McCord Memorial Library Association

EIN: 251021791 501(c)(3)

North East, PA

Total Revenue
$425,109
Total Expenses
$433,160
Total Assets
$3,956,004
Net Assets
$3,952,285
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
PA
Principal Officer
Joyce Beardsley
Phone
8147254057
Tax Period
2025-01-01 to 2025-12-31

McCord Memorial Library Association, founded in 1955, is a small nonprofit that reported $425K in total revenue in fiscal year 2025. Revenue surged 42% from the prior year, signaling strong growth momentum. Net assets of $4.0M represent 112 months of operating reserves.

Mission

Dedicated to serving the North East area by assembling, organizing, preserving and making accessible books, materials and evolving technologies to provide stimulation, education and recreation for all citizens.

Program Service Accomplishments

Program 1
Expenses: $395,139 Revenue: $18,995

McCord Memorial Library has served the community of North East for 100 years. It is an independent library located in Erie County, Pennsylvania. It serves a community of approximately 12,000...

Read more

McCord Memorial Library has served the community of North East for 100 years. It is an independent library located in Erie County, Pennsylvania. It serves a community of approximately 12,000 inhabitants, of which over 10,000 are active library patrons. Its collection consists of over 45,000 items, including print and non-print items. The Library has a growing collection of audio and video titles, music CD's and computer software items for patron check out. The Library also provides internet access to its patrons free of charge. For its size, McCord maintains an extensive reference collection and a strong local history collection. They sponsor several juvenile story hours per week; do extensive community outreach to local preschools and local public and parochial schools; and provide extensive special juvenile programming to promote literacy. McCord also provides a full calendar of adult programs. They do significant on site and phone reference services; participate in Access PA; and provide countless other services to the residents of the community. McCord is an important, vital and integral member of the North East community, serving a varied clientele of children, students and adults.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $290,773
Program Service Revenue $18,995
Investment Income $109,836
Other Revenue $5,505
TOTAL REVENUE $425,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $178,919
Fundraising Expenses $0
Program Expenses $395,139
Other Expenses $254,241
TOTAL EXPENSES $433,160

Year-over-Year Comparison

2025 2024 Change
Revenue $425,109 $299,951 +0.4%
Expenses $433,160 $261,623 +0.7%
Net Income $-8,051 $38,328 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
13
Volunteers
25

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nathan Sellers Secretary 1.00
Officer Director
$0 $0 $0
April Boyd President 1.00
Officer Director
$0 $0 $0
Phyllis Hogue Vice President 1.00
Officer Director
$0 $0 $0
Bill Beardsley Treasurer 1.00
Officer Director
$0 $0 $0
Kara Haas Trustee 1.00
Director
$0 $0 $0
Alli DiGilio Trustee 1.00
Director
$0 $0 $0
Richard Bardol 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 $425,109 $433,160 $3,956,004 $-8,051
2024 $299,951 $261,623 $3,799,921 $38,328
2023 $193,976 $377,612 $3,669,843 $-183,636
2022 $534,730 $272,441 $3,564,420 $262,289
2021 $336,968 $209,556 $4,001,009 $127,412
2020 $284,363 $220,776 $3,798,256 $63,587
2019 $395,584 $252,611 $3,613,268 $142,973
2018 $417,347 $237,138 $3,302,059 $180,209
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare McCord Memorial Library Association with other nonprofits in Pennsylvania and across the country.