METRONET LIBRARY CONSORTIUM

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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

1993

Legal Domicile

Principal Officer

KELLEY SIEGRIST

Phone

2485530300

Tax Period

2023-07-01 to 2024-06-30

METRONET LIBRARY CONSORTIUM, founded in 1993, is a small nonprofit that reported $301K in total revenue in fiscal year 2023.

Mission

TO PROMOTE RESOURCE SHARING IN A LIBRARY SETTING AND TO FACILITATE THE PROVISION OF SERVICES DESIRED BY THE MEMBERSHIP. RESOURCE SHARING IS DEFINED AS, BUT NOT LIMITED TO, RECIPROCAL BORROWING, INTERLOAN, AND INTRALOAN. METRONET WISHES TO ESTABLISH RECIPROCAL BORROWING AGREEMENTS WITH LIBRARY COOPERATIVES, MULTITYPE LIBRARY NETWORKS AND INDIVIDUAL LIBRARIES.THE LIBRARIES PARTICIPATING IN METRONET HAVE A COMMON VISION EXPANDING BEYOND THE TRADITIONAL PUBLIC LIBRARY SERVICE. METRO NET SHALL BE PROACTIVE AND CREATE A FLEXIBLE ENVIRONMENT CONDUCIVE TO EXPERIMENTATION, TECHNOLOGICAL INNOVATIONS, AND PROGRESSIVE APPROACHES TO LIBRARY SERVICE. TO REALIZE THIS VISION, THERE MUST BE COLLABORATIVE LEADERSHIP, TECHNICAL AND INTELLECTUAL SHARING OF RESOURCES AMONG LIBRARIES OF ALL TYPES. AS THE VISION BECOMES REALITY, THERE WILL EMERGE THE PARTICIPATING LIBRARIES DIVERSE APPROACHES, BUT A FLEXIBLE AND COORDINATED STRUCTURE.

Program Service Accomplishments

Program 1

Expenses: $281,707 Revenue: $301,207

GROUP PURCHASING - (DATABASES, E-MATERIALS, OTHER SHARED ELECTRONIC RESOURCES) PROMOTING LITERACY THROUGH THE SHARING OF ELECTRONIC RESOURCES AND OTHER MATERIALS THAT OTHERWISE MAY NOT BE AVAILABLE...

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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 $0

Program Service Revenue $301,207

Investment Income $175

Other Revenue $0

TOTAL REVENUE $301,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,707

Other Expenses $294,727

TOTAL EXPENSES $294,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,382	$306,044	0.0%
Expenses	$294,727	$299,212	0.0%
Net Income	$6,655	$6,832	0.0%

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

N/A

Volunteers

N/A

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
TERA MOON	PRESIDENT	0.50	Officer Director	$0	$0	$0
CATHY RUSS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KELLEY SIEGRIST	TREASURER	0.50	Officer Director	$0	$0	$0
REBEKAH CRAFT	SECRETARY	0.50	Officer Director	$0	$0	$0
JULIANE MORIAN	DIRECTOR	0.50	Director	$0	$0	$0
MARY BEALL	DIRECTOR	0.50	Director	$0	$0	$0
EVA DAVIS	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$301,382	$294,727	$43,038	$6,655
2023	$306,044	$299,212	$36,350	$6,832
2022	$312,757	$305,961	$25,331	$6,796
2021	$303,771	$292,307	$39,466	$11,464
2020	$237,709	$195,674	$60,698	$42,035