CORTLAND FREE LIBRARY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

LAUREN MOSSOTTI-KLINE

Phone

6077531042

Tax Period

2023-01-01 to 2023-12-31

CORTLAND FREE LIBRARY, founded in 1925, is a small nonprofit in the Education sector that reported $713K in total revenue in fiscal year 2023. Expenses of $672K left a modest 6% surplus.

Mission

PROVIDING INFORMATION, MATERIALS, AND PROGRAMS THAT EDUCATE, INSPIRE, ENRICH, ENTERTAIN AND INFORM; PROMOTING THE TOOLS, SKILLS, AND TECHNIQUES FOR LITERACY DEVELOPMENT, LANGUAGE SKILL ACQUISITION, LIFELONG LEARNING, RECREATION, AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $579,067 Revenue: $15,270

Association library services and programs provided, including the loan of approximately 90,000 catalogued items to 9,800 registered borrowers in the local area.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $488,020

Program Service Revenue $15,270

Investment Income $208,904

Other Revenue $987

TOTAL REVENUE $713,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,569

Fundraising Expenses $0

Program Expenses $579,067

Other Expenses $298,165

TOTAL EXPENSES $671,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,181	$739,039	0.0%
Expenses	$671,734	$654,981	+0.0%
Net Income	$41,447	$84,058	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINA PETRELLA	Trustee	0.00	Director	$0	$0	$0
Julie Campbell	Trustee	0.00	Director	$0	$0	$0
MIKE ANDERSON	Secretary	0.00	Officer Director	$0	$0	$0
GLENN REISWEBER	Trustee	0.00	Director	$0	$0	$0
JOHN HOESCHELE	Vice President	0.00	Officer Director	$0	$0	$0
BONNIE HAINES	Trustee	0.00	Director	$0	$0	$0
Kathleen Hennessy	Trustee	0.00	Director	$0	$0	$0
Dr Mark Martin	Trustee	0.00	Director	$0	$0	$0
LAUREN MOSSOTTI-KLINE	President	0.00	Officer Director	$0	$0	$0
KIM HAY	Trustee	0.00	Director	$0	$0	$0
BRYAN RICCARDI	Trustee	0.00	Director	$0	$0	$0
LIZ COLE	Trustee	0.00	Director	$0	$0	$0
MARK WEBSTER	Treasurer	0.00	Officer Director	$0	$0	$0
MYRON WALTER	Trustee	0.00	Director	$0	$0	$0
EUGENE WALDBAUER	Trustee	0.00	Director	$0	$0	$0
JEN GRANEY	LIBRARYDIRECTOR	37.50	Officer	$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	$713,181	$671,734	$6,295,417	$41,447
2022	$739,039	$654,981	$5,420,431	$84,058
2021	$777,444	$651,227	$5,937,679	$126,217
2020	$730,258	$602,379	$5,544,831	$127,879
2019	$581,986	$555,054	$5,292,952	$26,932
2018	$560,928	$579,918	$4,669,003	$-18,990