MERCER AREA LIBRARY 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

1981

Legal Domicile

Principal Officer

DONNA YOUNG

Phone

7246624233

Tax Period

2023-01-01 to 2023-12-31

MERCER AREA LIBRARY INC, founded in 1981, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $192K left a modest 9% surplus.

Mission

TO PROMOTE LITERACY ENHANCEMENT, PROVIDE EDUCATIONAL SUPPORT FOR ALL STUDENTS AND ENHANCE RECREATIONAL ENJOYMENT OF READING.

Program Service Accomplishments

Program 1

Expenses: $160,325 Revenue: $21,479

THE LIBRARY PROVIDES EDUCATIONAL, INFORMATIONAL AND RECREATIONAL MATERIALS AND PROGRAMS, AND SERVICES TO THE RESIDENTS OF THE FIVE MUNICIPALITIES THAT COMPRISE THE MERCER AREA SCHOOL DISTRICT AND...

THE LIBRARY PROVIDES EDUCATIONAL, INFORMATIONAL AND RECREATIONAL MATERIALS AND PROGRAMS, AND SERVICES TO THE RESIDENTS OF THE FIVE MUNICIPALITIES THAT COMPRISE THE MERCER AREA SCHOOL DISTRICT AND RESIDENTS OF THE SURROUNDING AREAS. LIBRARY CARDS ARE FREE TO ANY RESIDENT OF THE FIVE MUNICIPALITIES. NON-RESIDENTS OF THESE MUNICIPALITIES ARE CHARGED A $20 FEE PER YEAR PER FAMILY. THE LIBRARY PROVIDES A VARIETY OF SERVICES AS A COMMUNITY LIBRARY, SUCH AS CHILDREN'S AND YOUTH PROGRAMS, ADULT PROGRAMS, AND USED BOOK SALES. THESE SERVICES ARE IN ADDITION TO THE BASIC LIBRARY SERVICES OF PROVIDING ITS COLLECTION OF BOOKS, PERIODICALS AND INTERNET SERVICES TO THE LIBRARY'S PATRONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $136,463

Program Service Revenue $21,477

Investment Income $52,341

Other Revenue $2

TOTAL REVENUE $210,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,092

Fundraising Expenses $1,171

Program Expenses $160,325

Other Expenses $107,160

TOTAL EXPENSES $192,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,283	$159,982	+0.3%
Expenses	$192,252	$146,694	+0.3%
Net Income	$18,031	$13,288	+0.4%

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

$41,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA SMITH	PRESIDENT	0.50	Officer Director	$0	$0	$0
DONNA YOUNG	TREASURER	0.50	Officer Director	$0	$0	$0
SHERRY BLAKESLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
CINDY BUTCH	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANNA EPERTHENER	BOARD MEMBER	0.50	Director	$0	$0	$0
DALE REIMOLD	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURIE RUHLMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBBIE THOMPSON	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN WATSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW GOLDYN	LIBRARY DIRECTOR	35.00	Officer	$41,034	$0	$41,034

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	No data	No data	No data	No data
2023	$210,283	$192,252	$1,220,073	$18,031
2022	$159,982	$146,694	$1,075,901	$13,288
2021	$144,394	$143,664	$1,297,574	$730
2020	$213,268	$125,962	$1,187,187	$87,306
2019	$159,033	$138,963	$1,028,299	$20,070
2018	$125,173	$150,051	$893,685	$-24,878