SCHLOW LIBRARY FOUNDATION INC

EIN: 237269521 501(c)(3)

STATE COLLEGE, PA

Total Revenue
$432,020
Total Expenses
$428,254
Total Assets
$1,088,543
Net Assets
$1,087,673
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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
1979
Legal Domicile
PA
Principal Officer
CATHY HOLSING
Phone
8142376238
Tax Period
2024-01-01 to 2024-12-31

SCHLOW LIBRARY FOUNDATION INC, founded in 1979, is a small nonprofit that reported $432K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 30 months of operating reserves.

Mission

TO PROVIDE CRUCIAL ADVOCACY, FINANCIAL, AND VOLUNTEER SUPPORT FOR SCHLOW LIBRARY ACTIVITIES. THE FOUNDATION WORKS TO ENSURE THAT SCHLOW LIBRARY SERVICES WILL CONTINUE WITHOUT INTERRUPTION THROUGH FUNDRAISING PROJECTS AND OUTREACH PROGRAMS.

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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 $339,666
Program Service Revenue $0
Investment Income $92,354
Other Revenue $0
TOTAL REVENUE $432,020

Expense Breakdown

Grants Paid $381,892
Salaries & Benefits $0
Fundraising Expenses $9,736
Program Expenses $381,892
Other Expenses $46,362
TOTAL EXPENSES $428,254

Year-over-Year Comparison

2024 2023 Change
Revenue $432,020 $334,312 +0.3%
Expenses $428,254 $247,477 +0.7%
Net Income $3,766 $86,835 -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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
N/A

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
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN PETNICK BOARD MEMBER 0.50
Director
$0 $0 $0
MAC RAYBACK SECRETARY 1.00
Officer Director
$0 $0 $0
JANE STANTON BOARD MEMBER 0.50
Director
$0 $0 $0
PEG HAMBRICK BOARD MEMBER 0.50
Director
$0 $0 $0
MAUREEN WELESKO PRESIDENT 4.00
Officer Director
$0 $0 $0
TOM KING BOARD MEMBER 0.50
Director
$0 $0 $0
ROBIN BARTON TRUSTEES LIASON 1.00
Officer Director
$0 $0 $0
CATHY HOSLING TREASURER 4.00
Officer Director
$0 $0 $0
NANCY CHISWICK BOARD MEMBER 0.50
Director
$0 $0 $0
RUTH ZIPSER BOARD MEMBER 0.50
Director
$0 $0 $0
CAROL RAZEM ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
VIRGINIA SQUIER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHARON ROVANSEK BOARD MEMBER 0.50
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 $432,020 $428,254 $1,088,543 $3,766
2023 $334,312 $247,477 $1,050,110 $86,835
2022 $293,817 $243,385 $907,530 $50,432
2021 $336,667 $245,341 $1,032,178 $91,326
2020 $278,973 $232,152 $874,440 $46,821
2019 $198,470 $229,802 $815,816 $-31,332
2018 $399,531 $317,228 $759,918 $82,303
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