CARNEGIE LIBRARY OF PITTSBURGH

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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

1895

Legal Domicile

Principal Officer

ANDREW MEDLAR

Phone

4126223104

Tax Period

2025-01-01 to 2025-12-31

CARNEGIE LIBRARY OF PITTSBURGH, founded in 1895, is a mid-sized nonprofit in the Education sector that reported $48.2M in total revenue in fiscal year 2025. Net assets of $136.8M represent 34 months of operating reserves.

Mission

THE MISSION OF CARNEGIE LIBRARY OF PITTSBURGH IS TO FOSTER LITERACY, ENABLE EXPLORATION, AND CREATE CONNECTIONS WITH ALL OUR NEIGHBORS. SEE FULL DESCRIPTION IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $40,155,621 Revenue: $220,337

ANDREW CARNEGIE ONCE ENVISIONED PUBLIC LIBRARIES AS PLACES OF LEARNING AND EQUAL OPPORTUNITY. SINCE 1895, CARNEGIE LIBRARY OF PITTSBURGH (CLP) HAS BEEN PRESENT FOR EVERY CHALLENGE AND OPPORTUNITY...

ANDREW CARNEGIE ONCE ENVISIONED PUBLIC LIBRARIES AS PLACES OF LEARNING AND EQUAL OPPORTUNITY. SINCE 1895, CARNEGIE LIBRARY OF PITTSBURGH (CLP) HAS BEEN PRESENT FOR EVERY CHALLENGE AND OPPORTUNITY FACING OUR COMMUNITY WHILE ALSO ENGAGING PEOPLE IN LITERACY AND LEARNING. WHILE BOOKS AND MATERIALS REMAIN THE HEART OF THE LIBRARY, CLP HAS TRANSFORMED INTO A COMMUNITY CORNERSTONE THAT FOCUSES ON EDUCATION, WORKFORCE AND ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD VITALITY. THE LIBRARY EMPOWERS PEOPLE OF THE PITTSBURGH REGION AND HELPS TRANSFORM THEIR LIVES THROUGH LIFELONG LEARNING, DIGITAL LITERACY, AND CONNECTIONS TO OTHERS. AT THE LIBRARY, IDEAS, PEOPLE, AND COMMUNITY PARTNERS INTERACT TO CREATE POSITIVE CHANGE. (CONTINUED ON SCHEDULE O)

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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 (2025)

Revenue Breakdown

Contributions & Grants $45,038,823

Program Service Revenue $220,337

Investment Income $2,810,780

Other Revenue $123,986

TOTAL REVENUE $48,193,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,896,981

Fundraising Expenses $1,102,316

Program Expenses $40,155,621

Other Expenses $19,281,061

TOTAL EXPENSES $47,178,042

Year-over-Year Comparison

	2025	2024	Change
Revenue	$48,193,926	$47,344,232	+0.0%
Expenses	$47,178,042	$45,461,589	+0.0%
Net Income	$1,015,884	$1,882,643	-0.5%

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

549

Volunteers

189

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

$686,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW MEDLAR	PRESIDENT &	37.50	Officer	$266,622	$34,036	$300,658
LINDA BARSEVICH	DIR FINANCE	37.50	Officer	$177,027	$28,438	$205,465
KARLYN VOSS	DIR EXT & GO	37.50	Officer	$152,581	$28,116	$180,697
MARY MONAGHAN	DIR PUBLIC S	37.50	Highest	$160,510	$17,425	$177,935
RON GRAZIANO	DIR FACILITI	37.50	Highest	$151,088	$26,638	$177,726
DEBORAH ROGERS	DIR IDEA	37.50	Highest	$130,318	$15,497	$145,815
PAUL VANDERWIEL	DIR HUMAN RE	37.50	Highest	$139,187	$27,423	$166,610
MOLLY BENNETT	DIR COMMUNIC	37.50	Highest	$139,860	$16,176	$156,036
MARC BROWN	CHAIR	5.00	Officer Director	$0	$0	$0
LASHAWNDA THOMAS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
LAURA MILLER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ERIKA STRASSBURGER	SECRETARY	5.00	Officer Director	$0	$0	$0
SUE KIRSCH	TREASURER	5.00	Officer Director	$0	$0	$0
ELIZABETH BARAN JOINED 2025	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY BREAN	TRUSTEE	1.00	Director	$0	$0	$0
JOEL BERNARD LEFT 525	TRUSTEE	1.00	Director	$0	$0	$0
ANNE CHEN JOINED 2025	TRUSTEE	1.00	Director	$0	$0	$0
NICK CERTO	TRUSTEE	1.00	Director	$0	$0	$0
JAY COSTA	TRUSTEE	1.00	Director	$0	$0	$0
KENYOKEE CROWELL	TRUSTEE	1.00	Director	$0	$0	$0
SAM DEMARCO LEFT 225	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK DOWD	TRUSTEE	1.00	Director	$0	$0	$0
MIKE EMBRESCIA JOINED 2025	TRUSTEE	1.00	Director	$0	$0	$0
AMY ERICSON	TRUSTEE	1.00	Director	$0	$0	$0
TRISHA GADSON	TRUSTEE	1.00	Director	$0	$0	$0
DEB GROSS	TRUSTEE	1.00	Director	$0	$0	$0
BETHANY HALLAM	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN HESS ABRAHAM	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HILL	TRUSTEE	1.00	Director	$0	$0	$0
PAUL KLEIN JOINED 2025	TRUSTEE	1.00	Director	$0	$0	$0
R DANIEL LAVELLE	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW MCEVOY	TRUSTEE	1.00	Director	$0	$0	$0
LAFE METZ	TRUSTEE	1.00	Director	$0	$0	$0
DAN MILLER LEFT 525	TRUSTEE	1.00	Director	$0	$0	$0
ALICE MITINGER	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH MOSS	TRUSTEE	1.00	Director	$0	$0	$0
JAKE PAWLAK	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE PIOTROWSKI	TRUSTEE	1.00	Director	$0	$0	$0
CARY REED	TRUSTEE	1.00	Director	$0	$0	$0
JOHN RHOADES	TRUSTEE	1.00	Director	$0	$0	$0
CAROL ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
PAT SIGER	TRUSTEE	1.00	Director	$0	$0	$0
GIA TATONE LEFT 525	TRUSTEE	1.00	Director	$0	$0	$0
LOU TESTONI	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA WARWICK	TRUSTEE	1.00	Director	$0	$0	$0
ALLEGRA WILES	TRUSTEE	1.00	Director	$0	$0	$0
DAMON YOUNG JOINED 2025	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY ZOVKO	TRUSTEE	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	$48,193,926	$47,178,042	$145,288,020	$1,015,884
2024	$47,344,232	$45,461,589	$141,307,339	$1,882,643
2023	$47,334,364	$43,750,113	$138,393,551	$3,584,251
2022	$46,258,283	$38,704,097	$128,546,025	$7,554,186
2021	$43,541,952	$36,902,534	$129,763,715	$6,639,418
2020	$41,860,452	$35,460,265	$120,259,666	$6,400,187
2019	$40,570,056	$36,912,968	$105,240,136	$3,657,088
2018	$45,042,306	$37,439,012	$97,087,144	$7,603,294