PHILLIPS FREE LIBRARY (EIN 150532226) - Form 990 Financial Analysis & Trantor Score

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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

1904

Legal Domicile

Phone

6077494616

Tax Period

2024-07-01 to 2025-06-30

PHILLIPS FREE LIBRARY, founded in 1904, is a small nonprofit in the Education sector that reported $301K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $355K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE LENDING OF READING MATERIALS AND OTHER ITEMS INCLUDED IN THE FINGER LAKES PUBLIC LIBRARY SYSTEM WHICH SERVICES THE LITERACY NEEDS OF THE HOMER NEW YORK AREA

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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 $257,792

Program Service Revenue $1,218

Investment Income $42,307

Other Revenue $0

TOTAL REVENUE $301,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,977

Fundraising Expenses $0

Program Expenses $280,618

Other Expenses $199,323

TOTAL EXPENSES $355,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,317	$270,085	+0.1%
Expenses	$355,300	$280,469	+0.3%
Net Income	$-53,983	$-10,384	+4.2%

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

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
SHARI POWERS	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN BATZER	TRUSTEE	1.00	Director	$0	$0	$0
LINDA ROBISON	TRUSTEE	1.00	Director	$0	$0	$0
HONGLI FAN	TRUSTEE	1.00	Director	$0	$0	$0
STACEY MCCALL	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER BLOCK	TRUSTEE	1.00	Director	$0	$0	$0
NOAH KILMER	TRUSTEE	1.00	Director	$0	$0	$0
ZACK ARTHUR	TREASURER	2.00	Officer	$0	$0	$0
SARAH ROLLER	PRESIDENT	1.00	Officer	$0	$0	$0
KELLEY NADGE BROWN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
OLIVIA SMALL	SECRETARY	1.00	Officer	$0	$0	$0
MARTSJE VANDERSCHAAF-RIEHLMAN	LIBRARIAN	40.00	Key Emp	$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	$301,317	$355,300	$4,171,239	$-53,983
2024	No data	No data	No data	No data
2023	$265,444	$323,017	$3,802,460	$-57,573
2022	$254,921	$289,801	$3,135,086	$-34,880
2021	$252,971	$258,747	$3,251,202	$-5,776
2020	$262,193	$287,459	$2,574,351	$-25,266
2019	$260,735	$261,347	$2,137,322	$-612
2018	$228,298	$247,167	$2,083,945	$-18,869

PHILLIPS FREE LIBRARY