FAYETTEVILLE FREE LIBRARY

EIN: 150543618 501(c)(3) Education

FAYETTEVILLE, NY

Total Revenue
$2,226,982
Total Expenses
$2,255,225
Total Assets
$4,021,010
Net Assets
$2,932,682
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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
1906
Legal Domicile
NY
Principal Officer
HEATHER MATZEL
Phone
3156376374
Tax Period
2024-07-01 to 2025-06-30

FAYETTEVILLE FREE LIBRARY, founded in 1906, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

THE FAYETTEVILLE FREE LIBRARY SUPPORTS THE EVOLVING NEEDS OF THE LOCAL COMMUNITY BY PROVIDING EQUITABLE ACCESS TO IDEAS, INFORMATION AND RESOURCES NEEDED FOR SUCCESS IN THE 21ST CENTURY LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,086,661
Program Service Revenue $37,760
Investment Income $102,561
Other Revenue $0
TOTAL REVENUE $2,226,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,426,261
Fundraising Expenses $0
Program Expenses $1,826,504
Other Expenses $828,964
TOTAL EXPENSES $2,255,225

Year-over-Year Comparison

2024 2023 Change
Revenue $2,226,982 $2,217,225 +0.0%
Expenses $2,255,225 $2,183,393 +0.0%
Net Income $-28,243 $33,832 -1.8%
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
9
Independent Members
9
Employees
28
Volunteers
80

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA WHIPPS SECRETARY 1.00
Officer Director
$0 $0 $0
WILLIAM SUNDERLIN TRUSTEE 1.00
Director
$0 $0 $0
MIKE RUSSELL TREASURER 1.00
Officer Director
$0 $0 $0
ADAM STONE TRUSTEE 1.00
Director
$0 $0 $0
KAYANDRA BLYTHE TRUSTEE 1.00
Director
$0 $0 $0
JIM RESIG TRUSTEE 1.00
Director
$0 $0 $0
WHITNEY SHEPHARD PRESIDENT 3.00
Officer Director
$0 $0 $0
JESSICA BERG VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PATRICK GRIFFIN TRUSTEE 1.00
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
2025 $2,226,982 $2,255,225 $4,021,010 $-28,243
2024 $2,217,225 $2,183,393 $3,557,650 $33,832
2023 $3,290,414 $2,220,208 $3,672,251 $1,070,206
2022 $1,987,152 $2,013,480 $2,566,470 $-26,328
2021 $1,943,538 $1,951,216 $2,657,180 $-7,678
2020 $1,935,619 $1,889,915 $2,366,350 $45,704
2019 $1,942,819 $1,971,015 $2,402,654 $-28,196
2018 $1,885,636 $1,967,842 $2,482,971 $-82,206
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