Community Free Library

EIN: 160863477 501(c)(3)

Holley, NY

Total Revenue
$292,167
Total Expenses
$308,263
Total Assets
$423,013
Net Assets
$423,013
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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
NY
Principal Officer
Kelli L Madden
Phone
5856386987
Tax Period
2024-01-01 to 2024-12-31

Community Free Library, founded in 1946, is a small nonprofit that reported $292K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Promote Opportunity Encourge education,serve as a center for informmation and assemble & organize the collection of material having cultural historicial information

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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 $280,551
Program Service Revenue $0
Investment Income $11,616
Other Revenue $0
TOTAL REVENUE $292,167

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,474
Fundraising Expenses $0
Program Expenses $82,920
Other Expenses $104,789
TOTAL EXPENSES $308,263

Year-over-Year Comparison

2024 2023 Change
Revenue $292,167 $259,371 +0.1%
Expenses $308,263 $285,304 +0.1%
Net Income $-16,096 $-25,933 -0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
15
Volunteers
N/A

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
2
$67,200
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tersha Choy Board President 0.00
Director
$0 $0 $0
Amber Baldorf Board Vice President 0.00
Director
$0 $0 $0
Heather Emmons Trustee 0.00
Director
$0 $0 $0
Barb Kerns Trustee 0.00
Director
$0 $0 $0
Alex Lane Trustee 0.00
Director
$0 $0 $0
Sandra Shaw Director 37.50
Officer
$55,500 $0 $55,500
John Kenney Trustee 0.00
Director
$0 $0 $0
Jillian Hazzard Trustee 0.00
Director
$0 $0 $0
Amanda Anderson Treasurer 10.00
Officer
$11,700 $0 $11,700
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 $292,167 $308,263 $423,013 $-16,096
2023 $259,371 $285,304 $277,528 $-25,933
2022 $248,457 $229,763 $401,121 $18,694
2021 $239,569 $377,770 $547,179 $-138,201
2020 $222,166 $208,444 $441,677 $13,722
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