Parkesburg Free Library

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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

1916

Legal Domicile

Principal Officer

Roxanne L Sockoloskie

Phone

6108575165

Tax Period

2024-01-01 to 2024-12-31

Parkesburg Free Library, founded in 1916, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 25% operating margin.

Mission

The mission of the Parkesburg Free Library is to provide the Parkesburg Borough and surrounding communities with book materials and information necessary for personal growth and life long learning. We seek to guide community and business members to the information they request.

Program Service Accomplishments

Program 1

Expenses: $124,023 Revenue: $7,461

The Parkesburg Free Library provides a selection of books, periodicals, audio books and music for the residents of Parkesburg Borough and surrounding municipalities. The library has computers...

The Parkesburg Free Library provides a selection of books, periodicals, audio books and music for the residents of Parkesburg Borough and surrounding municipalities. The library has computers available for public use, fax and copier services. The library conducts adult and children programs and has a room available for rent to community groups.

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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 $144,214

Program Service Revenue $2,320

Investment Income $60,393

Other Revenue $12,157

TOTAL REVENUE $219,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,518

Fundraising Expenses $0

Program Expenses $124,023

Other Expenses $72,755

TOTAL EXPENSES $163,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,084	$177,956	+0.2%
Expenses	$163,273	$195,227	-0.2%
Net Income	$55,811	$-17,271	-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

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
John Wick	Director	2.00	Director	$0	$0	$0
Nancy Sayre	Director	2.00	Director	$0	$0	$0
Roxanne Sockoloskie	Director, Treasurer	20.00	Director	$0	$0	$0
Pam Misciagna	Director	2.00	Director	$0	$0	$0
Carol Lantz	Director	2.00	Director	$0	$0	$0
Shelly DeVoe	Director	2.00	Director	$0	$0	$0
Stefanie Wrigley	Director	2.00	Director	$0	$0	$0
Todd Brade	Director	2.00	Director	$0	$0	$0
Susan Connolly	Director	2.00	Director	$0	$0	$0
Greg Duke	Director	2.00	Director	$0	$0	$0
James Sewing	Director	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	$219,084	$163,273	$1,440,717	$55,811
2023	$177,956	$195,227	$1,362,060	$-17,271
2023	$177,956	$195,227	$1,362,060	$-17,271
2022	$160,588	$173,556	$1,330,100	$-12,968
2021	$208,375	$155,267	$1,460,258	$53,108
2020	$161,069	$160,657	$1,395,459	$412