HOYT LIBRARY (EIN 236392122) - 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

1928

Legal Domicile

Principal Officer

WILLIAM HARDWICK

Phone

5702872013

Tax Period

2024-01-01 to 2024-12-31

HOYT LIBRARY, founded in 1928, is a small nonprofit in the Education sector that reported $667K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $3.8M represent 69 months of operating reserves.

Mission

THE HOYT LIBRARY IS A PUBLIC FREE LIBRARY LOCATED IN KINGSTON, PA. IT WAS ESTABLISHED AS A NONSECTARIAN LIBRARY WITH READING AND WRITING ROOMS SUITABLE TO THE NEEDS OF THE CITIZENS IN KINGSTON AND SURROUNDING VICINITY.

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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 $562,418

Program Service Revenue $6,931

Investment Income $97,821

Other Revenue $0

TOTAL REVENUE $667,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,106

Fundraising Expenses $49,210

Program Expenses $552,494

Other Expenses $257,100

TOTAL EXPENSES $671,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$667,170	$561,575	+0.2%
Expenses	$671,206	$647,206	+0.0%
Net Income	$-4,036	$-85,631	-1.0%

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	Role	Reportable Comp	Other Comp	Total
WILLIAM HARDWICK	PRESIDENT	Officer Director	$0	$0	$0
NANCY COOPER	SECRETARY	Officer Director	$0	$0	$0
ROBERTA ROWLANDS	BOARD MEMBER	Director	$0	$0	$0
ROBERT JACOBS	VICE PRESIDENT	Officer Director	$0	$0	$0
JEFFREY COSLETT	TREASURER	Officer Director	$0	$0	$0
COLLEEN LOGAN	BOARD MEMBER	Director	$0	$0	$0
JACK NICHOLSON	BOARD MEMBER	Director	$0	$0	$0
DEBRA GANTZ	REPRESENTATIVE	Officer Director	$0	$0	$0
HARRY MATTERN	SOLICITOR	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	$667,170	$671,206	$3,890,092	$-4,036
2023	$561,575	$647,206	$3,736,599	$-85,631
2022	$1,039,503	$594,628	$3,665,429	$444,875
2021	$906,314	$550,629	$3,486,374	$355,685
2020	$969,257	$595,359	$2,928,763	$373,898
2019	$512,120	$657,513	$2,448,974	$-145,393
2018	$505,253	$668,716	$2,327,808	$-163,463

HOYT LIBRARY