NEW YORK LIBRARY ASSOCIATION

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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

1929

Legal Domicile

Principal Officer

ARLENE LAVERDE

Phone

5184326952

Tax Period

2024-07-01 to 2025-06-30

NEW YORK LIBRARY ASSOCIATION, founded in 1929, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 14% surplus.

Mission

THE MISSION OF THE NEW YORK LIBRARY ASSOCIATION (NYLA) IS TO LEAD, EDUCATE, AND ADVOCATE FOR THE ADVANCEMENT OF THE NEW YORK LIBRARY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $301,161 Revenue: $568,723

THE ANNUAL CONFERENCE AND TRADE SHOW, HELD EACH OCTOBER/NOVEMBER AROUND THE STATE, IS THE LARGEST STATE LIBRARY ASSOCIATION CONFERENCE HELD ON THE EAST COAST OFFERING A WIDE VARIETY OF PROGRAMS...

THE ANNUAL CONFERENCE AND TRADE SHOW, HELD EACH OCTOBER/NOVEMBER AROUND THE STATE, IS THE LARGEST STATE LIBRARY ASSOCIATION CONFERENCE HELD ON THE EAST COAST OFFERING A WIDE VARIETY OF PROGRAMS, SPECIAL EVENTS, NETWORKING OPPORTUNITIES, AND VENDOR DISPLAYS. THE NYLA ANNUAL CONFERENCE AND TRADE SHOW OFFERS EDUCATIONAL OPPORTUNITIES FOR ALL SEGMENTS OF THE LIBRARY COMMUNITY FROM LIBRARY STAFF TO TRUSTEES

Program 2

Expenses: $408,697 Revenue: $118,456

COMMITTEES, SECTIONS & ROUNDTABLES- COMPONENT UNITS OF NYLA WHICH ARE ORGANIZED BY NYLA MEMBERSHIP TO ADDRESS SPECIFIC MEMBER ISSUES WITHIN THE INDUSTRY. CONTINUING EDUCATION, EDUCATIONAL LEADERSHIP, BULLETIN AND DIRECTORY - TO PROVIDE CONTINUING EDUCATION TO MEMBERS AND TO MAINTAIN A HIGH LEVEL OF AWARENESS AMONG MEMBERS OF THE ASSOCIATION AND COMMUNICATE VARIOUS CONTINUING DEVELOPMENTS. SCHOLARSHIPS - PROVIDE FINANCIAL ASSISTANCE TO ENABLE AN INTERESTED AND DESERVING STUDENT TO PURSUE A MASTER'S DEGREE IN LIBRARY SCIENCE AT AN ALA-ACCREDITED LIBRARY SCHOOL IN NEW YORK STATE. ADVOCACY - WORKING TO ENSURE STABLE AND SUSTAINABLE LIBRARY FUNDING.

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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 $536,571

Program Service Revenue $687,179

Investment Income $117,507

Other Revenue $0

TOTAL REVENUE $1,341,257

Expense Breakdown

Grants Paid $15,580

Salaries & Benefits $441,695

Fundraising Expenses $46,320

Program Expenses $709,858

Other Expenses $699,858

TOTAL EXPENSES $1,157,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,341,257	$1,093,626	+0.2%
Expenses	$1,157,133	$1,070,327	+0.1%
Net Income	$184,124	$23,299	+6.9%

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

125

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

$120,149

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM SPINDLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GINGER TEBO	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
LISA G KROPP	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK MCKENNA	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW BOLLERMAN	TREASURER-ELECT	1.00	Officer Director	$0	$0	$0
KETURAH CAPPADONIA	ALA CHAPTER COUNCILOR	1.00	Director	$0	$0	$0
RYAN PERRY	DIRECTOR	1.00	Director	$0	$0	$0
JERRIE GRANTHAM	DIRECTOR	1.00	Director	$0	$0	$0
SARAH O'SHEA	DIRECTOR	1.00	Director	$0	$0	$0
JEAN CURRIE	DIRECTOR	1.00	Director	$0	$0	$0
INDIRA MUKHERJEE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA REGITANO	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE LAIOSA	DIRECTOR	1.00	Director	$0	$0	$0
LORIANA DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN KENNEY	DIRECTOR	1.00	Director	$0	$0	$0
KERRIE BURCH	DIRECTOR	1.00	Director	$0	$0	$0
RAKISHA KEARNS-WHITE	DIRECTOR	1.00	Director	$0	$0	$0
SUE LUDINGTON	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA MERCADO	DIRECTOR	1.00	Director	$0	$0	$0
ANNALEE DRAGON	EXECUTIVE DIRECTOR	40.00	Officer	$103,365	$16,784	$120,149

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	$1,341,257	$1,157,133	$2,418,119	$184,124
2024	$1,093,626	$1,070,327	$2,180,735	$23,299
2023	$792,632	$1,036,520	$2,033,830	$-243,888
2022	$660,902	$756,172	$2,111,602	$-95,270
2021	$758,566	$642,999	$2,501,565	$115,567
2020	$1,071,371	$1,095,314	$2,121,070	$-23,943
2019	$1,395,107	$1,339,388	$2,288,032	$55,719
2018	$1,285,142	$1,291,556	$2,281,602	$-6,414