SARANAC LAKE FREE LIBRARY

EIN: 150539121 501(c)(3) Education

SARANAC LAKE, NY

Total Revenue
$780,703
Total Expenses
$510,588
Total Assets
$2,504,229
Net Assets
$2,503,439
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
NY
Principal Officer
DAVISON MACKENZIE
Phone
5188914190
Tax Period
2023-01-01 to 2023-12-31

SARANAC LAKE FREE LIBRARY, founded in 1907, is a small nonprofit in the Education sector that reported $781K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 35% operating margin.

Mission

TO PROVIDE EDUCATIOAL AND INFORMATION SERVICES TRADITIONAL TO A COMMUNITY LIBRARY TO RESIDENTS OF THE GREATER SARANAC LAKE REGION.

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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 $710,390
Program Service Revenue $2,387
Investment Income $54,648
Other Revenue $13,278
TOTAL REVENUE $780,703

Expense Breakdown

Grants Paid $0
Salaries & Benefits $337,514
Fundraising Expenses $0
Program Expenses $329,871
Other Expenses $173,074
TOTAL EXPENSES $510,588

Year-over-Year Comparison

2023 2022 Change
Revenue $780,703 $584,783 +0.3%
Expenses $510,588 $495,028 +0.0%
Net Income $270,115 $89,755 +2.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
11
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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUSTIN WENDY TRUSTEE N/A
Director
$0 $0 $0
BATES ANGELA SECRETARY N/A
Officer Director
$0 $0 $0
CLARK LIBBY TRUSTEE N/A
Director
$0 $0 $0
DAVISON MACKENZIE PRESIDENT N/A
Officer Director
$0 $0 $0
HENDERSON TRACEY TRUSTEE N/A
Director
$0 $0 $0
KELLY ANDREW TRUSTEE N/A
Director
$0 $0 $0
LAWRENCE CHRISTINA TRUSTEE N/A
Director
$0 $0 $0
MARINE MACKENZIE TRUSTEE N/A
Director
$0 $0 $0
PFAFF AURORA WHEELER TRUSTEE N/A
Director
$0 $0 $0
ROSSI JODI TRUSTEE N/A
Officer Director
$0 $0 $0
STASZAK DAVID TREASURER N/A
Officer Director
$0 $0 $0
SZWED BERYL VICE PRESIDE N/A
Officer Director
$0 $0 $0
VAN ETTEN TIFFANY 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $780,703 $510,588 $2,504,229 $270,115
2022 $584,783 $495,028 $2,129,382 $89,755
2021 $574,512 $424,070 $2,349,210 $150,442
2020 $526,557 $431,594 $2,171,220 $94,963
2019 $471,213 $415,977 $1,998,916 $55,236
2018 $446,967 $402,052 $1,794,178 $44,915
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