KINDERHOOK MEMORIAL LIBRARY (EIN 141405453) - Form 990 Financial Analysis & Trantor Score

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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

1951

Legal Domicile

Principal Officer

MATTHEW PAVLOFF

Phone

5187586192

Tax Period

2023-01-01 to 2023-12-31

KINDERHOOK MEMORIAL LIBRARY, founded in 1951, is a small nonprofit in the Education sector that reported $443K in total revenue in fiscal year 2023. Expenses of $508K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE LIBRARY SERVES TO ENRICH THE QUALITY OF LIFE FOR A DIVERSE AND GROWING CONSTITUENCY OF ALL AGES BY PROVIDING RESOURCES AND SERVICES WHICH CONTRIBUTE TO INDIVIDUAL LITERACY, EDUCATION, AND ENTERTAINMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $427,299

Program Service Revenue $518

Investment Income $15,024

Other Revenue $0

TOTAL REVENUE $442,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,265

Fundraising Expenses $19,994

Program Expenses $386,318

Other Expenses $238,511

TOTAL EXPENSES $507,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,841	$421,830	+0.0%
Expenses	$507,776	$489,774	+0.0%
Net Income	$-64,935	$-67,944	0.0%

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

$67,573

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA ALTMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRAD LOHRENZ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MATTHEW PAVLOFF	EXECUTIVE DIRECTOR	40.00	Officer	$66,248	$1,325	$67,573
MARIAN SOLE	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTINA SCOTT	SECRETARY	5.00	Officer Director	$0	$0	$0
SETH AGATA	TRUSTEE	5.00	Director	$0	$0	$0
KEVIN GILRAIN	TRUSTEE	5.00	Director	$0	$0	$0
ROBERTA BALDINI	TRUSTEE	5.00	Director	$0	$0	$0
ANN BIRCKMAYER	TRUSTEE	5.00	Director	$0	$0	$0
JODIE CORNGOLD	TRUSTEE	5.00	Director	$0	$0	$0
SHARON JENSEN	TRUSTEE	5.00	Director	$0	$0	$0
BERNADETTE POWIS	TRUSTEE	5.00	Director	$0	$0	$0
MARISA ROTHSTEIN	TRUSTEE	5.00	Director	$0	$0	$0
KATHRYN SCHNEIDER	TRUSTEE	5.00	Director	$0	$0	$0
FRANK JAMES TUTTLE	TRUSTEE	5.00	Director	$0	$0	$0
AMY ABBATI	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$442,841	$507,776	$2,735,021	$-64,935
2022	$421,830	$489,774	$2,712,654	$-67,944
2021	$388,945	$452,844	$2,817,896	$-63,899
2020	$394,815	$427,117	$2,883,849	$-32,302
2019	$440,790	$423,986	$2,910,360	$16,804
2018	$1,002,863	$340,081	$2,995,976	$662,782

KINDERHOOK MEMORIAL LIBRARY