WATERVLIET 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

1974

Legal Domicile

Phone

5182744471

Tax Period

2025-01-01 to 2025-12-31

WATERVLIET PUBLIC LIBRARY, founded in 1974, is a small nonprofit in the Education sector that reported $234K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 25% operating margin.

Mission

THE ORGANIZATION STRIVES TO ENRICH THE LIVES OF PEOPLE OF THE COMMUNITY IN THE CITY OF WATERVLIET.

Program Service Accomplishments

Program 1

Expenses: $174,932 Revenue: $234,088

OPERATE A PUBLIC THAT OFFERS BOOKS AND OTHER MATERIALS TO THE PUBLIC FREE OF CHARGE AND TO SPONSOR AND HOST A VARIETY OF PUBLIC PROGRAMS THAT FOSTER LITERACY AND LEARNING.

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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 $227,888

Program Service Revenue $0

Investment Income $6,200

Other Revenue $0

TOTAL REVENUE $234,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,252

Fundraising Expenses $0

Program Expenses $174,932

Other Expenses $63,680

TOTAL EXPENSES $174,932

Year-over-Year Comparison

	2025	2024	Change
Revenue	$234,088	$322,573	-0.3%
Expenses	$174,932	$223,085	-0.2%
Net Income	$59,156	$99,488	-0.4%

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
TRACY WHEATLEY	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
PRADIP KUMAR	FINANCIAL OFFICER	2.00	Director	$0	$0	$0
DAVID WHEATLEY	TRUSTEE	2.00	Director	$0	$0	$0
MIKE DELAP	VICE PRESIDENT	2.00	Director	$0	$0	$0
AMANDA DELAP	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN MORAN	SECRETARY	2.00	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	$234,088	$174,932	$368,847	$59,156
2024	$322,573	$223,085	$309,691	$99,488
2018	$182,413	$150,389	$175,216	$32,024