EAST SYRACUSE FREE LIBRARY (EIN 150617749) - 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

1965

Legal Domicile

Principal Officer

ALAN DEPIETRO

Phone

3154374841

Tax Period

2023-01-01 to 2023-12-31

EAST SYRACUSE FREE LIBRARY, founded in 1965, is a small nonprofit in the Education sector that reported $352K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $334K left a modest 5% surplus.

Mission

TO PROVIDE ITS PATRONS WITH A BALANCED COLLECTION OF BOOKS, OTHER READING MATERIALS, AND ASSORTED BORROWING ITEMS WHICH SERVE THEIR EDUCATIONAL, CULTURUAL, AND RECREATIONAL NEEDS.

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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 $344,829

Program Service Revenue $4,771

Investment Income $2,454

Other Revenue $0

TOTAL REVENUE $352,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,488

Fundraising Expenses $0

Program Expenses $305,154

Other Expenses $148,830

TOTAL EXPENSES $334,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$352,054	$522,406	-0.3%
Expenses	$334,318	$324,038	+0.0%
Net Income	$17,736	$198,368	-0.9%

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

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

$44,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN DEPIETRO	PRESIDENT	0.75	Officer Director	$0	$0	$0
LISA WOJTASZEK	BOARD CLERK	1.00	Officer Director	$0	$0	$0
ANGELA EPOLITO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DARIA WATSON	TRUSTEE	0.75	Director	$0	$0	$0
JANE KEELER	TRUSTEE	0.75	Director	$0	$0	$0
ELAINE TAYLOR	TRUSTEE	0.75	Director	$0	$0	$0
RUSS TAYLOR	TRUSTEE	0.75	Director	$0	$0	$0
JACK DOOLING	TRUSTEE	0.75	Director	$0	$0	$0
LAURIE RACHETTA	EXECUTIVE DIRECTOR	37.50	Officer	$44,142	$0	$44,142

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	$352,054	$334,318	$974,078	$17,736
2022	$522,406	$324,038	$992,309	$198,368
2021	$175,051	$300,795	$793,941	$-125,744
2020	$507,695	$308,976	$919,685	$198,719
2019	$347,910	$308,476	$720,966	$39,434
2018	$343,099	$285,176	$681,532	$57,923

EAST SYRACUSE FREE LIBRARY