OLIVE FREE LIBRARY TRUST UA 1030056376 (EIN 166172701) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Phone

6077373840

Tax Period

2024-01-01 to 2024-12-31

OLIVE FREE LIBRARY TRUST UA 1030056376, founded in 1995, is a small nonprofit in the Education sector that reported $214K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 34% operating margin.

Mission

TO PROVIDE FUNDS IN SUPPORT AND MAINTENANCE OF OLIVE FREE LIBRARY OF WEST SHOKAN, NEW YORK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $213,981

Other Revenue $0

TOTAL REVENUE $213,981

Expense Breakdown

Grants Paid $106,398

Salaries & Benefits $32,016

Fundraising Expenses $0

Program Expenses $34,177

Other Expenses $2,161

TOTAL EXPENSES $140,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,981	$105,714	+1.0%
Expenses	$140,575	$114,870	+0.2%
Net Income	$73,406	$-9,156	-9.0%

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

N/A

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD BISHOP	CO TRUSTEE	1.0	Director	$0	$0	$0
REBECCA BALZAC	CO TRUSTEE	1.0	Director	$0	$0	$0
KIM DALEY	CO TRUSTEE	1.0	Director	$0	$0	$0
SUE ANN SPRAGUE	CO TRUSTEE	1.0	Director	$0	$0	$0
JENNIFER COSTLEY	CO TRUSTEE	1.0	Director	$0	$0	$0
N/A	CO TRUSTEE	8.0		$32,016	$0	$32,016

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	$213,981	$140,575	$3,169,533	$73,406
2023	$105,714	$114,870	$3,097,058	$-9,156
2022	$187,903	$122,007	$3,100,181	$65,896
2021	$377,795	$112,056	$3,050,355	$265,739
2020	$195,790	$83,996	$2,784,903	$111,794
2019	$342,424	$97,903	$2,673,494	$244,521
2018	$348,509	$95,387	$2,431,759	$253,122

OLIVE FREE LIBRARY TRUST UA 1030056376