NIOGA LIBRARY SYSTEM (EIN 160844404) - 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

1959

Legal Domicile

Principal Officer

THOMAS BINDEMAN

Phone

7164346167

Tax Period

2024-01-01 to 2024-12-31

NIOGA LIBRARY SYSTEM, founded in 1959, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 6% surplus.

Mission

TO PROVIDE A VARIETY OF LIBRARY SERVICES TO THE MEMBER LIBRARIES IN NIAGARA, ORLEANS, AND GENESEE COUNTIES AND PERFORM A NUMBER OF FUNCTIONS WHICH ASSIST ITS MEMBER PUBLIC LIBRARIES IN SERVING THEIR PATRONS.

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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 $1,616,971

Program Service Revenue $290,396

Investment Income $13,115

Other Revenue $17,783

TOTAL REVENUE $1,938,265

Expense Breakdown

Grants Paid $533,811

Salaries & Benefits $653,952

Fundraising Expenses $0

Program Expenses $1,356,467

Other Expenses $632,686

TOTAL EXPENSES $1,820,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,938,265	$1,653,734	+0.2%
Expenses	$1,820,449	$1,585,942	+0.1%
Net Income	$117,816	$67,792	+0.7%

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

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

$72,071

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BEGLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFFREY LAUB	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTIE MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
JONATHAN DANNER HAIGHT	TREASURER	2.00	Officer Director	$0	$0	$0
CRAIG BACON	TRUSTEE	1.00	Director	$0	$0	$0
JEANNE TUOHEY	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD BALABAN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA FETTERLY	TRUSTEE	1.00	Director	$0	$0	$0
MARILYN ZACIEWSKI	TRUSTEE	1.00	Director	$0	$0	$0
PATTY NAGEL	TRUSTEE	1.00	Director	$0	$0	$0
TAMMAM KINAN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS BINDEMAN	EXECUTIVE DIRECTOR	20.00	Officer	$62,308	$9,763	$72,071

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	$1,938,265	$1,820,449	$3,845,281	$117,816
2023	$1,653,734	$1,585,942	$3,799,053	$67,792
2022	$1,801,899	$1,470,365	$3,689,951	$331,534
2021	$2,075,611	$1,575,718	$3,496,253	$499,893
2020	$1,343,724	$1,469,274	$2,561,031	$-125,550
2019	$1,361,006	$1,407,637	$2,646,812	$-46,631
2018	$1,407,788	$1,357,810	$2,697,034	$49,978

NIOGA LIBRARY SYSTEM