SOUTHEAST STEUBEN COUNTY LIBRARY

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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

2000

Legal Domicile

Principal Officer

PAULINE EMERY

Phone

6079363713

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST STEUBEN COUNTY LIBRARY, founded in 2000, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $451K, a strong 22% operating margin.

Mission

THE SOUTHEAST STEUBEN COUNTY LIBRARY PROVIDES FREE AND OPEN ACCESS TO COLLECTIONS, ELECTRONIC RESOURCES, AND INNOVATIVE SERVICES WHICH ANTICIPATE, SUPPORT, AND RESPOND TO THE EVER-CHANGING INFORMATIONAL, CULTURAL, AND LEISURE NEEDS OF ALL PEOPLE WITHIN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,404,167 Revenue: $17,957

THE SOUTHEAST STEUBEN COUNTY LIBRARY IS DEDICATED TO ITS MISSION TO PROVIDE "FREE AND OPEN ACCESS TO COLLECTIONS, ELECTRONIC RESOURCES AND INNOVATIVE SERVICES WHICH ANTICIPATE, SUPPORT AND RESPOND TO THE EVER-CHANGING INFORMATIONAL, CULTURAL AND LEISURE NEEDS OF ALL PEOPLE WITHIN OUR COMMUNITY." SUCCESSOR TO THE CORNING AREA LIBRARY (WHICH CLOSED IN 1999 AFTER A PUBLIC REFERENDUM TO ESTABLISH A LIBRARY DISTRICT FAILED), THE SOUTHEAST STEUBEN COUNTY LIBRARY NOW HAS A PERMANENT CHARTER AS AN ASSOCIATION LIBRARY. THE LIBRARY OPENED TO THE PUBLIC IN DECEMBER 2000 AT ITS 24,000-SQUARE-FOOT FACILITY IN NASSER CIVIC CENTER PLAZA, CORNING, NY. THE LIBRARY WON A PUBLIC FUNDING VOTE ON OCTOBER 21, 2014. THE BOARD OF REGENTS APPROVED THE LIBRARY'S ABSOLUTE CHARTER ON JUNE 14, 2016. THE LIBRARY IS GOVERNED BY A 5 TO 15 MEMBER BOARD OF TRUSTEES, WITH 12 TRUSTEES CURRENTLY SERVING. THE LIBRARY IS A MEMBER OF THE SOUTHERN TIER LIBRARY SYSTEM, WHICH PROVIDES SERVICES TO ITS 48 REGIONAL MEMBER LIBRARIES AND READING ROOMS.SOUTHEAST STEUBEN COUNTY LIBRARY SERVES 34,000 RESIDENTS IN A LARGE GEOGRAPHIC AREA INCLUDING THE CITY OF CORNING, NY AND THE TOWNS OF ERWIN, CAMPBELL, CORNING, CATON, HORNBY AND LINDLEY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,735,788

Program Service Revenue $17,957

Investment Income $256,769

Other Revenue $51,607

TOTAL REVENUE $2,062,121

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $928,567

Fundraising Expenses $2,947

Program Expenses $1,404,167

Other Expenses $679,921

TOTAL EXPENSES $1,611,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,062,121	$1,587,696	+0.3%
Expenses	$1,611,488	$1,559,323	+0.0%
Net Income	$450,633	$28,373	+14.9%

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

115

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

$138,256

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA MCLEAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE FROMER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY SCOTT	TREASURER	1.00	Officer Director	$0	$0	$0
JAMIE CURTIS	SECRETARY	1.00	Officer Director	$0	$0	$0
GAIL BARDHAN	TRUSTEE	1.00	Director	$0	$0	$0
NOGAYE KA-TANDIA	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN C MACK	TRUSTEE	1.00	Director	$0	$0	$0
BARRY W NICHOLSON	TRUSTEE	1.00	Director	$0	$0	$0
KATE PATERSON	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
SVETLANA SHORT	TRUSTEE	1.00	Director	$0	$0	$0
LYNDSIE M GUY	TRUSTEE	1.00	Director	$0	$0	$0
PAULINE EMERY	EXECUTIVE DIRECTOR	40.00	Officer	$102,532	$35,724	$138,256

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	$2,062,121	$1,611,488	$10,942,142	$450,633
2022	$1,587,696	$1,559,323	$10,303,033	$28,373
2021	$2,044,632	$1,490,039	$10,618,747	$554,593
2020	$1,709,185	$1,508,061	$9,943,168	$201,124
2019	$1,476,062	$1,422,929	$9,178,658	$53,133
2018	$2,135,433	$1,390,412	$8,075,640	$745,021