LYRASIS

EIN: 231365979 501(c)(3) Education

ALPHARETTA, GA

Total Revenue
$135,959,110
Total Expenses
$137,763,396
Total Assets
$96,587,207
Net Assets
$23,416,248
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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
1936
Legal Domicile
PA
Principal Officer
JOHN WILKIN
Phone
4048920943
Tax Period
2024-07-01 to 2025-06-30

LYRASIS, founded in 1936, is a major nonprofit in the Education sector that reported $136.0M in total revenue in fiscal year 2024.

Mission

THE PRIMARY AREAS OF FOCUS FOR LYRASIS ARE: CONTENT AND SCHOLARLY COMMUNICATIONS - LYRASIS USES OUR SCALE, STAFF EXPERTISE AND CAPACITY TO ADVANCE COMMUNITY INTERESTS WITH CRITICAL AND COLLABORATIVE RESOURCES, INCLUDING OPEN ACCESS, FOR LIBRARIES, ARCHIVES, MUSEUMS AND RESEARCH ORGANIZATIONS. HOSTING AND SOFTWARE SUPPORT - LYRASIS IS A RECOGNIZED PARTNER IN OPEN-SOURCE SOFTWARE FOR LIBRARIES, ARCHIVES, MUSEUMS AND RESEARCH COMMUNITIES, OFFERING HOSTING INFRASTRUCTURE AND COMMUNITY-LED TECHNOLOGIES AS A LEADER, A CONTRIBUTOR AND AS A SERVICE PROVIDER. LYRASIS IS PARTICIPATES IN AND IS HOME TO MULTIPLE OPEN SOURCE TECHNOLOGY COMMUNITIES, INCLUDING ARCHIVESSPACE, COLLECTIONSPACE, DSPACE, FEDORA AND VIVO. IN ADDITION, LYRASIS OFFERS HOSTING, MIGRATION, DATA MANAGEMENT AND SUPPORT. EBOOKS AND COMMUNITY ENGAGEMENT - LYRASIS OFFERS MULTI-MODAL TOOLS THAT HELP LIBRARIES OFFER EBOOKS AND UNIQUE LOCAL CONTENT TO THEIR PATRONS AND USERS, INCLUDING BIBLIOBOARD, THE INDIE AUTHOR PROJECT AND THE PALACE PROJECT, BOOSTING ENGAGEMENT AND PUTTING THE LIBRARY AT THE CENTER OF THEIR COMMUNITY. PROGRAMS AND SERVICES FOR MEMBERS - LYRASIS OFFERS UNIQUE SERVICES FOR MEMBERS AND BEYOND, INCLUDING PROFESSIONAL DEVELOPMENT, CONSULTING, PARTNERSHIP ON GRANTS AND SPECIAL PROJECTS AND OPPORTUNITIES TO COLLABORATE WITH COLLEAGUES FOR LIBRARY, ARCHIVES, MUSEUM AND KNOWLEDGE PROFESSIONALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,476,729
Program Service Revenue $133,096,120
Investment Income $1,386,261
Other Revenue $0
TOTAL REVENUE $135,959,110

Expense Breakdown

Grants Paid $106,137
Salaries & Benefits $14,254,350
Fundraising Expenses $0
Program Expenses $130,246,627
Other Expenses $123,402,909
TOTAL EXPENSES $137,763,396

Year-over-Year Comparison

2024 2023 Change
Revenue $135,959,110 $129,673,975 +0.0%
Expenses $137,763,396 $126,243,185 +0.1%
Net Income $-1,804,286 $3,430,790 -1.5%
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

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Governance

Voting Members
12
Independent Members
11
Employees
100
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
6
$611,170
Total Directors
13
$362,285
Key Employees
8
$1,742,794
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COURTNEY L YOUNG BOARD CHAIR 2.50
Officer Director
$0 $0 $0
MAURICE YORK BOARD VICE-CHAIR 2.50
Officer Director
$0 $0 $0
KAITLIN THANEY BOARD TREASURER 2.50
Officer Director
$0 $0 $0
JASON KUCSMA BOARD SECRETARY 2.50
Officer Director
$0 $0 $0
MIGELL ACOSTA BOARD DIRECTOR 2.50
Director
$0 $0 $0
KRISTINA ALAYAN BOARD DIRECTOR 2.50
Director
$0 $0 $0
BIANCA AMARO BOARD DIRECTOR 2.50
Director
$0 $0 $0
MEREDITH EVANS BOARD DIRECTOR 2.50
Director
$0 $0 $0
EVVIVA WEINRAUB LAJOIE BOARD DIRECTOR 2.50
Director
$0 $0 $0
FELTON THOMAS BOARD DIRECTOR 2.50
Director
$0 $0 $0
JOHN WANG BOARD DIRECTOR 2.50
Director
$0 $0 $0
WENDY CORNELISEN PAST BOARD CHAIR 2.50
Director
$0 $0 $0
JOHN WILKIN CEO 40.00
Officer Director
$334,815 $27,470 $362,285
MICHELLE TILLER CFO 40.00
Officer
$228,833 $20,052 $248,885
MICHAEL ATWOOD SR. DIRECTOR, EBOOKS/CE 40.00
Key Emp
$222,382 $29,903 $252,285
ERIN TRIPP COO 40.00
Key Emp
$215,842 $19,942 $235,784
TAKEYA MCLAURIN CHRO 40.00
Key Emp
$207,783 $36,420 $244,203
JOHN MCGARL TREASURER 40.00
Key Emp
$198,867 $27,014 $225,881
LISA LARSON SR. DIRECTOR, OUTREACH/ENGAGEMENT 40.00
Key Emp
$178,115 $27,225 $205,340
KAREN FEATHER SR. DIRECTOR, CONTENT/SCI 40.00
Key Emp
$177,650 $32,273 $209,923
LAURIE ARP SR. DIRECTOR 40.00
Key Emp
$176,900 $21,075 $197,975
RAILI THRONDSON SR. DIRECTOR, IT 40.00
Key Emp
$158,152 $13,251 $171,403
VALERIE KAVANAGH MGR, OUTREACH EBOOKS/CE 40.00
Highest
$182,134 $15,917 $198,051
DAVID HARP SR. ENGINEERING LEAD 40.00
Highest
$180,083 $15,199 $195,282
JESSICA DUGGAN DIRECTOR OF OPERATIONS 40.00
Highest
$151,962 $13,207 $165,169
MARK COOPER SR. ENGINEERING LEAD 40.00
Highest
$147,479 $12,586 $160,065
JAMES ENGLISH DIRECTOR OF BD EBOOKS/CE 40.00
Highest
$147,093 $31,648 $178,741
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 $135,959,110 $137,763,396 $96,587,207 $-1,804,286
2024 $129,673,975 $126,243,185 $82,067,198 $3,430,790
2023 $123,867,112 $124,108,903 $70,733,326 $-241,791
2022 $91,093,922 $90,471,426 $66,227,592 $622,496
2021 $78,536,382 $78,313,652 $57,303,144 $222,730
2020 $78,257,852 $77,941,174 $44,460,654 $316,678
2019 $79,508,203 $79,488,527 $33,290,249 $19,676
2018 $79,376,875 $78,926,466 $35,941,738 $450,409
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