ADAMS MEMORIAL LIBRARY

EIN: 250969469 501(c)(3)

LATROBE, PA

Total Revenue
$783,405
Total Expenses
$814,251
Total Assets
$7,921,268
Net Assets
$7,912,354
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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
1954
Legal Domicile
PA
Principal Officer
KATHRYN ELDER
Phone
7245391972
Tax Period
2025-01-01 to 2025-12-31

ADAMS MEMORIAL LIBRARY, founded in 1954, is a small nonprofit that reported $783K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $7.9M represent 121 months of operating reserves.

Mission

THE LIBRARY PROVIDES PUBLIC LIBRARY SERVICES, INCLUDING PROGRAMS, EDUCATIONAL RESOURCES, READING MATERIALS, OUTREACH AND INFORMATIONAL SERVICES THROUGH TWO BRANCHES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $371,679
Program Service Revenue $0
Investment Income $406,218
Other Revenue $5,508
TOTAL REVENUE $783,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $559,391
Fundraising Expenses $5,936
Program Expenses $666,269
Other Expenses $254,860
TOTAL EXPENSES $814,251

Year-over-Year Comparison

2025 2024 Change
Revenue $783,405 $620,989 +0.3%
Expenses $814,251 $774,027 +0.1%
Net Income $-30,846 $-153,038 -0.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
23
Volunteers
4

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA BURNS DIRECTOR N/A
Director
$0 $0 $0
ANNETTE COUCH SECRETARY N/A
Officer Director
$0 $0 $0
DAVID DEROSE DIRECTOR N/A
Director
$0 $0 $0
BRIDGET DIVITTIS DIRECTOR N/A
Director
$0 $0 $0
KATHRYN ELDER PRESIDENT N/A
Officer Director
$0 $0 $0
MARIE MCCANDLESS DIRECTOR N/A
Director
$0 $0 $0
MICHAEL POREMBKA DIRECTOR N/A
Director
$0 $0 $0
DONNA SHOWALTER DIRECTOR N/A
Director
$0 $0 $0
LUCINDA SOLTYS VICE-PRESIDE N/A
Officer Director
$0 $0 $0
BRAD TOMAN DIRECTOR N/A
Director
$0 $0 $0
DAN WATSON TREASURER N/A
Officer Director
$0 $0 $0
TRACY TROTTER LIBRARY DIRE N/A
Officer
$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 $783,405 $814,251 $7,921,268 $-30,846
2024 $620,989 $774,027 $7,437,893 $-153,038
2023 $639,470 $737,071 $6,746,789 $-97,601
2022 $806,085 $695,993 $6,259,016 $110,092
2021 $864,517 $668,265 $7,660,827 $196,252
2020 $656,961 $606,604 $6,650,534 $50,357
2019 $732,585 $616,920 $5,754,375 $115,665
2018 $541,085 $664,375 $4,948,411 $-123,290
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