Lake Placid Public 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

1900

Legal Domicile

Principal Officer

Jenifer Briggs

Phone

5185233200

Tax Period

2023-07-01 to 2024-06-30

Lake Placid Public Library, founded in 1900, is a small nonprofit that reported $405K in total revenue in fiscal year 2023. Expenses of $348K left a modest 14% surplus.

Mission

To be the focal point of our community which provides educational, informational, cultural, and recreational material for all.

Program Service Accomplishments

Program 1

Expenses: $320,114 Revenue: $4,923

Providing Educational, Informational and Recreational Material for the enjoyment of our community.

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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 $379,679

Program Service Revenue $4,923

Investment Income $0

Other Revenue $20,199

TOTAL REVENUE $404,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,296

Fundraising Expenses $12,165

Program Expenses $320,114

Other Expenses $104,655

TOTAL EXPENSES $347,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,801	$389,077	+0.0%
Expenses	$347,951	$353,169	0.0%
Net Income	$56,850	$35,908	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha Bullock	President	2.00	Officer Director	$0	$0	$0
Peter Lynch	Vice President	1.00	Officer Director	$0	$0	$0
Jenifer Briggs	Treasurer	0.50	Officer Director	$0	$0	$0
Sandra Danussi	Trustee	0.50	Director	$0	$0	$0
Margaret Dennin	Trustee	0.50	Director	$0	$0	$0
Emily Moulton	Trustee	0.50	Director	$0	$0	$0
Bambi Pedu	Secretary/Librarian	35.00	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
2025	No data	No data	No data	No data
2024	$404,801	$347,951	$617,356	$56,850
2023	$389,077	$353,169	$560,506	$35,908
2022	$344,085	$335,046	$524,598	$9,039
2021	$373,478	$294,842	$515,559	$78,636
2020	$330,074	$300,806	$436,924	$29,268
2019	$342,424	$317,434	$407,985	$24,990