COOPERATING LIBRARIES AUTOMATED NETWORK (EIN 050465916) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

STEPHEN SPOHN

Phone

4017382200

Tax Period

2022-07-01 to 2023-06-30

COOPERATING LIBRARIES AUTOMATED NETWORK, founded in 1992, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2022. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

COOPERATING LIBRARIES AUTOMATED NETWORK (CLAN) IS A NON PROFIT NETWORK OF 49 PUBLIC LIBRARIES IN RI ESTABLISHED TO PROVIDE STATEWIDE SHARING OF LIBRARY MATERIALS AND ACCESS TO SHARED RESOURCES AND TECHNOLOGY SUPPORT AND TO BENEFIT THE LIBRARIES AND THE CITIZENS OF RHODE ISLAND.

🔒

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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,498,177

Program Service Revenue $27,799

Investment Income $34,896

Other Revenue $7,722

TOTAL REVENUE $2,568,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $983,141

Fundraising Expenses $0

Program Expenses $2,580,707

Other Expenses $1,767,448

TOTAL EXPENSES $2,750,589

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,568,594	$1,916,393	+0.3%
Expenses	$2,750,589	$2,492,307	+0.1%
Net Income	$-181,995	$-575,914	-0.7%

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

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

$133,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL SPACE	PRESIDENT	3.00	Officer Director	$0	$0	$0
COLIN MCCULLOUGH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGAN WEEDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
LAUREL CLARK	TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE DAMIANI	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ED GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE PAGE	DIRECTOR	2.00	Director	$0	$0	$0
BRIGITTE HOPKINS	DIRECTOR	2.00	Director	$0	$0	$0
ADRIENNE GIRARD	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER FIELD	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIN BAUMANN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN SPOHN	EXECUTIVE DIRECTOR	37.50	Officer	$120,020	$13,384	$133,404

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,568,594	$2,750,589	$1,816,093	$-181,995
2022	$1,916,393	$2,492,307	$1,755,027	$-575,914
2021	$2,162,450	$2,029,664	$2,318,863	$132,786
2020	$2,525,415	$2,399,304	$2,286,674	$126,111
2019	$2,428,922	$2,468,690	$2,058,632	$-39,768
2018	$2,296,225	$2,251,523	$2,089,121	$44,702

COOPERATING LIBRARIES AUTOMATED NETWORK