OLD FORGE LIBRARY ASSOCIATION INC

EIN: 150582657 501(c)(3) Education

OLD FORGE, NY

Total Revenue
$550,661
Total Expenses
$347,433
Total Assets
$1,149,001
Net Assets
$1,149,001
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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
NY
Principal Officer
KATHERINE BARTLET
Phone
3153696008
Tax Period
2025-01-01 to 2025-12-31

OLD FORGE LIBRARY ASSOCIATION INC, founded in 1914, is a small nonprofit in the Education sector that reported $551K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 37% 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.

Program Service Accomplishments

Program 1
Expenses: $286,379

PROVIDE LIBRARY SERVICES, BOOKS, MAGAZINES, VIDEO/AUDIO LOAN PROGRAMS, RESEARCH MATERIALS, EDUCATIONAL WORKSHOPS, ENTERTAINMENT AND INTERNET ACCESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $524,320
Program Service Revenue $0
Investment Income $23,353
Other Revenue $2,988
TOTAL REVENUE $550,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $178,338
Fundraising Expenses $0
Program Expenses $322,264
Other Expenses $169,095
TOTAL EXPENSES $347,433

Year-over-Year Comparison

2025 2024 Change
Revenue $550,661 $427,649 +0.3%
Expenses $347,433 $330,259 +0.1%
Net Income $203,228 $97,390 +1.1%
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

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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
6
$0
Key Employees
0
$0
Highest Compensated
0
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 BARTLET TREASURER 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 ASST TREASUR 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
2025 $550,661 $347,433 $1,149,001 $203,228
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
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