PRIESTLEY FORSYTH MEMORIAL LIBRARY (EIN 240803611) - 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

1926

Legal Domicile

Principal Officer

PENNY GAUGLER

Phone

5704738201

Tax Period

2023-01-01 to 2023-12-31

PRIESTLEY FORSYTH MEMORIAL LIBRARY, founded in 1926, is a small nonprofit that reported $285K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $259K left a modest 9% surplus.

Mission

PUBLIC LIBRARY

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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 $91,615

Program Service Revenue $3,859

Investment Income $187,867

Other Revenue $1,364

TOTAL REVENUE $284,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,494

Fundraising Expenses $7,889

Program Expenses $177,101

Other Expenses $107,419

TOTAL EXPENSES $258,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,705	$364,015	-0.2%
Expenses	$258,913	$243,818	+0.1%
Net Income	$25,792	$120,197	-0.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY GAUGLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEVIN GERHARD	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA KREHEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MORAN	DIRECTOR	1.00	Director	$0	$0	$0
JARED ROUSH	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA SANTUCCI-BURLEY	TREASURER	1.00	Officer Director	$0	$0	$0
ROBBIN STEPANIK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER VOVAKES	VICE-PRESIDE	1.00	Officer 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	$284,705	$258,913	$5,114,374	$25,792
2022	$364,015	$243,818	$4,847,840	$120,197
2021	$288,684	$218,689	$5,311,782	$69,995
2020	$293,882	$229,121	$4,786,360	$64,761
2019	$291,856	$245,170	$4,535,088	$46,686
2018	$304,010	$235,439	$3,929,538	$68,571

PRIESTLEY FORSYTH MEMORIAL LIBRARY