SOUTHEAST REGIONAL LIBRARY SYSTEM SERLS (EIN 310829210) - 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

1975

Legal Domicile

Principal Officer

Brenda Hutchison

Phone

7403842103

Tax Period

2023-07-01 to 2024-06-30

SOUTHEAST REGIONAL LIBRARY SYSTEM SERLS, founded in 1975, is a small nonprofit in the Education sector that reported $184K in total revenue in fiscal year 2023. Expenses of $251K exceeded revenue, resulting in a 36% operating deficit.

Mission

Library services/sub-grantee fund. State programs of professional service is primarily administrative to member libraries and employees and supplies to support program services.

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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 $139,241

Program Service Revenue $39,360

Investment Income $5,812

Other Revenue $0

TOTAL REVENUE $184,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,223

Fundraising Expenses $0

Program Expenses $250,830

Other Expenses $139,607

TOTAL EXPENSES $250,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,413	$181,677	+0.0%
Expenses	$250,830	$172,595	+0.5%
Net Income	$-66,417	$9,082	-8.3%

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

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

$109,657

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jay Burton	Director/Facility Manager	40	Officer	$77,788	$11,657	$89,445
Brenda Hutchison	Fiscal Officer	20	Officer	$17,570	$2,642	$20,212
Mary Leffler	Board President & Trustee	0.5	Director	$0	$0	$0
Natosha Massie	Board Vice-President & Trustee	0.5	Director	$0	$0	$0
Amie Hatfield	Board Secretary & Trustee	0.5	Director	$0	$0	$0
Gretchen Claypool	Board Trustee	0.5	Director	$0	$0	$0
Roger Donaldson	Board Trustee	0.5	Director	$0	$0	$0
Kristi Eblin	Board Trustee	0.5	Director	$0	$0	$0
James Hill	Board Trustee	0.5	Director	$0	$0	$0
Tony Howard	Board Trustee	0.5	Director	$0	$0	$0
Peggy Johnson	Board Trustee	0.5	Director	$0	$0	$0
Diana Johnston	Board Trustee	0.5	Director	$0	$0	$0
Michael Limer	Board Trustee	0.5	Director	$0	$0	$0
Debbie Saunders	Board Trustee	0.5	Director	$0	$0	$0
Paige Williams	Board Trustee	0.5	Director	$0	$0	$0
Karen Yablonsky	Board Trustee	0.5	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	$184,413	$250,830	$678,497	$-66,417
2023	$181,677	$172,595	$744,914	$9,082
2022	$179,598	$172,682	$735,832	$6,916
2021	$184,732	$170,415	$728,916	$14,317

SOUTHEAST REGIONAL LIBRARY SYSTEM SERLS