LAGRANGE ASSOCIATION LIBRARY (EIN 222449427) - 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

1982

Legal Domicile

Principal Officer

DANIEL JACOBS

Phone

8454523141

Tax Period

2024-01-01 to 2024-12-31

LAGRANGE ASSOCIATION LIBRARY, founded in 1982, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $920K left a modest 11% surplus.

Mission

TO PROVIDE A FULL SERVICE LIBRARY FOR THE TOWN OF LAGRANGE, NY AND SURROUNDING COMMUNITIES

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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 $974,195

Program Service Revenue $35,321

Investment Income $20,340

Other Revenue $0

TOTAL REVENUE $1,029,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $455,925

Fundraising Expenses $0

Program Expenses $914,452

Other Expenses $463,649

TOTAL EXPENSES $919,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,029,856	$1,178,182	-0.1%
Expenses	$919,574	$938,729	0.0%
Net Income	$110,282	$239,453	-0.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

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

$87,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE DAVIS	PRESIDENT	5.00	Director	$0	$0	$0
DEVON BRYAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
DANIEL JACOBS	TREASURER	5.00	Director	$0	$0	$0
ANN COMMISSO	SECRETARY	5.00	Director	$0	$0	$0
SUSAN BIRCHMAN	TRUSTEE	1.00	Director	$0	$0	$0
KEITH LAROSE	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE WARGO	TRUSTEE	1.00	Director	$0	$0	$0
MARY DE BELLIS	LIBRARY DIRECTOR	40.00	Director	$87,070	$0	$87,070
GINNIE GENOVESE	TRUSTEE	2.00	Director	$0	$0	$0
JACK JONES	TRUSTEE	2.00	Director	$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
2024	$1,029,856	$919,574	$1,727,578	$110,282
2023	$1,178,182	$938,729	$1,617,331	$239,453
2022	$924,009	$921,239	$1,377,878	$2,770
2021	$981,078	$817,099	$1,375,108	$163,979
2020	$942,071	$825,413	$1,211,094	$116,658
2019	$767,670	$752,894	$1,085,372	$14,776
2018	$741,183	$695,519	$1,070,596	$45,664

LAGRANGE ASSOCIATION LIBRARY