ALTAMONT FREE LIBRARY ASSOCIATION (EIN 141437549) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1916

Legal Domicile

Principal Officer

RAELEE GRIMM

Phone

5188617239

Tax Period

2025-01-01 to 2025-12-31

ALTAMONT FREE LIBRARY ASSOCIATION, founded in 1916, is a small nonprofit that reported $225K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $1.2M represent 67 months of operating reserves.

Mission

COMMUNITY LIBRARY SERVICES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $47,690

Program Service Revenue $146,399

Investment Income $11,793

Other Revenue $19,525

TOTAL REVENUE $225,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,522

Fundraising Expenses $0

Program Expenses $210,972

Other Expenses $103,807

TOTAL EXPENSES $226,329

Year-over-Year Comparison

	2025	2024	Change
Revenue	$225,407	$202,625	+0.1%
Expenses	$226,329	$196,654	+0.2%
Net Income	$-922	$5,971	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$70,746

Total Directors

$70,746

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BURKE	DIRECTOR	40.00	Officer Director	$70,746	$0	$70,746
CHRISTINE CARPENTER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DEBBIE EVANS	TREASURER	N/A	Officer Director	$0	$0	$0
MALLORY FREMGEN	TRUSTEE	N/A	Director	$0	$0	$0
RAELEE GRIMM	PRESIDENT	N/A	Officer Director	$0	$0	$0
RACHEL LANE	TRUSTEE	N/A	Director	$0	$0	$0
TRACY MAYER	TRUSTEE	N/A	Officer Director	$0	$0	$0
KATHERINE NELSON	SECRETARY	N/A	Officer Director	$0	$0	$0
JEFF PERLEE	TRUSTEEE	N/A	Director	$0	$0	$0
PAUL SCILOPTI	ASST TREASUR	N/A	Officer Director	$0	$0	$0
REBECCA STUMPF	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
2025	$225,407	$226,329	$1,270,019	$-922
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$189,310	$194,507	$1,295,946	$-5,197
2022	$182,902	$177,481	$1,316,470	$5,421
2021	$164,496	$184,172	$1,326,448	$-19,676
2020	$177,087	$173,147	$1,364,711	$3,940
2019	$171,325	$179,626	$1,375,338	$-8,301
2018	$174,844	$184,224	$1,398,826	$-9,380

ALTAMONT FREE LIBRARY ASSOCIATION