FRIENDS OF SCHENECTADY COUNTY PUBLIC LIBRARY (EIN 237024244) - 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

1966

Legal Domicile

Principal Officer

SHIRLEY DEBONO

Phone

5189861246

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF SCHENECTADY COUNTY PUBLIC LIBRARY, founded in 1966, is a small nonprofit that reported $195K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $44K, a strong 23% operating margin.

Mission

THE MISSION OF THE FRIENDS OF THE SCHENECTADY COUNTY PUBLIC LIBRARY IS TO ASSIST AND SUPPORT OUR LIBRARY SYSTEM IN FULFILLING ITS ROLE AS AN ESSENTIAL INSTITUTION DEDICATED TO MEETING THE LITERACY, TECHNOLOGY, AND CULTURAL NEEDS OF ALL MEMBERS OF OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $60,903

Program Service Revenue $0

Investment Income $7,940

Other Revenue $126,492

TOTAL REVENUE $195,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,237

Other Expenses $150,926

TOTAL EXPENSES $150,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,335	$167,324	+0.2%
Expenses	$150,926	$153,137	0.0%
Net Income	$44,409	$14,187	+2.1%

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

N/A

Volunteers

400

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
ART BRASSARD	DIRECTOR	N/A	Director	$0	$0	$0
SANJAY CORREA	DIRECTOR	N/A	Director	$0	$0	$0
SHIRLEY DEBONO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SARA DORIGUZZI	DIRECTOR	N/A	Director	$0	$0	$0
LISA ESPERTI	DIRECTOR	N/A	Director	$0	$0	$0
VICKI HOSHKO	DIRECTOR	N/A	Director	$0	$0	$0
EMILY HOUGH	DIRECTOR	N/A	Director	$0	$0	$0
CAROL HYDE	SECRETARY	N/A	Officer Director	$0	$0	$0
MARK MATTIS	DIRECTOR	N/A	Director	$0	$0	$0
JESSICA MCDONALD	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
JOAN MOLLOY	DIRECTOR	N/A	Director	$0	$0	$0
MARIA NORELLI	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES RICHARDSON	TREASURER	N/A	Officer Director	$0	$0	$0
CHARLENE ROMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JANICE WALZ	DIRECTOR	N/A	Director	$0	$0	$0
DIANE WILKINSON	DIRECTOR	N/A	Director	$0	$0	$0
SHARON ZALEWSKI	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$195,335	$150,926	$660,086	$44,409
2023	$195,335	$150,926	$660,086	$44,409
2022	$167,324	$153,137	$640,638	$14,187
2021	$216,984	$128,223	$515,687	$88,761
2020	$101,159	$73,477	$421,734	$27,682
2019	$201,443	$250,931	$394,199	$-49,488

FRIENDS OF SCHENECTADY COUNTY PUBLIC LIBRARY