VICTOR FARMINGTON LIBRARY

EIN: 160864990 501(c)(3)

VICTOR, NY

Total Revenue
$1,135,785
Total Expenses
$945,434
Total Assets
$1,312,723
Net Assets
$1,280,755
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
NY
Principal Officer
MARIE CALVARUSO
Phone
5859242637
Tax Period
2025-01-01 to 2025-12-31

VICTOR FARMINGTON LIBRARY, founded in 1939, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. The organization ran a surplus of $190K, a strong 17% operating margin.

Mission

OUR PURPOSE IS TO BE A STRONG COMMUNITY PARTNER BY PROVIDING INCLUSIVE ACCESS TO INFORMATION, TECHNOLOGY, AND EDUCATIONAL RESOURCES. WE STRIVE TO FOSTER LIFELONG LEARNING, CIVIC ENGAGEMENT, CULTURAL ENRICHMENT, AND SOCIAL CONNECTION THROUGH RESPONSIVE AND INNOVATIVE SERVICES AND PROGRAMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,112,340
Program Service Revenue $9,740
Investment Income $13,705
Other Revenue $0
TOTAL REVENUE $1,135,785

Expense Breakdown

Grants Paid $0
Salaries & Benefits $625,190
Fundraising Expenses $106,767
Program Expenses $701,075
Other Expenses $320,244
TOTAL EXPENSES $945,434

Year-over-Year Comparison

2025 2024 Change
Revenue $1,135,785 $1,162,965 0.0%
Expenses $945,434 $890,918 +0.1%
Net Income $190,351 $272,047 -0.3%
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
23
Volunteers
26

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
5
$105,488
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITCH DONOVAN PRESIDENT 2.00
Officer Director
$0 $0 $0
PATTI J LARCHE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JEAN MCCREARY SECRETARY 1.00
Officer Director
$0 $0 $0
MARIE CALVARUSO TREASURER 1.00
Officer Director
$0 $0 $0
ROMY BARBATO DIRECTOR 1.00
Director
$0 $0 $0
PATTY BASCOMB DIRECTOR 1.00
Director
$0 $0 $0
LARRY KEELEY DIRECTOR 1.00
Director
$0 $0 $0
LISA ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
PATTY SAMPSON-BOUCHARD DIRECTOR 1.00
Director
$0 $0 $0
TIM NIVER LIBRARY DIRECTOR 40.00
Officer
$89,993 $15,495 $105,488
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
2025 $1,135,785 $945,434 $1,312,723 $190,351
2024 $1,162,965 $890,918 $1,140,326 $272,047
2023 $987,299 $792,957 $1,695,064 $194,342
2022 $975,489 $772,031 $1,497,291 $203,458
2021 $815,781 $654,297 $1,800,511 $161,484
2020 $688,812 $619,825 $1,450,355 $68,987
2019 $615,557 $560,898 $1,318,593 $54,659
2018 $555,255 $525,107 $1,229,727 $30,148
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