ALTOONA AREA PUBLIC LIBRARY

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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

1927

Legal Domicile

Principal Officer

PATRICK FANELLI

Phone

8149460417

Tax Period

2024-07-01 to 2025-06-30

ALTOONA AREA PUBLIC LIBRARY, founded in 1927, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $2.6M represent 29 months of operating reserves.

Mission

FREE PUBLIC LIBRARY

Program Service Accomplishments

Program 1

Expenses: $723,774 Revenue: $133,625

THE ALTOONA AREA PUBLIC LIBRARY IS A FREE PUBLIC LIBRARY SERVING THE NEEDS OF THE CITIZENS OF ALTOONA AND ITS SURROUNDING AREAS. THE LIBRARY OFFERS A WIDE RANGE OF SERVICES AND REFERENCE MATERIALS...

THE ALTOONA AREA PUBLIC LIBRARY IS A FREE PUBLIC LIBRARY SERVING THE NEEDS OF THE CITIZENS OF ALTOONA AND ITS SURROUNDING AREAS. THE LIBRARY OFFERS A WIDE RANGE OF SERVICES AND REFERENCE MATERIALS SUCH AS BOOKS, RECORDS, FILMS, ETC. AT NO CHARGE AND PROVIDES PROGRAMS AND ACTIVITIES. THE LIBRARY HAS ALSO BEEN DESIGNATED BY THE STATE LIBRARY OF PENNSYLVANIA AS A DISTRICT LIBRARY CENTER FOR BLAIR, BEDFORD, AND HUNTINGDON COUNTIES. IT RECEIVES FEDERAL, STATE, AND PRIVATE FUNDING TO ADMINISTER FUNDS AND PROVIDE INTERLIBRARY LOAN SERVICES, PUBLIC RELATIONS, AND ADVISORY SERVICES TO THE PUBLIC LIBRARIES IN THESE THREE COUNTIES.

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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 $822,124

Program Service Revenue $61,334

Investment Income $160,938

Other Revenue $16,481

TOTAL REVENUE $1,060,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,136

Fundraising Expenses $9,163

Program Expenses $723,774

Other Expenses $300,024

TOTAL EXPENSES $1,057,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,060,877	$1,418,829	-0.3%
Expenses	$1,057,160	$1,692,159	-0.4%
Net Income	$3,717	$-273,330	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BENZEL	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL DIANDREA	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS COOK	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN MCCAULLEY	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK FANELLI	PRESIDENT	3.00	Officer	$0	$0	$0
LAUREN JACOBSON-MCCONNELL	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MARTY DOMBROWSKI	SECRETARY	2.00	Officer	$0	$0	$0
TOM SEASOLTZ	TREASURER	2.00	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
2025	$1,060,877	$1,057,160	$2,602,216	$3,717
2024	$1,418,829	$1,692,159	$2,641,610	$-273,330
2023	$2,114,577	$2,136,940	$2,934,581	$-22,363
2022	$2,595,800	$2,092,283	$2,980,766	$503,517
2021	$1,608,983	$1,526,776	$2,556,758	$82,207
2020	$2,014,475	$2,000,084	$2,485,273	$14,391
2019	$1,865,121	$1,707,541	$2,450,957	$157,580