PECK MEMORIAL LIBRARY ASSOCIATION … - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

K CUSICK

Phone

6078496135

Tax Period

2024-01-01 to 2024-12-31

PECK MEMORIAL LIBRARY ASSOCIATION INC, founded in 1971, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 32% operating margin.

Mission

Provides public free access to library materials and promote reading and literacy in the Marathon, NY area.

Program Service Accomplishments

Program 1

Expenses: $101,104 Revenue: $158,815

PUBLIC LIBRARY SERVING NEARLY 1,000 CITIZENS IN MARATHON NY SCHOOL DISTRICT SURROUNDING COMMUNITIES. TOTAL CIRCULATION IS OVER 10,000 ITEMS. TOTAL COLLECTION IS 13,455. THE LIBRARY PROVIDES CHILD...

PUBLIC LIBRARY SERVING NEARLY 1,000 CITIZENS IN MARATHON NY SCHOOL DISTRICT SURROUNDING COMMUNITIES. TOTAL CIRCULATION IS OVER 10,000 ITEMS. TOTAL COLLECTION IS 13,455. THE LIBRARY PROVIDES CHILD ADULT READING PROGRAMS. THE LIBRARY HAS OVER 1,500 REGISTERED BORROWERS AND OVER 13,000 ANNUAL VISITS TO THE LIBRARY. PROGRAMS WERE ATTENDED BY 166 ADULTS, AND 1,286 CHILDREN.

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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 $74,048

Program Service Revenue $84,767

Investment Income $10,493

Other Revenue $0

TOTAL REVENUE $169,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,611

Fundraising Expenses $193

Program Expenses $101,104

Other Expenses $53,366

TOTAL EXPENSES $114,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,308	$100,699	+0.7%
Expenses	$114,977	$108,830	+0.1%
Net Income	$54,331	$-8,131	-7.7%

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
KATHLEEN CUSICK	PRESIDENT	001.00	Officer Director	$0	$0	$0
RICHARD LAMBRECHT	TREASURER	002.00	Officer Director	$0	$0	$0
CONNIE WHITE	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
MARY FRANK	SECRETARY	001.00	Officer Director Key Emp	$0	$0	$0
SHARON TROKANSKI	TRUSTEE	001.00	Director	$0	$0	$0
EILEEN FITZGERALD-SPIEHS	TRUSTEE	001.00	Director	$0	$0	$0
MARILYN NEGUS	TRUSTEE	001.00	Director	$0	$0	$0
CATHY MARICLE	TRUSTEE	001.00	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
2024	$169,308	$114,977	$718,400	$54,331
2023	$100,699	$108,830	$668,333	$-8,131
2022	$99,442	$100,912	$676,191	$-1,470
2021	$95,169	$93,469	$677,545	$1,700
2020	$93,856	$94,851	$675,716	$-995
2019	$125,998	$87,756	$670,162	$38,242
2018	$140,896	$89,771	$643,771	$51,125

PECK MEMORIAL LIBRARY ASSOCIATION INC