MASSENA PUBLIC LIBRARY (EIN 452539396) - 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

1935

Legal Domicile

Principal Officer

KRISTA BRIGGS

Phone

3157699914

Tax Period

2024-01-01 to 2024-12-31

MASSENA PUBLIC LIBRARY, founded in 1935, is a small nonprofit in the Education sector that reported $451K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $571K exceeded revenue, resulting in a 27% operating deficit.

Mission

OUR MISSION IS TO ENCOURAGE LITERACY THROUGH LIFELONG LEARNING OPPORTUNITIES, FULFILL THE CULTURAL AND EVOLVING TECHNOLOGICAL NEEDS OF OUR PATRONS, AND ENHANCE OUR RESIDENTS QUALITY OF LIFE THROUGH COMMUNITY-FOCUSED SERVICES.

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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 $450,007

Program Service Revenue $0

Investment Income $928

Other Revenue $0

TOTAL REVENUE $450,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $468,606

Fundraising Expenses $0

Program Expenses $570,829

Other Expenses $102,430

TOTAL EXPENSES $571,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,935	$313,011	+0.4%
Expenses	$571,036	$611,084	-0.1%
Net Income	$-120,101	$-298,073	-0.6%

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
KRISTA BRIGGS	DIRECTOR	040.00	Director	$0	$0	$0
JOSEPH SAVOCA	PRESIDENT	001.00	Officer Director	$0	$0	$0
JENNIFER STOKES	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
LINDA MCDONALD	TREASURER	001.00	Officer Director	$0	$0	$0
KAY ROMEO	TRUSTEE	001.00	Director	$0	$0	$0
PATRICIA RYAN	SECRETARY	001.00	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	$450,935	$571,036	$264,384	$-120,101
2023	$313,011	$611,084	$307,464	$-298,073
2022	$504,850	$550,054	$596,543	$-45,204
2021	$850,279	$571,249	$910,680	$279,030
2020	$808,806	$636,315	$502,477	$172,491
2019	$715,452	$681,794	$338,122	$33,658
2018	$770,449	$724,874	$284,629	$45,575

MASSENA PUBLIC LIBRARY