Allegany County Library System (EIN 526001505) - 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

1960

Legal Domicile

Phone

3017771200

Tax Period

2024-07-01 to 2025-06-30

Allegany County Library System, founded in 1960, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

The Allegany County Library system enriches our community by providing information resources, services, and programs to promote reading, lifelong learning, and opportunity.

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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 $2,446,388

Program Service Revenue $0

Investment Income $0

Other Revenue $127,353

TOTAL REVENUE $2,573,741

Expense Breakdown

Grants Paid $111,362

Salaries & Benefits $1,601,930

Fundraising Expenses $0

Program Expenses $2,668,296

Other Expenses $1,156,918

TOTAL EXPENSES $2,870,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,573,741	$2,567,974	+0.0%
Expenses	$2,870,210	$2,877,483	0.0%
Net Income	$-296,469	$-309,509	0.0%

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	Role	Reportable Comp	Other Comp	Total
Deborah Hendrickson	Treasurer	Officer Director	$0	$0	$0
Renee Kniseley	President	Officer Director	$0	$0	$0
Bill Bingman	Secretary	Officer Director	$0	$0	$0
Juli McCoy	Director	Director	$0	$0	$0
Katie Weir	CEO	Director	$0	$0	$0
Molly McCord	Director	Director	$0	$0	$0
John Coburn	Director	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	$2,573,741	$2,870,210	$9,378,236	$-296,469
2024	No data	No data	No data	No data
2023	$3,123,126	$2,533,293	$9,705,219	$589,833
2022	$4,796,279	$2,308,847	$9,347,063	$2,487,432
2021	$3,351,830	$2,295,709	$7,020,495	$1,056,121
2020	$2,492,023	$2,398,051	$5,754,193	$93,972
2019	$2,253,396	$2,360,094	$5,426,650	$-106,698

Allegany County Library System