NORTHERN NEW YORK LIBRARY NETWORK

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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

1965

Legal Domicile

Principal Officer

MARGARET E BACKUS

Phone

3152651119

Tax Period

2024-07-01 to 2025-06-30

NORTHERN NEW YORK LIBRARY NETWORK, founded in 1965, is a small nonprofit in the Education sector that reported $876K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE NORTHERN NEW YORK LIBRARY NETWORK IS A REGIONAL NON-PROFIT MULTI-TYPE LIBRARY AGENCY DEDICATED TO DISTRIBUTING RESOURCES AND SERVICES AMONG ITS MEMBERS IN THE 10,636 SQUARE MILE, SEVEN-COUNTY AREA KNOWN AS THE NORTH COUNTRY. MEMBER ORGANIZATIONS INCLUDE ALL TYPES OF LIBRARIES: ACADEMICS, SCHOOL (P-12), PUBLIC, ARCHIVES, AND SPECIAL LIBRARIES.

Program Service Accomplishments

Program 1

Expenses: $871,538 Revenue: $100,208

PROVIDE COLLABORATION AND SUPPORT TO HELP MEMBERS MEET THEIR INDIVIDUAL GOALS, FOR THE ULTIMATE BENEFIT OF THE LIBRARY USER. SERVICES INCLUDE ELECTRONIC RESOURCE SHARING PROGRAMS, ACCESS TO...

PROVIDE COLLABORATION AND SUPPORT TO HELP MEMBERS MEET THEIR INDIVIDUAL GOALS, FOR THE ULTIMATE BENEFIT OF THE LIBRARY USER. SERVICES INCLUDE ELECTRONIC RESOURCE SHARING PROGRAMS, ACCESS TO DIGITIZATION EQUIPMENT, SPECIALIZED MEDICAL INFORMATION SERVICES, A REGIONAL CATALOG AND GROUND DELIVERY, COORDINATED COLLECTION DEVELOPMENT AMONG ACADEMIC LIBRARIES, PROFESSIONAL TRAINING PROGRAMS, PROJECT GRANTS AND TRAVEL GRANTS, AND ACCESS TO AN ATTORNEY FOR TIMELY INPUT ON INTELLECTUAL PROPERTY, VENDOR CONTRACTS, FIRST AMENDMENT, CIVIL RIGHTS, EMPLOYMENT LAW, AND OTHER LEGAL MATTERS THAT IMPACT LIBRARY OPERATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $744,759

Program Service Revenue $94,208

Investment Income $3,786

Other Revenue $32,900

TOTAL REVENUE $875,653

Expense Breakdown

Grants Paid $63,837

Salaries & Benefits $590,540

Fundraising Expenses $0

Program Expenses $871,538

Other Expenses $435,881

TOTAL EXPENSES $1,090,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$875,653	$1,054,099	-0.2%
Expenses	$1,090,258	$1,137,466	0.0%
Net Income	$-214,605	$-83,367	+1.6%

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

$164,698

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN ADAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACQUELINE MADISON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY OWEN HASTINGS	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN CREE	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA CLEMONS	TRUSTEE	1.00	Director	$0	$0	$0
AMY BEDARD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SPOFFORD	TRUSTEE	1.00	Director	$0	$0	$0
JILL DABY	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD KOMARA	TRUSTEE	1.00	Director	$0	$0	$0
PAULETTE ROES	TRUSTEE	1.00	Director	$0	$0	$0
SARAH WEISMAN	TRUSTEE	1.00	Director	$0	$0	$0
CORI WILHELM	TRUSTEE	1.00	Director	$0	$0	$0
JOHN PAYNE	TRUSTEE	1.00	Director	$0	$0	$0
ALLISON COMES	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET E BACKUS	EXECUTIVE DIRECTOR	35.00	Officer	$123,035	$41,663	$164,698

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	$875,653	$1,090,258	$1,193,934	$-214,605
2024	$1,054,099	$1,137,466	$1,383,707	$-83,367
2023	$1,017,840	$1,262,567	$1,496,279	$-244,727
2022	$1,348,429	$1,401,744	$1,704,396	$-53,315
2021	$1,118,553	$970,357	$1,671,402	$148,196
2020	$1,207,425	$1,031,462	$1,530,394	$175,963
2019	$1,128,289	$1,062,505	$1,311,586	$65,784
2018	$1,115,422	$1,196,158	$1,238,943	$-80,736