PATTERSON LIBRARY

EIN: 146022764 501(c)(3) Education

PATTERSON, NY

Total Revenue
$1,111,299
Total Expenses
$963,240
Total Assets
$2,363,597
Net Assets
$2,139,883
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
RUTH MCGOLDRICK
Phone
8458786121
Tax Period
2023-01-01 to 2023-12-31

PATTERSON LIBRARY, founded in 1984, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $963K left a modest 13% surplus.

Mission

THE PATTERSON LIBRARY PROVIDES MATERIALS, INFORMATION SERVICES AND PROGRAMS TO PROMOTE INFORMED CITIZENSHIP AND LIFE-LONG LEARNING. THE LIBRARY IS COMMITTED TO MEETING THE PERSONAL AND PROFESSIONAL NEEDS OF THE COMMUNITY RESIDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,089,655
Program Service Revenue $0
Investment Income $21,644
Other Revenue $0
TOTAL REVENUE $1,111,299

Expense Breakdown

Grants Paid $0
Salaries & Benefits $641,967
Fundraising Expenses $12,557
Program Expenses $704,181
Other Expenses $321,273
TOTAL EXPENSES $963,240

Year-over-Year Comparison

2023 2022 Change
Revenue $1,111,299 $1,118,715 0.0%
Expenses $963,240 $959,972 +0.0%
Net Income $148,059 $158,743 -0.1%
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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Governance

Voting Members
11
Independent Members
6
Employees
26
Volunteers
28

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
4
$0
Total Directors
12
$99,442
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE HARRISON DIRECTOR 35.00
Director
$99,442 $0 $99,442
REBECCA CUTRERA TRUSTEE N/A
Director
$0 $0 $0
GEORGE M DISBROW VICE PRESIDE N/A
Officer Director
$0 $0 $0
DONALD FERRARO PRESIDENT N/A
Officer Director
$0 $0 $0
JUDY FERRARO SECRETARY N/A
Officer Director
$0 $0 $0
CATHERINE HALKETT TRUSTEE N/A
Director
$0 $0 $0
RUTH MCGOLDRICK TREASURER N/A
Officer Director
$0 $0 $0
AMANDA OPROMOLLA TRUSTEE N/A
Director
$0 $0 $0
DENISE OPROMOLLA TRUSTEE N/A
Director
$0 $0 $0
GABRIELLA SMITH TRUSTEE N/A
Director
$0 $0 $0
MINDY STOCKFIELD TRUSTEE N/A
Director
$0 $0 $0
DEBORAH WEISEL 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
2024 No data No data No data No data
2023 $1,111,299 $963,240 $2,363,597 $148,059
2022 $1,118,715 $959,972 $2,273,627 $158,743
2021 $1,053,140 $852,810 $2,129,962 $200,330
2020 $939,125 $851,467 $2,068,829 $87,658
2019 $957,645 $919,392 $1,900,416 $38,253
2018 $961,494 $950,295 $1,905,342 $11,199
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