FRIENDS OF THE CENTRAL LIBRARY INC

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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

1993

Legal Domicile

Principal Officer

VIRGINIA O'NEILL

Phone

3154351832

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF THE CENTRAL LIBRARY INC, founded in 1993, is a small nonprofit in the Education sector that reported $332K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $298K left a modest 10% surplus.

Mission

THE MISSION OF THE FRIENDS OF THE CENTRAL LIBRARY IS TO CHAMPION THE CENTRAL LIBRARY AS A VITAL COMMUNITY RESOURCE. THROUGH FUNDRAISING AND PUBLIC ADVOCACY, WE ENCHANCE THE EXCELLENCE OF OUR LIBRARY AND ITS CAPACITY TO SERVE THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $195,462 Revenue: $121,802

AUTHOR LECTURE SERIES - THE LARGEST LIBRARY-RELATED LECTURE SERIES IN THE COUNTRY. IN 28 SEASONS, THE ORGANIZATION HAS BROUGHT OVER 100 WORLD FAMOUS AUTHORS TO CENTRAL NEW YORK. AUTHORS WHO...

AUTHOR LECTURE SERIES - THE LARGEST LIBRARY-RELATED LECTURE SERIES IN THE COUNTRY. IN 28 SEASONS, THE ORGANIZATION HAS BROUGHT OVER 100 WORLD FAMOUS AUTHORS TO CENTRAL NEW YORK. AUTHORS WHO PARTICIPATE IN THE LECTURE SERIES SHARE STORIES OF THEIR WORKS, PERSONAL LIVES, AND LIFE EXPERIENCES. A QUESTION AND ANSWER SESSION WHICH FOLLOWS EACH LECTURE ALLOWS AUDIENCE PARTICIPATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $207,995

Program Service Revenue $121,802

Investment Income $2,264

Other Revenue $0

TOTAL REVENUE $332,061

Expense Breakdown

Grants Paid $20,150

Salaries & Benefits $68,389

Fundraising Expenses $0

Program Expenses $195,462

Other Expenses $209,450

TOTAL EXPENSES $297,989

Year-over-Year Comparison

	2022	2021	Change
Revenue	$332,061	$267,867	+0.2%
Expenses	$297,989	$273,070	+0.1%
Net Income	$34,072	$-5,203	-7.5%

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

Volunteers

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

Total Directors

$44,252

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA BIESIADA O'NEILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
KARA KRUEGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LUCIA B WHISENAND	SECRETARY	1.00	Officer Director	$0	$0	$0
HEATHER SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
KIM SCHELLINGER	EXECUTIVE DIRECTOR	40.00	Director	$44,252	$0	$44,252
KAL ALSTON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA BERNAT	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE BULL	DIRECTOR	1.00	Director	$0	$0	$0
DANE DELL	DIRECTOR	1.00	Director	$0	$0	$0
BETH DREW	DIRECTOR	1.00	Director	$0	$0	$0
JACKI GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
BAIRD HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY KIESA	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KILPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
ANNA O'NEIL	DIRECTOR	1.00	Director	$0	$0	$0
DARSHINI ROOPNARINE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BOTTAR	DIRECTOR	1.00	Director	$0	$0	$0
KATY HEDGES	DIRECTOR	1.00	Director	$0	$0	$0
RENEE LEVY	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
PETER SARVER	DIRECTOR	1.00	Director	$0	$0	$0
LIZA SEMIDEY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH QUILTER	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$332,061	$297,989	$226,111	$34,072
2022	$267,867	$273,070	$203,356	$-5,203
2021	$291,482	$223,943	$199,294	$67,539
2020	$241,810	$208,256	$172,261	$33,554
2019	$269,679	$309,273	$88,469	$-39,594
2018	$221,317	$263,406	$137,104	$-42,089