ALASKA LIBRARY NETWORK

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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

2008

Legal Domicile

Phone

9077861826

Tax Period

2023-07-01 to 2024-06-30

ALASKA LIBRARY NETWORK, founded in 2008, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $271K, a strong 16% operating margin.

Mission

The mission of the Alaska Library Network is to strengthen Alaska libraries in order to provide the best library services possible to the residents of Alaska.

Program Service Accomplishments

Program 1

Expenses: $416,418 Revenue: $500,000

SLED is a virtual library program that offers a range of resources for all age groups and delivers these resources via the internet to Alaskas students and residents

Program 2

Expenses: $307,977 Revenue: $377,356

Alaska Library Catalog meets the needs of the member libraries for a single integrated library system that provides enhanced access to library materials to the residents in their combined service...

Alaska Library Catalog meets the needs of the member libraries for a single integrated library system that provides enhanced access to library materials to the residents in their combined service areas. The ALC has more than 180,000 registered borrowers.

Program 3

Expenses: $211,751 Revenue: $223,540

The Bridging Knowledge grant program supports underrepresented students enrolled at San Jose State in the graduate library science program.

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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 $964,230

Program Service Revenue $736,704

Investment Income $8,670

Other Revenue $0

TOTAL REVENUE $1,709,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,438,896

Other Expenses $1,438,896

TOTAL EXPENSES $1,438,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,709,604	$1,663,060	+0.0%
Expenses	$1,438,896	$2,052,067	-0.3%
Net Income	$270,708	$-389,007	-1.7%

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

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
Elise Tomlinson	PresidentTreasurer	1.00	Officer Director	$0	$0	$0
Kathy Morgan	Secretary	1.00	Officer Director	$0	$0	$0
Catherine Melville	Vice President	1.00	Officer Director	$0	$0	$0
Teresa Williams	Board Member	1.00	Director	$0	$0	$0
Caitlin Jacobson	Board Member	1.00	Director	$0	$0	$0
Valarie Kingsland	ASL Representative	1.00	Director	$0	$0	$0
Vacant	Board Member	0.00	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	No data	No data	No data	No data
2024	$1,709,604	$1,438,896	$1,438,492	$270,708
2023	$1,663,060	$2,052,067	$1,167,784	$-389,007
2022	$1,660,762	$1,735,237	$1,556,791	$-74,475
2021	$1,621,496	$1,268,578	$1,631,266	$352,918
2020	$1,265,531	$1,170,999	$1,278,348	$94,532