Mercersburg Library Association 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

1961

Legal Domicile

Principal Officer

Thomas B Steiger Jr

Phone

7173289233

Tax Period

2024-09-01 to 2025-08-31

Mercersburg Library Association Inc, founded in 1961, is a micro nonprofit that reported $52K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $135K exceeded revenue, resulting in a 162% operating deficit.

Mission

Serves as the only free public library for Mercersburg, PA and the surrounding community.

Program Service Accomplishments

Program 1

Expenses: $135,473 Revenue: $9,992

Serves as the only free public library for the Borough of Mercersburg, PA and the Townships of Montgomery, Peters, and Warren. Approximately 5000 residents.

Program 2

Expenses: $0 Revenue: $0

Provides a repository for a collection of historic artifacts and items relating to the local area.

Program 3

Expenses: $0 Revenue: $0

Provides pre-school and reading programs for 150-200 young persons annually.

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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 $51,702

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,532

Fundraising Expenses $0

Program Expenses $135,473

Other Expenses $52,941

TOTAL EXPENSES $135,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,702	$82,228	-0.4%
Expenses	$135,473	$124,624	+0.1%
Net Income	$-83,771	$-42,396	+1.0%

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
Thomas B Steiger Jr	60 South Main Street, Mercersburg, PA 17236	1.00	Officer	$0	$0	$0
Sahhand Miraminy	14 N. Main St., Mercersburg, PA 17236	1.00	Director	$0	$0	$0
Annalisa D Ambrisco	12 South Main Street, Mercersburg, PA 17236	3.00	Officer	$0	$0	$0
Timothy D Strickler	7530 Clifton Hall Lane, Mercersburg, PA 17236	1.00	Officer	$0	$0	$0
Amy Mohr	12 Bennett Ave., Mercersburg, PA 17236	1.00	Director	$0	$0	$0
Janice Burns	30 W. Seminary St., Mercersburg, PA 17236	4.00	Officer	$0	$0	$0
Carrie Kerr	300 E. Seminary St., Mercersburg, PA 17236	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	$51,702	$135,473	$1,119,518	$-83,771
2024	$82,228	$124,624	$1,134,840	$-42,396
2023	$80,431	$90,034	$1,167,024	$-9,603
2022	$74,741	$78,051	$1,207,390	$-3,310
2021	$199,858	$53,939	$1,120,731	$145,919