Coburn Free Library

EIN: 150614230 501(c)(3)

Owego, NY

Total Revenue
$363,292
Total Expenses
$241,337
Total Assets
$2,965,796
Net Assets
$2,965,796
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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
1901
Legal Domicile
NY
Principal Officer
Linda Williams
Phone
6076873520
Tax Period
2025-01-01 to 2025-12-31

Coburn Free Library, founded in 1901, is a small nonprofit that reported $363K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $122K, a strong 34% operating margin.

Mission

PROVIDE READING & REF. SERVICES TO THE LOCAL COMMUNITY

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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 $213,049
Program Service Revenue $413
Investment Income $84,051
Other Revenue $65,779
TOTAL REVENUE $363,292

Expense Breakdown

Grants Paid $6,174
Salaries & Benefits $105,217
Fundraising Expenses $0
Program Expenses $241,337
Other Expenses $129,946
TOTAL EXPENSES $241,337

Year-over-Year Comparison

2025 2024 Change
Revenue $363,292 $316,196 +0.1%
Expenses $241,337 $240,125 +0.0%
Net Income $121,955 $76,071 +0.6%
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
5
Independent Members
5
Employees
5
Volunteers
20

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
$42,102
Total Directors
8
$42,102
Key Employees
1
$42,102
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Williams PRESIDENT 0.00
Officer Director
$0 $0 $0
Joe Palladino Trustee 0.00
Director
$0 $0 $0
David Woodburn Trustee 0.00
Director
$0 $0 $0
Carlynne Freitag Trustee 0.00
Director
$0 $0 $0
Mikayla Worzel Exec. Dir 35.00
Officer Director Key Emp
$42,102 $0 $42,102
Ellen Keough Trustee 0.00
Officer Director
$0 $0 $0
James Pritchard Vice President 0.00
Officer Director
$0 $0 $0
Michael Fenn Trustee - Treasurer 0.00
Officer 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 $363,292 $241,337 $2,965,796 $121,955
2024 $316,196 $240,125 $2,764,753 $76,071
2023 $270,973 $207,731 $2,706,294 $63,242
2022 $163,754 $220,167 $2,639,933 $-56,413
2021 $696,439 $196,936 $2,903,628 $499,503
2020 $526,787 $132,609 $2,318,634 $394,178
2019 $253,314 $143,343 $1,925,170 $109,971
2018 $229,808 $149,188 $1,796,593 $80,620
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