Fort Plain Free Library (EIN 141426728) - 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

1900

Legal Domicile

Principal Officer

Rodney Strait

Phone

5189934646

Tax Period

2025-01-01 to 2025-12-31

Fort Plain Free Library, founded in 1900, is a small nonprofit in the Education sector that reported $230K in total revenue in fiscal year 2025. Net assets of $1.6M represent 86 months of operating reserves.

Mission

The library conducts all services and functions incident to any non-profit library in a small town library. The storage, safe keeping and loaning out of books,CDs,DVDs and periodicals to the public. Conducting special programs for patrons of all ages.

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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 (2025)

Revenue Breakdown

Contributions & Grants $189,543

Program Service Revenue $5,391

Investment Income $34,699

Other Revenue $0

TOTAL REVENUE $229,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,067

Fundraising Expenses $0

Program Expenses $230,713

Other Expenses $104,913

TOTAL EXPENSES $233,980

Year-over-Year Comparison

	2025	2024	Change
Revenue	$229,633	$240,174	0.0%
Expenses	$233,980	$240,561	0.0%
Net Income	$-4,347	$-387	+10.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Jones	Board Secretary	1.00	Officer	$0	$0	$0
Rodney Strait	Board President	1.00	Officer	$0	$0	$0
John Kirkpatrick	Financial Officer	3.00	Officer	$0	$0	$0
Eileen Chambers	Trustee	1.00	Director	$0	$0	$0
Thomas Armistead	Trustee	1.00	Director	$0	$0	$0
Lynette Palmeri	Trustee	1.00	Director	$0	$0	$0
Wayne Goodrow	Trustee	1.00	Director	$0	$0	$0
Joseph Palmeri	Board Vice President	1.00	Officer	$0	$0	$0
Whitney Hubbard	Director	40.00	Highest	$49,500	$0	$49,500
Amy Bartholomew	Trusstee	1.00	Director	$0	$0	$0
Chris Resch	Trustee	1.00	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	$229,633	$233,980	$1,648,352	$-4,347
2024	$240,174	$240,561	$1,650,168	$-387
2023	$209,467	$242,008	$1,651,367	$-32,541
2022	$229,031	$218,162	$1,660,570	$10,869
2021	$197,099	$195,874	$1,726,213	$1,225
2020	$141,580	$199,889	$1,721,488	$-58,309
2019	$395,396	$152,629	$1,751,446	$242,767

Fort Plain Free Library