Palmerton Area Library Association

EIN: 231691461 501(c)(3)

Palmerton, PA

Total Revenue
$249,217
Total Expenses
$242,850
Total Assets
$793,667
Net Assets
$784,387
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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
1972
Legal Domicile
PA
Principal Officer
Diane Danielson
Phone
6108263424
Tax Period
2024-01-01 to 2024-12-31

Palmerton Area Library Association, founded in 1972, is a small nonprofit that reported $249K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $784K represent 38 months of operating reserves.

Mission

Operate a 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $210,051
Program Service Revenue $7,716
Investment Income $12,024
Other Revenue $19,426
TOTAL REVENUE $249,217

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,269
Fundraising Expenses $337
Program Expenses $148,011
Other Expenses $108,581
TOTAL EXPENSES $242,850

Year-over-Year Comparison

2024 2023 Change
Revenue $249,217 $209,893 +0.2%
Expenses $242,850 $235,716 +0.0%
Net Income $6,367 $-25,823 -1.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
9
Volunteers
15

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
1
$43,027
Total Directors
4
$0
Key Employees
2
$43,027
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chistine DeSousa Library Director 40.00
Officer Key Emp Highest
$43,027 $0 $43,027
Loraine Neal President 4.00
Director
$0 $0 $0
Marian Hoffner Vice President 4.00
Director Key Emp
$0 $0 $0
Audrey Larvey Secretary 4.00
Director
$0 $0 $0
Jack Woginrich Treasurer 4.00
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 $249,217 $242,850 $793,667 $6,367
2023 $209,893 $235,716 $786,455 $-25,823
2022 $175,585 $232,439 $812,339 $-56,854
2021 $238,722 $205,692 $902,094 $33,030
2020 $256,006 $198,843 $865,966 $57,163
2019 $289,879 $210,903 $792,778 $78,976
2018 $233,047 $198,044 $697,521 $35,003
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