FRIENDS OF THE POUGHKEEPSIE PUBLIC… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

CHRISTINE CUTTLER

Phone

8454853445

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE POUGHKEEPSIE PUBLIC LIBRARY DISTRICT INC, founded in 2001, is a small nonprofit in the Education sector that reported $294K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 40% operating margin.

Mission

THE FRIENDS OF THE POUGHKEEPSIE PUBLIC LIBRARY DISTRICTS MISSION IS TO PROVIDE AN ASSOCIATION FOR PERSONS INTERESTED IN THE POUGHKEEPSIE PUBLIC LIBRARY DISTRICT; TO PROMOTE THE IMPORTANCE OF THE LIBRARY AS AN INFORMATIONAL AND CULTURAL FORCE IN THE COMMUNITY; TO DEVELOP A THOROUGH UNDERSTANDING OF THE LIBRARYS RESPONSIBILITIES, LIMITATIONS, AND DIFFICULTIES; TO MAKE THE PUBLIC AWARE OF THE LIBRARY'S FACILITIES AND TO STIMULATE USE OF THE LIBRARYS SERVICES AND RESOURCES; TO ENCOURAGE SUPPORT OF THE LIBRARY THROUGH GIFTS AND VOLUNTEER SERVICES; AND TO SOLICIT FUNDS FOR THE BENEFIT OF THE POUGHKEEPSIE PUBLIC LIBRARY DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $54,464 Revenue: $212,016

BOOK STORE OPERATION SELLS DONATED BOOKS AND LIBRARY DISCARDS; PROCEEDS SUPPORT AND SPONSOR LIBRARY PROGRAMS AND HELPS THE LIBRARY DISPOSE OF ITS OUTDATED AND UNWANTED BOOKS.

Program 2

Expenses: $85,038

SPONSORSHIP OF LIBRARY PROGRAMS SUCH AS POUGHKEEPSIE "BIG READ" PROGRAM, CHILDREN'S SUMMER READING PROGRAMS, CHILDREN/YOUTH ROOM ACTIVITIES, AUTHOR PRESENTATIONS AND DISCUSSIONS, TOWN STREET...

SPONSORSHIP OF LIBRARY PROGRAMS SUCH AS POUGHKEEPSIE "BIG READ" PROGRAM, CHILDREN'S SUMMER READING PROGRAMS, CHILDREN/YOUTH ROOM ACTIVITIES, AUTHOR PRESENTATIONS AND DISCUSSIONS, TOWN STREET FESTIVAL, CHILDREN'S BOOK FAIR, BOOKMOBILE SUPPORT.

Program 3

Expenses: $15,689

SPONSORSHIP OF ANNUAL APPEAL FUNDRAISER FOR LIBRARY TO RAISE FUNDS FOR ITS ACTIVITIES AND INCREASES PUBLIC AWARENESS OF THE LIBRARY'S NEED FOR PUBLIC FUNDING AND SUPPORT.

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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 $78,566

Program Service Revenue $212,016

Investment Income $3,354

Other Revenue $-127

TOTAL REVENUE $293,809

Expense Breakdown

Grants Paid $96,288

Salaries & Benefits $0

Fundraising Expenses $8,038

Program Expenses $155,191

Other Expenses $80,821

TOTAL EXPENSES $177,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,809	$234,945	+0.3%
Expenses	$177,109	$182,595	0.0%
Net Income	$116,700	$52,350	+1.2%

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

N/A

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
NORMA VAZQUEZ	PRESIDENT	4.00	Officer Director	$0	$0	$0
LEOLA RUFFIN-MCPHEE	VICE-PRESIDE	4.00	Officer Director	$0	$0	$0
CHRISTINE CUTTLER	TREASURER	10.00	Officer Director	$0	$0	$0
JANE BARTIK	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIZABETH MURPHY	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER BERGAMO	BOARD MEMBER	2.00	Director	$0	$0	$0
GAIL BRITTAIN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARET BRITTON	BOARD MEMBER	2.00	Director	$0	$0	$0
ROCHELLE DEWITT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARSHA KRAMER	BOARD MEMBER	2.00	Director	$0	$0	$0
PAMELA WATTS	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY NOVICKI	BOARD MEMBER	2.00	Director	$0	$0	$0
STUART SHINSKE	BOARD MEMBER	2.00	Director	$0	$0	$0
CATHY TEMPLE	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$293,809	$177,109	$486,747	$116,700
2022	$234,945	$182,595	$305,544	$52,350
2021	$238,425	$134,154	$304,380	$104,271

FRIENDS OF THE POUGHKEEPSIE PUBLIC LIBRARY DISTRICT INC