DOWNINGTOWN LIBRARY COMPANY

EIN: 231440113 501(c)(3) Education

DOWNINGTOWN, PA

Total Revenue
$832,865
Total Expenses
$565,315
Total Assets
$855,236
Net Assets
$855,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
PA
Principal Officer
RONALD DANKANICH
Phone
6102692741
Tax Period
2025-01-01 to 2025-12-31

DOWNINGTOWN LIBRARY COMPANY, founded in 1904, is a small nonprofit in the Education sector that reported $833K in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 32% operating margin.

Mission

THE MISSION OF THE DOWNINGTOWN LIBRARY IS TO ENSURE THAT EVERY RESIDENT OF THE GREATER DOWNINGTOWN AREA HAS ACCESS TO EXCEPTIONAL OPPORTUNITIES TO READ, LEARN, CREATE, CONNECT AND CONTRIBUTE TO A BETTER QUALITY OF LIFE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $730,877
Program Service Revenue $58,241
Investment Income $43,147
Other Revenue $600
TOTAL REVENUE $832,865

Expense Breakdown

Grants Paid $0
Salaries & Benefits $222,583
Fundraising Expenses $0
Other Expenses $218,481
TOTAL EXPENSES $565,315

Year-over-Year Comparison

2025 2024 Change
Revenue $832,865 $540,465 +0.5%
Expenses $565,315 $448,310 +0.3%
Net Income $267,550 $92,155 +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

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Governance

Voting Members
12
Independent Members
12
Employees
18
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
4
$0
Total Directors
18
$124,251
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASMINE SMITH DIRECTOR 035.00
Director
$73,432 $0 $73,432
LISA ROSENWEIG PRIOR DIRECTOR 040.00
Director
$50,819 $0 $50,819
FRANCINE DAGUE PRESIDENT 002.00
Officer Director
$0 $0 $0
MARCY HESSINGER VICE PRESIDENT 002.00
Officer Director
$0 $0 $0
CAROL KLEIN SECRETARY 002.00
Officer Director
$0 $0 $0
RONALD DANKANICH TREASURER 002.00
Officer Director
$0 $0 $0
JENNIFER BRETON SAC REP/TRUSTEE 000.50
Director
$0 $0 $0
MARK DEWITTE TRUSTEE 000.50
Director
$0 $0 $0
JACK HINES TRUSTEE 000.50
Director
$0 $0 $0
KELSEY HOUDESHEL TRUSTEE 000.50
Director
$0 $0 $0
EMILY INTERRANTE TRUSTEE 000.50
Director
$0 $0 $0
WHITNEY KALMBACH TRUSTEE 000.50
Director
$0 $0 $0
AMY KELLY TRUSTEE 000.50
Director
$0 $0 $0
DEBRA SHUPP TRUSTEE 000.50
Director
$0 $0 $0
DESIREE THREADGILL TRUSTEE 000.50
Director
$0 $0 $0
BETH VALOCCHI TRUSTEE 000.50
Director
$0 $0 $0
JOSH YOUNG TRUSTEE 000.50
Director
$0 $0 $0
MEGHAN ZIEGLAR TRUSTEE 000.50
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
2025 $832,865 $565,315 $855,236 $267,550
2024 No data No data No data No data
2023 $512,194 $405,908 $495,531 $106,286
2022 $500,187 $442,042 $354,274 $58,145
2021 $510,254 $407,746 $338,568 $102,508
2020 $406,056 $421,829 $214,173 $-15,773
2019 $389,331 $412,884 $215,767 $-23,553
2018 $382,493 $384,635 $218,028 $-2,142
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