Stamford Library

EIN: 161059867 501(c)(3)

Stamford, NY

Total Revenue
$166,498
Total Expenses
$197,404
Total Assets
$3,046,527
Net Assets
$3,047,091
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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
1907
Legal Domicile
NY
Principal Officer
Mildred Faulkner
Phone
6076525001
Tax Period
2023-01-01 to 2023-12-31

Stamford Library, founded in 1907, is a small nonprofit that reported $166K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $197K exceeded revenue, resulting in a 19% operating deficit.

Mission

To make books, publications and electronic materials available to the public

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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 (2023)

Revenue Breakdown

Contributions & Grants $41,229
Program Service Revenue $44,996
Investment Income $73,436
Other Revenue $6,837
TOTAL REVENUE $166,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,610
Fundraising Expenses $0
Program Expenses $160,746
Other Expenses $88,794
TOTAL EXPENSES $197,404

Year-over-Year Comparison

2023 2022 Change
Revenue $166,498 $196,595 -0.2%
Expenses $197,404 $178,165 +0.1%
Net Income $-30,906 $18,430 -2.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
8
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
4
$0
Total Directors
6
$0
Key Employees
1
$43,345
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erica Eklund Director 36.00
Key Emp
$43,345 $0 $43,345
Barbara Balliet Board President 2.00
Officer
$0 $0 $0
Linda Stratigos Vice President 3.00
Officer
$0 $0 $0
Mildred Faulkner Treasurer 2.00
Officer
$0 $0 $0
Ellen Thorn Secretary 3.00
Officer
$0 $0 $0
Stephanie Rubin-Requet Trustee 2.00
Director
$0 $0 $0
Michael Teitelbaum Trustee 2.00
Director
$0 $0 $0
Janet Wenner Trustee 2.00
Director
$0 $0 $0
John Hubbard Trustee 2.00
Director
$0 $0 $0
Katy Barber-Graves Trustee 2.00
Director
$0 $0 $0
Pat Heath Trustee 2.00
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 No data No data No data No data
2023 $166,498 $197,404 $3,046,527 $-30,906
2022 $196,595 $178,165 $2,809,275 $18,430
2021 $474,250 $150,361 $3,372,040 $323,889
2020 $151,092 $124,732 $1,921,691 $26,360
2019 $114,340 $142,780 $1,895,331 $-28,440
2018 $127,664 $122,013 $1,781,237 $5,651
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