Honeoye Public Library (EIN 160979093) - 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

2005

Legal Domicile

Principal Officer

Janelle Speca

Phone

5852295020

Tax Period

2024-01-01 to 2024-12-31

Honeoye Public Library, founded in 2005, is a small nonprofit that reported $317K in total revenue in fiscal year 2024. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 49% operating margin.

Mission

The organization is an educational public library.

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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 $312,282

Program Service Revenue $3,889

Investment Income $18

Other Revenue $730

TOTAL REVENUE $316,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,491

Fundraising Expenses $0

Program Expenses $136,895

Other Expenses $70,464

TOTAL EXPENSES $161,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,919	$138,052	+1.3%
Expenses	$161,955	$147,760	+0.1%
Net Income	$154,964	$-9,708	-17.0%

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

N/A

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

$41,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Dys	President	1.00	Director	$0	$0	$0
Mary Boite	Vice President	1.00	Director	$0	$0	$0
Robin Healy	Treasurer	1.00	Director	$0	$0	$0
Cynthia Langkamp	Secretary	1.00	Director	$0	$0	$0
Thelma Mattice	Trustee	1.00	Director	$0	$0	$0
Whitney Cornish	Trustee	1.00	Director	$0	$0	$0
Janelle Speca	Director	40.00	Officer	$41,594	$0	$41,594

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	$316,919	$161,955	$251,827	$154,964
2019	$129,744	$133,932	$148,640	$-4,188
2018	$133,988	$125,801	$152,828	$8,187

Honeoye Public Library