SOUTHERN TIER LIBRARY SYSTEM

🔒

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

1958

Legal Domicile

Principal Officer

BRIAN HILDRETH

Phone

6079623141

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN TIER LIBRARY SYSTEM, founded in 1958, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024.

Mission

THE SOUTHERN TIER LIBRARY SYSTEM, A REGIONAL CONSORTIUM OF PUBLIC LIBRARIES, WORKS IN PARTNERSHIP WITH ITS MEMBERS TO SUPPORT AND STRENGTHEN THEM THROUGH CLEARLY DEFINED, COST-EFFECTIVE SERVICES THAT MAKE POSSIBLE THE COORDINATION AND SHARING OF RESOURCES, ENABLING ALL INDIVIDUALS IN THE FIVE COUNTY REGION TO HAVE EQUAL ACCESS TO EXCELLENT LIBRARY SERVICES.

Program Service Accomplishments

Program 1

Expenses: $985,985 Revenue: $596,360

INFORMATION TECHNOLOGY - MAINTAINS THE ONLINE INTEGRATED LIBRARY SYSTEM SOFTWARE THAT ENABLES RESIDENTS TO USE STARCAT, THE ONLINE REGIONAL LIBRARY CATALOG. AS A RESULT, RESIDENTS CAN USE COMPUTERS AT HOME, SCHOOL OR WORK TO SEARCH FOR, REQUEST AND EVEN DOWNLOAD MATERIALS OWNED BY ANY PUBLIC LIBRARY IN THE FIVE-COUNTY REGION. SOUTHERN TIER LIBRARY SYSTEM ALSO PROVIDES MEMBER LIBRARIES WITH TECHNICAL ASSISTANCE IN THE USE OF HARDWARE, SOFTWARE, NETWORK SECURITY, WEBSITE SUPPORT, TRAINING LABS AND THE PERIPHERALS USED TO ACCESS SOUTHERN TIER AUTOMATED SERVICES. THIS ASSISTANCE MAKES POSSIBLE INTERNET ACCESS TO RESIDENTS ON IN-LIBRARY COMPUTERS AND THROUGH WIRELESS ACCESS.

Program 2

Expenses: $136,833 Revenue: $0

OUTREACH - PROVIDES SUPPORT SERVICES TO SPECIAL CLIENT POPULATION GROUPS. LOANS LARGE PRINT LIBRARY BOOKS AND AUDIO BOOKS TO ASSISTED LIVING FACILITIES AND SMALL RURAL LIBRARIES. PURCHASES BOOKS AND MAGAZINES FOR INMATES AT COUNTY JAILS. COORDINATES PROGRAMS FOR LIBRARIES IN PARTNERSHIP WITH AGENCIES, LOCAL GOVERNMENT AND NON-PROFITS. ADMINISTERS GRANTS TO LOCAL LIBRARIES TO PROVIDE SUPPORT PROGRAMS AND SERVICES TO UNDERSERVED POPULATIONS. PURCHASES LIBRARY BOOKS FOR INMATE POPULATIONS AT CORRECTIONAL FACILITIES AND COORDINATES DELIVERY OF LIBRARY MATERIALS FROM LOCAL LIBRARIES.

Program 3

Expenses: $301,358 Revenue: $37,829

MEMBER SERVICES - ADMINISTERS GRANTS AND MATERIALS FOR MEMBER LIBRARIES. RECEIVES AND DISTRIBUTES STATE AID AND STATE GRANTS. APPLIES FOR ADDITIONAL GRANTS AND ADVOCATES FOR COUNTY FUNDING. SELECTS, NEGOTIATES PRICES OF, AND PURCHASES SUPPLIES, BAR CODE LABELS AND BAR CODE READERS, AUDIO BOOKS, COMPUTERS, PERIPHERALS, SOFTWARE AND OTHER ITEMS ON BEHALF OF MEMBER LIBRARIES.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $1,978,932

Program Service Revenue $543,221

Investment Income $20,618

Other Revenue $260,052

TOTAL REVENUE $2,802,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,567,239

Fundraising Expenses $0

Program Expenses $2,432,511

Other Expenses $1,477,256

TOTAL EXPENSES $3,044,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,802,823	$2,901,095	0.0%
Expenses	$3,044,495	$2,869,401	+0.1%
Net Income	$-241,672	$31,694	-8.6%

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

$186,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY GREEN	PRESIDENT	1.50	Officer Director	$0	$0	$0
LYNNETTE DECKER	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
LOUISE RICHARDSON	SECRETARY	1.50	Officer Director	$0	$0	$0
SISI BARR	TREASURER	1.50	Officer Director	$0	$0	$0
RICHARD AHOLA	TRUSTEE	1.50	Director	$0	$0	$0
RACHEL BARBOUR	TRUSTEE	1.50	Director	$0	$0	$0
BETSY GORMAN	TRUSTEE	1.50	Director	$0	$0	$0
DAVID HAGGSTROM	TRUSTEE	1.50	Director	$0	$0	$0
BARBARA HUBBELL	TRUSTEE	1.50	Director	$0	$0	$0
MARY-CLAIRE KREBS	TRUSTEE	1.50	Director	$0	$0	$0
SUSAN MCGILL	TRUSTEE	1.50	Director	$0	$0	$0
RICHARD URBAN	TRUSTEE	1.50	Director	$0	$0	$0
DAN ACTON	TRUSTEE	1.50	Director	$0	$0	$0
MICHAEL STEFFENS	TRUSTEE	1.50	Director	$0	$0	$0
BRIAN HILDRETH	EXECUTIVE DIRECTOR	37.50	Officer	$121,378	$64,678	$186,056

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	$2,802,823	$3,044,495	$3,511,561	$-241,672
2023	$2,901,095	$2,869,401	$3,831,081	$31,694
2022	$3,369,341	$2,930,644	$3,762,789	$438,697
2021	$2,939,739	$2,850,495	$3,072,601	$89,244
2020	$2,795,868	$2,793,343	$2,971,310	$2,525
2019	$2,530,830	$2,653,091	$2,610,886	$-122,261
2018	$3,092,436	$2,751,665	$2,935,541	$340,771