $222,546 $222,212 $1,510,699 $334
2020 $202,385 $194,371 $1,473,119 $8,014
2019 $273,386 $242,315 $1,526,536 $31,071
2018 $218,956 $239,338 $1,528,931 $-20,382
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