SHERMAN LIBRARY ASSOCIATION 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

1925

Legal Domicile

Principal Officer

KATY OSBORN

Phone

8603542455

Tax Period

2024-07-01 to 2025-06-30

SHERMAN LIBRARY ASSOCIATION INC, founded in 1925, is a small nonprofit in the Education sector that reported $741K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 22% operating margin.

Mission

OPERATION OF A PUBLIC LIBRARY

Program Service Accomplishments

Program 1

Expenses: $566,345 Revenue: $13,267

A LIBRARY IS MAINTAINED FOR GENERAL PUBLIC USE. OPERATIONS INCLUDE EDUCATIONAL PROGRAMS FOR ADULTS AND YOUTH ALONG WITH SPECIAL PROGRAMS HELD TO STIMULATE INTEREST IN READING AND USE OF THE LOCAL...

A LIBRARY IS MAINTAINED FOR GENERAL PUBLIC USE. OPERATIONS INCLUDE EDUCATIONAL PROGRAMS FOR ADULTS AND YOUTH ALONG WITH SPECIAL PROGRAMS HELD TO STIMULATE INTEREST IN READING AND USE OF THE LOCAL LIBRARY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $348,048

Program Service Revenue $13,067

Investment Income $300,087

Other Revenue $80,262

TOTAL REVENUE $741,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,715

Fundraising Expenses $0

Program Expenses $566,345

Other Expenses $337,486

TOTAL EXPENSES $575,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$741,464	$438,819	+0.7%
Expenses	$575,201	$468,308	+0.2%
Net Income	$166,263	$-29,489	-6.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON KLEINBERG	TREASURER	5.00	Officer Director	$0	$0	$0
CHARLOTTE RUTSCH	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
AMANDA CROASMUN	SECRETARY	5.00	Officer Director	$0	$0	$0
DEE RATTERREE	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
IRIT GRANGER	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
BARBARA IRELAND	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
KATY OSBORN	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTY SEEWAGEN	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
JOHN EHRENREICH	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
SUZANNE TELSEY	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
P D VILLARREAL	BOARD OF TRUSTEES	5.00	Director	$0	$0	$0
JEFF MATUSOW	BOARD OF TRUSTEES	5.00	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	$741,464	$575,201	$4,026,030	$166,263
2024	$438,819	$468,308	$3,877,844	$-29,489
2023	$530,296	$465,358	$3,923,789	$64,938
2022	$339,146	$468,477	$3,842,762	$-129,331
2021	$356,701	$406,045	$3,972,093	$-49,344
2020	$288,858	$400,082	$4,038,702	$-111,224
2019	$278,251	$391,248	$4,116,736	$-112,997
2018	$285,494	$401,096	$4,218,552	$-115,602