ONONDAGA FREE LIBRARY (EIN 150624949) - 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

1972

Legal Domicile

Principal Officer

SUSAN MORGAN

Phone

3154921727

Tax Period

2024-01-01 to 2024-12-31

ONONDAGA FREE LIBRARY, founded in 1972, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 4% surplus.

Mission

THE MISSION OF ONONDAGA FREE LIBRARY IS TO PROVIDE ACCESS TO ALL FOR LIFELONG LEARNING, INNOVATIVE PROGRAMS AND SERVICES, AND TO PROMOTE THE LITERACY AND WELL BEING OF THE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,085,170

Program Service Revenue $9,375

Investment Income $40,632

Other Revenue $4,979

TOTAL REVENUE $1,140,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $591,072

Fundraising Expenses $0

Program Expenses $1,024,833

Other Expenses $498,279

TOTAL EXPENSES $1,089,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,140,156	$1,092,930	+0.0%
Expenses	$1,089,351	$1,068,254	+0.0%
Net Income	$50,805	$24,676	+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

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

$98,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MCCARTHY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BETH CRUMP	VICE-PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
PAT FORKEN	TRUSTEE	1.00	Director	$0	$0	$0
ROB PRICE	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET FARRELL	TREASURER	1.00	Officer Director	$0	$0	$0
LIZ LAROCHELLE	TRUSTEE	1.00	Director	$0	$0	$0
CHARLOTTE GAROFALO	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN MORGAN	LIBRARY DIRECTOR	35.00	Officer	$79,144	$18,999	$98,143

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	$1,140,156	$1,089,351	$3,492,759	$50,805
2023	$1,092,930	$1,068,254	$3,557,963	$24,676
2022	$1,085,708	$1,101,458	$3,644,248	$-15,750
2021	$1,224,131	$991,436	$3,760,398	$232,695
2020	$1,041,313	$940,663	$3,608,704	$100,650
2019	$1,132,236	$1,010,039	$3,584,012	$122,197
2018	$1,060,370	$976,654	$3,534,771	$83,716

ONONDAGA FREE LIBRARY