MYERS MEMORIAL LIBRARY

EIN: 160755801 501(c)(3) Education

Frewsburg, NY

Total Revenue
$120,764
Total Expenses
$104,566
Total Assets
$825,620
Net Assets
$825,620
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
NY
Principal Officer
Melvin Feather
Phone
7165695515
Tax Period
2024-01-01 to 2024-12-31

MYERS MEMORIAL LIBRARY, founded in 1923, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $105K left a modest 13% surplus.

Mission

To foster an atmosphere that will encourage individuals to pursue a sustained plan of learning through recreational reading, research, and develop a life-long interest in reading for learning and enjoyment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $61,514
Program Service Revenue $4,796
Investment Income $53,496
Other Revenue $958
TOTAL REVENUE $120,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,934
Fundraising Expenses $0
Program Expenses $26,947
Other Expenses $48,632
TOTAL EXPENSES $104,566

Year-over-Year Comparison

2024 2023 Change
Revenue $120,764 $133,689 -0.1%
Expenses $104,566 $127,665 -0.2%
Net Income $16,198 $6,024 +1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
1

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
0
$0
Total Directors
9
$0
Key Employees
4
$18,735
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Izabela Nowak Director 30
Highest
$32,448 $0 $32,448
Rachel Roushey Staff 16
Key Emp
$6,148 $0 $6,148
Lydia Sadowski Staff 15
Key Emp
$5,918 $0 $5,918
Amanda Bajdo Staff 15
Key Emp
$5,534 $0 $5,534
Jessica Rogers Staff 3
Key Emp
$1,135 $0 $1,135
Paul Bell Trustee 3
Director
$0 $0 $0
James Hale Trustee 2
Director
$0 $0 $0
Jason Bussman Trustee 2
Director
$0 $0 $0
Sue Richards Trustee 1
Director
$0 $0 $0
Melvin Feather Trustee, Board President 3
Director
$0 $0 $0
Robert Piede Trustee, Vice President 2
Director
$0 $0 $0
Toni Stone Trustee, Treasurer 1
Director
$0 $0 $0
Roxy Gray Trustee, Board Secretary 1
Director
$0 $0 $0
Janelle Grey Trustee 1
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 $120,764 $104,566 $825,620 $16,198
2023 $133,689 $127,665 $1,177,583 $6,024
2022 $163,324 $94,486 $1,151,015 $68,838
2021 $218,215 $98,025 $1,166,504 $120,190
2020 $85,437 $78,771 $995,965 $6,666
2019 $90,652 $78,048 $975,985 $12,604
2018 $228,924 $123,317 $912,607 $105,607
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