NEW WOODSTOCK FREE LIBRARY

EIN: 161170437 501(c)(3)

NEW WOODSTOCK, NY

Total Revenue
$312,873
Total Expenses
$154,778
Total Assets
$1,133,229
Net Assets
$1,133,229
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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
1939
Legal Domicile
NY
Principal Officer
CHARLES SHATZKIN
Phone
3156623134
Tax Period
2023-01-01 to 2023-12-31

NEW WOODSTOCK FREE LIBRARY, founded in 1939, is a small nonprofit that reported $313K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 51% operating margin.

Mission

FREE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $260,693
Program Service Revenue $314
Investment Income $11,368
Other Revenue $40,498
TOTAL REVENUE $312,873

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,627
Fundraising Expenses $0
Program Expenses $154,778
Other Expenses $85,151
TOTAL EXPENSES $154,778

Year-over-Year Comparison

2023 2022 Change
Revenue $312,873 $187,941 +0.7%
Expenses $154,778 $140,122 +0.1%
Net Income $158,095 $47,819 +2.3%
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

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
5
Independent Members
5
Employees
5
Volunteers
23

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES SHATZKIN PRESIDENT 2.00
Officer Director
$0 $0 $0
KATHLEEN WEIMAR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RAYMOND SCHWOCK TREASURER 3.00
Officer Director
$0 $0 $0
M HEATHER FAIS SECRETARY 1.00
Officer Director
$0 $0 $0
RACHEL HUNT TRUSTEE 1.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $312,873 $154,778 $1,133,229 $158,095
2022 $187,941 $140,122 $975,134 $47,819
2021 $416,431 $160,099 $927,592 $256,332
2020 $324,858 $184,557 $690,758 $140,301
2019 $201,742 $178,846 $530,682 $22,896
2018 $200,271 $192,137 $509,318 $8,134
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