RANSOMVILLE FREE LIBRARY

EIN: 166032838 501(c)(3)

RANSOMVILLE, NY

Total Revenue
$140,635
Total Expenses
$147,272
Total Assets
$524,325
Net Assets
$523,787
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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
1934
Legal Domicile
NY
Principal Officer
LAURA JEFFERY
Phone
7167914073
Tax Period
2023-01-01 to 2023-12-31

RANSOMVILLE FREE LIBRARY, founded in 1934, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $524K represent 45 months of operating reserves.

Mission

THE OPERATION OF A FREE PUBLIC LIBRARY FOR THE BENEFIT OF THE RANSOMVILLE COMMUNITY OF APPROXIMATELY 5000 RESIDENTS.

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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 $139,704
Program Service Revenue $931
Investment Income $0
Other Revenue $0
TOTAL REVENUE $140,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,988
Fundraising Expenses $0
Program Expenses $35,926
Other Expenses $89,284
TOTAL EXPENSES $147,272

Year-over-Year Comparison

2023 2022 Change
Revenue $140,635 $121,076 +0.2%
Expenses $147,272 $140,202 +0.1%
Net Income $-6,637 $-19,126 -0.7%
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
8
Independent Members
8
Employees
5
Volunteers
2

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
$32,700
Total Directors
7
$0
Key Employees
2
$32,700
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jane Hamilton President/Trustee 0.00
Officer Director
$0 $0 $0
Allen Lederhouse Vice President/Trustee 0.00
Officer Director
$0 $0 $0
Ryan Ross Trustee 0.00
Director
$0 $0 $0
Terry Ehlen Trustee 0.00
Director
$0 $0 $0
Peggy Shear Trustee 0.00
Director
$0 $0 $0
Tanya Fura Secretary 0.00
Director
$0 $0 $0
Kevin Cabello Trustee 0.00
Director
$0 $0 $0
Laura Jeffery Treasurer 0.00
Officer Key Emp
$2,700 $0 $2,700
Phila Ibaugh Director 12.00
Officer Key Emp
$30,000 $0 $30,000
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 $140,635 $147,272 $524,325 $-6,637
2022 $121,076 $140,202 $580,676 $-19,126
2021 $105,229 $126,225 $599,276 $-20,996
2020 $130,430 $128,259 $559,451 $2,171
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