The Mercantile Library

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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

2006

Legal Domicile

Principal Officer

John Faherty

Phone

5136210717

Tax Period

2023-01-01 to 2023-12-31

The Mercantile Library, founded in 2006, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 58% operating margin.

Mission

A general library organized and operated for literary purposes. The members of the association seek to make a difference through literature and ideas, advancing interest in the written word, and celebrating the best in literary achievement.

Program Service Accomplishments

Program 1

Expenses: $895,259

During 2023, the library had approximately 2,109 members. The library continued to add to its core collection of books, concurrently and continually presenting a broad range of programs and items of interest to readers, either in person or via online streaming. Activities included multi-part book discussions, a poetry group, author appearances and lectures of interest to the general public.

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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 $2,460,428

Program Service Revenue $93,537

Investment Income $478,005

Other Revenue $19,029

TOTAL REVENUE $3,050,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,057

Fundraising Expenses $189,276

Program Expenses $895,259

Other Expenses $590,738

TOTAL EXPENSES $1,273,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,050,999	$1,350,440	+1.3%
Expenses	$1,273,795	$1,291,017	0.0%
Net Income	$1,777,204	$59,423	+28.9%

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

$209,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Faherty	Executive Dir.	40.00	Officer	$191,094	$18,815	$209,909
Jena' Bradley	Trustee	1.00	Director	$0	$0	$0
Laura Humphrey	Trustee	1.00	Director	$0	$0	$0
Thomas Freeman	Trustee	1.00	Director	$0	$0	$0
Kathy Wilkinson	Trustee	1.00	Director	$0	$0	$0
Deborah Ginocchio	Trustee	1.00	Director	$0	$0	$0
Gabrielle Blocher	President	2.00	Officer Director	$0	$0	$0
Bridget Chayt	Trustee	1.00	Director	$0	$0	$0
Meera Kotagal	Trustee	1.00	Director	$0	$0	$0
Lynne Friedlander	Trustee	1.00	Director	$0	$0	$0
Naomi Dallob	Trustee	1.00	Director	$0	$0	$0
Tamara Harkavy	Trustee	1.00	Director	$0	$0	$0
Elizabeth Pierce	Trustee	1.00	Director	$0	$0	$0
Jay Rammes	Treasurer	2.00	Officer Director	$0	$0	$0
Peter Niehoff	Vice President	2.00	Officer Director	$0	$0	$0
Greg Rhodes	Trustee	1.00	Director	$0	$0	$0
Robert DiTomassi	Trustee	1.00	Director	$0	$0	$0
Abby Moran	Trustee	1.00	Director	$0	$0	$0
Dr Kimberly Hamlin	Secretary	1.00	Director	$0	$0	$0
George Vincent	Trustee	1.00	Director	$0	$0	$0
Jerry Kathman	Trustee	1.00	Director	$0	$0	$0
Ken Patel	Trustee	1.00	Director	$0	$0	$0
Ben Greenberg	Trustee	1.00	Director	$0	$0	$0
Kitty Rosenthal	Trustee	1.00	Director	$0	$0	$0
Selina Yoon	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
2024	No data	No data	No data	No data
2023	$3,050,999	$1,273,795	$8,733,470	$1,777,204
2022	$1,350,440	$1,291,017	$6,956,122	$59,423
2021	$1,392,295	$824,744	$6,896,600	$567,551
2020	$1,256,674	$849,206	$6,328,752	$407,468
2019	$1,335,270	$1,030,381	$5,921,316	$304,889
2018	$1,030,418	$1,039,684	$5,585,459	$-9,266