Corry Public Library Inc

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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

1902

Legal Domicile

Principal Officer

MELISSA FROAH

Phone

8146647611

Tax Period

2022-07-01 to 2023-06-30

Corry Public Library Inc, founded in 1902, is a small nonprofit in the Education sector that reported $344K in total revenue in fiscal year 2022. Expenses of $323K left a modest 6% surplus.

Mission

To provide library services free of charge to the residents of the City of Corry and surrounding communities

Program Service Accomplishments

Program 1

Expenses: $261,593 Revenue: $6,788

General Library services provided free of charge to the residents of the City of Corry and surrounding communities

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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 (2022)

Revenue Breakdown

Contributions & Grants $337,776

Program Service Revenue $6,596

Investment Income $3,520

Other Revenue $-3,589

TOTAL REVENUE $344,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,069

Fundraising Expenses $0

Program Expenses $261,593

Other Expenses $121,008

TOTAL EXPENSES $323,077

Year-over-Year Comparison

	2022	2021	Change
Revenue	$344,303	$334,495	+0.0%
Expenses	$323,077	$329,192	0.0%
Net Income	$21,226	$5,303	+3.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luann Hallberg	Board Member	1.00	Director	$0	$0	$0
Tim Vinca	President	1.00	Officer Director	$0	$0	$0
Linda Messenger	Vice President	1.00	Officer Director	$0	$0	$0
Jan Van Dresar	Treasurer	1.00	Officer Director	$0	$0	$0
Ruth Ann Grice	Secretary	1.00	Officer Director	$0	$0	$0
Helen Chris	Board Member	1.00	Director	$0	$0	$0
Hiram Daley	Board Member	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$344,303	$323,077	$1,085,879	$21,226
2022	$334,495	$329,192	$1,054,258	$5,303
2021	$354,761	$312,365	$1,048,794	$42,396