FRIENDS OF THE TOMPKINS COUNTY PUBLIC LIBRARY (EIN 156023223) - 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

1946

Legal Domicile

Principal Officer

BRUCE NEED

Phone

6072722223

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE TOMPKINS COUNTY PUBLIC LIBRARY, founded in 1946, is a small nonprofit in the Education sector that reported $581K in total revenue in fiscal year 2024. The organization ran a surplus of $117K, a strong 20% operating margin.

Mission

THE MISSION OF THE FRIENDS OF THE TOMPKINS COUNTY PUBLIC LIBRARY IS TO SUPPORT HIGH-QUALITY LIBRARY RESOURCES FOR EVERYONE IN TOMPKINS COUNTY BY PROMOTING READING BY PLACING MORE BOOKS IN MORE HANDS, RAISING FUNDS THROUGH BOOK SALES AND OTHER ACTIVITIES, AWARDING GRANTS TO LIBRARIES AND COMMUNITY ORGANIZATIONS, ADVOCATING FOR LIBRARY FUNDING, AND ENCOURAGING VOLUNTEERISM.

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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 $23,728

Program Service Revenue $546,368

Investment Income $10,637

Other Revenue $338

TOTAL REVENUE $581,071

Expense Breakdown

Grants Paid $314,946

Salaries & Benefits $19,205

Fundraising Expenses $0

Program Expenses $444,431

Other Expenses $129,819

TOTAL EXPENSES $463,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$581,071	$538,698	+0.1%
Expenses	$463,970	$614,457	-0.2%
Net Income	$117,101	$-75,759	-2.5%

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

200

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

$3,360

Total Directors

$9,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA VOLCKMAR	DIRECTOR	2.00	Director	$0	$0	$0
ANNE NEIRYNCK	2ND VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
CHRISTINE HALLAM	2ND VICE PRESIDENT	2.00	Officer Director	$3,360	$0	$3,360
JEFFREY JANOWSKY	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH HATCHER	DIRECTOR	20.00	Director	$0	$0	$0
KC RYAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN MACELI	DIRECTOR	2.00	Director	$0	$0	$0
EMILY KOESTER	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LESLIE CONNORS	DIRECTOR	2.00	Director	$5,745	$0	$5,745
SUE DURTHAM	SECRETARY	2.00	Officer Director	$0	$0	$0
NATHAN FAWCETT	DIRECTOR	2.00	Director	$0	$0	$0
DAVID GOODING	DIRECTOR	2.00	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
2024	$581,071	$463,970	$1,003,873	$117,101
2023	$538,698	$614,457	$886,707	$-75,759
2022	$512,588	$425,528	$962,466	$87,060
2021	$509,464	$345,854	$874,146	$163,610
2020	$373,067	$368,641	$710,536	$4,426
2019	$556,195	$557,687	$706,110	$-1,492
2018	$541,334	$546,453	$707,602	$-5,119

FRIENDS OF THE TOMPKINS COUNTY PUBLIC LIBRARY