THE OSSINING LIBRARY FOUNDATION (EIN 204860569) - 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

2005

Legal Domicile

Phone

9149412416

Tax Period

2024-05-01 to 2025-04-30

THE OSSINING LIBRARY FOUNDATION, founded in 2005, is a micro nonprofit in the Education sector that reported $28K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO SUPPLEMENT PROGRAMS RUN BY THE OSSINING PUBLIC LIBRARY.

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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 $17,600

Program Service Revenue $0

Investment Income $9,968

Other Revenue $0

TOTAL REVENUE $27,568

Expense Breakdown

Grants Paid $38,384

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,990

Other Expenses $2,406

TOTAL EXPENSES $40,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,568	$55,224	-0.5%
Expenses	$40,790	$39,957	+0.0%
Net Income	$-13,222	$15,267	-1.9%

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

N/A

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
MARLENE CHEATHAM	TRUSTEE	0.00	Director	$0	$0	$0
LESLIE ALLEN	PRESIDENT	1.00	Officer	$0	$0	$0
STEVE ALPERT	TREASURER	1.00	Officer	$0	$0	$0
PAMELA THORNTON	SECRETARY	1.00	Officer	$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	$27,568	$40,790	$286,325	$-13,222
2024	$55,224	$39,957	$299,547	$15,267
2023	$267,721	$5,297	$284,280	$262,424

THE OSSINING LIBRARY FOUNDATION