Library Connection Inc (EIN 270060711) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

Laura Horn

Phone

8609378261

Tax Period

2023-07-01 to 2024-06-30

Library Connection Inc, founded in 2003, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $2.6M represent 24 months of operating reserves.

Mission

To provide quality library services through the creation of a computerized shared patron and bibliographic data base and to provide certain services dependent thereon. The organization serves the needs of its member libraries and member library associations and aids in the development of interlibrary cooperation and resource sharing.

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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 $1,242,343

Investment Income $73,047

Other Revenue $240

TOTAL REVENUE $1,315,630

Expense Breakdown

Grants Paid $21,240

Salaries & Benefits $592,875

Fundraising Expenses $0

Program Expenses $1,170,597

Other Expenses $708,440

TOTAL EXPENSES $1,322,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,315,630	$1,411,879	-0.1%
Expenses	$1,322,555	$1,133,584	+0.2%
Net Income	$-6,925	$278,295	-1.0%

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

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

$133,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Horn	Executive Dir.	35.00	Officer	$111,636	$21,958	$133,594
Glenn Grube	Board Member	1.00	Director	$0	$0	$0
Kimberly McNally	Board Member	1.00	Director	$0	$0	$0
Elizabeth Lane	Board Member	1.00	Director	$0	$0	$0
Deborah Prozzo	Board Member	1.00	Director	$0	$0	$0
Sarah McCusker	Board Member	1.00	Director	$0	$0	$0
Kara Canney	Vice President	1.00	Officer Director	$0	$0	$0
Jason Neely	Board Member	1.00	Director	$0	$0	$0
Amy McCue	Board Member	1.00	Director	$0	$0	$0
Trish Tomlinson	Board Member	1.00	Director	$0	$0	$0
Aubrey Muscaro	Board Member	1.00	Director	$0	$0	$0
Ramona Burkey	President	1.00	Officer Director	$0	$0	$0
Lisa A Miceli	Board Member	1.00	Director	$0	$0	$0
Laura Irmscher	Secretary	1.00	Officer Director	$0	$0	$0
Gaye Rizzo	Board Member	1.00	Director	$0	$0	$0
Beth Piezzo	Board Member	1.00	Director	$0	$0	$0
Patricia Rutkowski	Board Member	1.00	Director	$0	$0	$0
Matt Earls	Board Member	1.00	Director	$0	$0	$0
Jennifer Billingsley	Board Member	1.00	Director	$0	$0	$0
Kate Byroade	Board Member	1.00	Director	$0	$0	$0
Sarah Morgan	Board Member	1.00	Director	$0	$0	$0
Erin Horazy	Board Member	1.00	Director	$0	$0	$0
Jocelyn Kennedy	Board Member	1.00	Director	$0	$0	$0
Amber Wyzik	Board Member	1.00	Director	$0	$0	$0
Douglas McDonough	Board Member	1.00	Director	$0	$0	$0
Kaithlin Epling	Board Member	1.00	Director	$0	$0	$0
Lisa Masten	Board Member	1.00	Director	$0	$0	$0
Kevin Sullivan	Board Member	1.00	Director	$0	$0	$0
Roseanne Krzanowski	Board Member	1.00	Director	$0	$0	$0
Brook Berry	Board Member	1.00	Director	$0	$0	$0
Lois Crozier	Board Member	1.00	Director	$0	$0	$0
Mary Hogan	Board Member	1.00	Director	$0	$0	$0
Carrie Tyszka	board member	1.00	Director	$0	$0	$0
Jodi Papazian	board member	1.00	Director	$0	$0	$0
Michael Murphy	board member	1.00	Director	$0	$0	$0
Erin Horanzy	board member	1.00	Director	$0	$0	$0
Devon Andrews	board member	1.00	Director	$0	$0	$0
Viktor Sjberg	board member	1.00	Director	$0	$0	$0
Tom Piezzo	board member	1.00	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	$1,315,630	$1,322,555	$2,733,777	$-6,925
2023	$1,411,879	$1,144,572	$2,602,459	$267,307
2022	$1,198,193	$1,165,698	$2,421,525	$32,495
2021	$1,159,763	$1,069,926	$2,666,019	$89,837
2020	$1,289,502	$1,220,975	$2,293,872	$68,527
2019	$1,283,686	$1,238,238	$2,399,404	$45,448

Library Connection Inc