SOUTHEAST REGIONAL LIBRARY SYSTEM SERLS

EIN: 310829210 501(c)(3) Education

Wellston, OH

Total Revenue
$184,413
Total Expenses
$250,830
Total Assets
$678,497
Net Assets
$678,497
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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
OH
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

The Southeast Regional Library System provides the library community of Southeast Ohio with effective and innovative professional and technical training, support services, leadership and cooperative opportunities through collaborative efforts among the members and other service providers.

Program Service Accomplishments

Program 1
Expenses: $139,241 Revenue: $139,241

Library service/subgrantee state funded. State programs of services is primarily administration: building/equipment, rental & maintenance, professional services to member libraries, employees and...

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Library service/subgrantee state funded. State programs of services is primarily administration: building/equipment, rental & maintenance, professional services to member libraries, employees and supplies to support program services.

Program 2
Expenses: $26,516 Revenue: $26,550

Non operating expenses are flow through services for health/dental insurance for staff and member libraries, and group purchases of BookPage, equipment and/or services.

Program 3
Expenses: $85,073 Revenue: $18,622

Administrative expenses for carrying out the service programs provided by the organization.

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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 (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

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Governance

Voting Members
14
Independent Members
14
Employees
2
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
2
$109,657
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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