FRED & HARRIETT TAYLOR MEMORIAL LIBRARY (EIN 223218648) - 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

1938

Legal Domicile

Principal Officer

ROGER TOMPKINS

Phone

6075692045

Tax Period

2024-01-01 to 2024-12-31

FRED & HARRIETT TAYLOR MEMORIAL LIBRARY, founded in 1938, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $236K left a modest 4% surplus.

Mission

TO PROVIDE SERVICES TO THE TOWNS OF URBANA AND WAYNE, NEW YORK. SERVICES INCLUDE PROVIDING BOOKS, MAGAZINES, PERIODICALS, INTERNET AND COMPUTER USE, AS WELL AS PROVIDING EDUCATIONAL PROGRAMS

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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 $153,946

Program Service Revenue $52,110

Investment Income $39,261

Other Revenue $1,050

TOTAL REVENUE $246,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,310

Fundraising Expenses $7,273

Program Expenses $185,890

Other Expenses $126,092

TOTAL EXPENSES $236,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,367	$214,458	+0.1%
Expenses	$236,402	$217,594	+0.1%
Net Income	$9,965	$-3,136	-4.2%

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

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
ROGER TOMPKINS	CHAIRMAN	10.00	Officer Director	$0	$0	$0
CARRIE CRANE	SECRETARY	10.00	Officer Director	$0	$0	$0
NANCY WIGHTMAN	TRUSTEE	5.00	Director	$0	$0	$0
RUTH BARRY	TRUSTEE	5.00	Director	$0	$0	$0
MARY JANE BRAY	TRUSTEE	5.00		$0	$0	$0
SUZANNE CURRAN	TRUSTEE	5.00		$0	$0	$0
JERINE FABER	TRUSTEE	5.00		$0	$0	$0
SCOTT REINHARDT	TRUSTEE	5.00	Director	$0	$0	$0
JENNIFER TAYLOR	TRUSTEE	5.00	Director	$0	$0	$0
STEPHEN BUTCHKO	FINANCIAL OF	15.00	Officer 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	$246,367	$236,402	$1,511,930	$9,965
2023	$214,458	$217,594	$1,496,609	$-3,136
2022	$194,130	$292,881	$1,498,517	$-98,751
2021	$211,792	$231,084	$1,593,656	$-19,292
2020	$178,408	$205,472	$1,630,399	$-27,064
2019	$183,565	$193,286	$1,638,818	$-9,721

FRED & HARRIETT TAYLOR MEMORIAL LIBRARY