JANE AND ANNETTE M HERR MEMORIAL LIBRARY (EIN 246024123) - 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

1944

Legal Domicile

Principal Officer

MEGHAN SHAMBACH

Phone

5709660831

Tax Period

2024-01-01 to 2024-12-31

JANE AND ANNETTE M HERR MEMORIAL LIBRARY, founded in 1944, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $292K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF HERR MEMORIAL LIBRARY IS TO CONTRIBUTE TO THE COMMUNITY THROUGH EXCELLENCE & RESPECT TO ACCOMPLISH LIFE-LONG LEARNING.

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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 $199,226

Program Service Revenue $0

Investment Income $2,697

Other Revenue $26,390

TOTAL REVENUE $228,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,173

Fundraising Expenses $0

Program Expenses $267,367

Other Expenses $156,340

TOTAL EXPENSES $291,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,313	$207,540	+0.1%
Expenses	$291,513	$247,508	+0.2%
Net Income	$-63,200	$-39,968	+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

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
AMBER LAWSON	TREASURER	1.00	Officer Director	$0	$0	$0
MEGHAN SHAMBACH	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNE SMITH	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
SUZANNE STACKHOUSE	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN TRUESDALE	MEMBER	1.00	Director	$0	$0	$0
SUSAN WAGGONER	MEMBER	1.00	Director	$0	$0	$0
MELANIE ZICKGRAF	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
2024	$228,313	$291,513	$1,039,449	$-63,200
2023	$207,540	$247,508	$1,100,633	$-39,968
2022	$246,671	$222,627	$1,139,394	$24,044
2021	$194,068	$196,249	$1,125,170	$-2,181
2020	$155,149	$183,226	$1,119,142	$-28,077
2019	$132,081	$191,382	$1,144,695	$-59,301
2018	$142,738	$189,427	$1,203,540	$-46,689

JANE AND ANNETTE M HERR MEMORIAL LIBRARY