GOWANDA FREE LIBRARY

EIN: 166000414 501(c)(3) Education

GOWANDA, NY

Total Revenue
$141,283
Total Expenses
$91,666
Total Assets
$295,637
Net Assets
$295,637
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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
1905
Legal Domicile
NY
Principal Officer
HAYLEY WILKINS
Phone
7165323451
Tax Period
2024-01-01 to 2024-12-31

GOWANDA FREE LIBRARY, founded in 1905, is a small nonprofit in the Education sector that reported $141K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 35% operating margin.

Mission

PROVIDE FREE LIBRARY SERVICES TO THE GOWANDA AREA

Program Service Accomplishments

Program 1
Expenses: $86,342 Revenue: $2,210

PROVIDING EDUCATIONAL, CULTURAL AND RECREATIONAL MATERIALS TO THE COMMUNITY IN THE FORM OF PERIODICALS, VIDEOS, BOOKS, AND AUDIO FOR ALL AGES

Program 2
Expenses: $1,559 Revenue: $0

PROVIDING FREE INTERNET AND COMPUTER ACCESS TO THE COMMUNITY

Program 3
Expenses: $0 Revenue: $0

PROVIDING ENRICHING AND EDUCATIONAL PROGRAMS FOR THE COMMUNITY INCLUDING STORYTIMES, GAMES, CLUBS AND ARTISTIC CLASSES

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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 (2024)

Revenue Breakdown

Contributions & Grants $128,323
Program Service Revenue $2,210
Investment Income $8,654
Other Revenue $2,096
TOTAL REVENUE $141,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,568
Fundraising Expenses $0
Program Expenses $87,901
Other Expenses $35,098
TOTAL EXPENSES $91,666

Year-over-Year Comparison

2024 2023 Change
Revenue $141,283 $83,806 +0.7%
Expenses $91,666 $83,049 +0.1%
Net Income $49,617 $757 +64.5%
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

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
7

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
2
$28,426
Key Employees
1
$28,426
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARITY KNIGHTEN PRESIDENT 1.50
Officer
$0 $0 $0
HAYLEY WILKINS TREASURER 10.00
Officer
$0 $0 $0
ADRIANE MILLER SECRETARY 1.50
Officer
$0 $0 $0
JEFFREY HATFIELD VICE PRESIDENT 1.50
Officer
$0 $0 $0
REBEKAH MORAITES TRUSTEE 1.50
Director
$0 $0 $0
HEIDI KHAWAM RABAT DIRECTOR 20.00
Director Key Emp Highest
$28,426 $0 $28,426
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 $141,283 $91,666 $295,637 $49,617
2023 $83,806 $83,049 $246,020 $757
2022 $79,362 $90,848 $244,379 $-11,486
2021 $73,603 $89,753 $255,865 $-16,150
2020 $27,555 $71,654 $255,676 $-44,099
2019 $103,235 $109,464 $307,592 $-6,229
2018 $109,143 $111,265 $310,578 $-2,122
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