Cherry Valley Memorial Library

Nonprofit profile at a glance

EIN
161328979
IRS 990-EZ coverage
2013–2024
Forms available
Form 990 2012, Form 990-EZ 2024
Location
Cherry Valley, NY, USA
Phone
6072648214
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$57,603
Expenses
$65,193
Assets
$480,487

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KATHLEEN TAYLOR (PRESIDENT)

People named in this filing

  • LAURA HORVATH (FINANCIAL OF)
  • KATHLEEN TAYLOR (PRESIDENT)
  • KEITH WILCOX (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The cherry valley memorial library provides materials and services to serve as a learning and educational center for all residents of the community

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.2%; rating input score 90

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -13.2%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 7.37; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 4.9% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $59K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 28/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.