RACHEL KOHL COMMUNITY LIBRARY

EIN: 232127296 501(c)(3)

GLEN MILLS, PA

Total Revenue
$685,073
Total Expenses
$505,213
Total Assets
$1,419,606
Net Assets
$1,261,350
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
PA
Principal Officer
JENNIFER PANARO
Phone
6103583445
Tax Period
2024-01-01 to 2024-12-31

RACHEL KOHL COMMUNITY LIBRARY, founded in 1979, is a small nonprofit that reported $685K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 26% operating margin.

Mission

RACHEL KOHL COMMUNITY LIBRARY, INC (THE LIBRARY) IS A NONPROFIT ORGANIZATION THAT WAS ORGANIZED AS A NONPROFIT ORGANIZATION UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA IN 1979. ITS STATED PURPOSE IS TO PROVIDE A PUBLIC LIBRARY TO THE RESIDENTS IN THE COMMUNITIES OF BETHEL TOWNSHIP, CHADDS FORD TOWNSHIP, CHESTER HEIGHTS BOROUGH, CONCORD TOWNSHIP AND THORNBURY TOWNSHIP.

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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 $648,159
Program Service Revenue $22,825
Investment Income $14,089
Other Revenue $0
TOTAL REVENUE $685,073

Expense Breakdown

Grants Paid $0
Salaries & Benefits $329,533
Fundraising Expenses $9,837
Program Expenses $411,554
Other Expenses $175,680
TOTAL EXPENSES $505,213

Year-over-Year Comparison

2024 2023 Change
Revenue $685,073 $519,964 +0.3%
Expenses $505,213 $471,274 +0.1%
Net Income $179,860 $48,690 +2.7%
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

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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
14
Volunteers
9

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
5
$89,928
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN STERNBERG SEE SCHEDULE 40.00
Officer
$89,928 $0 $89,928
NICK ALTAMURO BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES BREEN SEE SCHEDULE 1.00
Officer Director
$0 $0 $0
KATHY GORMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELA HORSTMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN MACKENZIE SEE SCHEDULE 1.00
Officer Director
$0 $0 $0
DEBBIE MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER PANARO SEE SCHEDULE 2.00
Officer Director
$0 $0 $0
SALEEM SHAIK BOARD MEMBER 1.00
Director
$0 $0 $0
GARRICK WEAVER BOARD MEMBER 1.00
Director
$0 $0 $0
RAYNA WHITRIGHT SEE SCHEDULE 40.00
Officer
$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 $685,073 $505,213 $1,419,606 $179,860
2023 $519,964 $471,274 $1,242,127 $48,690
2022 $528,614 $413,330 $1,206,967 $115,284
2021 $725,081 $374,942 $1,095,444 $350,139
2020 $527,096 $361,915 $809,332 $165,181
2019 $551,732 $421,948 $608,558 $129,784
2018 $534,086 $371,088 $496,502 $162,998
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