OLD FORGE LIBRARY ASSOCIATION INC (EIN 150582657) - 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

1914

Legal Domicile

Principal Officer

MONA LINCOLN

Phone

3153696008

Tax Period

2023-01-01 to 2023-12-31

OLD FORGE LIBRARY ASSOCIATION INC, founded in 1914, is a small nonprofit in the Education sector that reported $406K in total revenue in fiscal year 2023. The organization ran a surplus of $110K, a strong 27% operating margin.

Mission

PUBLIC LIBRARY - TO PROVIDE LIBRARY SERVICES TO RESIDENTS AND VISITORS TO OLD FORGE, NY, TOWN OF WEBB AREA. BOOKS, MAGAZINES, VIDEO/AUDIO LOAN PROGRAMS, RESEARCH MATERIALS, EDUCATIONAL WORKSHOPS, ENTERTAINMENT, INTERNET ACCESS, ETC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $397,506

Program Service Revenue $0

Investment Income $7,045

Other Revenue $1,908

TOTAL REVENUE $406,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,160

Fundraising Expenses $0

Program Expenses $275,827

Other Expenses $151,166

TOTAL EXPENSES $296,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,459	$376,995	+0.1%
Expenses	$296,326	$252,755	+0.2%
Net Income	$110,133	$124,240	-0.1%

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
ELIZABETH LORENTZEN	TRUSTEE	N/A	Director	$0	$0	$0
LINDA MARTIN	TRUSTEE	N/A	Director	$0	$0	$0
REED PROPER	TRUSTEE	N/A	Director	$0	$0	$0
JOSEPH RINTRONA	TRUSTEE	N/A	Director	$0	$0	$0
KATHLEEN RIVET	TRUSTEE	N/A	Director	$0	$0	$0
SARAH TERPENING	TRUSTEE	N/A	Director	$0	$0	$0
KATHERINE BARTLETT	ASST. TREASU	N/A	Officer	$0	$0	$0
DAVID BERKSTRESSER	VICE PRESIDE	N/A	Officer	$0	$0	$0
JUDY EHRENSBECK	SECRETARY	N/A	Officer	$0	$0	$0
KELLY HUNKINS	PRESIDENT	N/A	Officer	$0	$0	$0
MONA LINCOLN	TREASURER	N/A	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	$406,459	$296,326	$849,485	$110,133
2022	$376,995	$252,755	$729,103	$124,240
2021	$337,161	$207,539	$628,131	$129,622
2020	$247,797	$190,624	$498,509	$57,173

OLD FORGE LIBRARY ASSOCIATION INC