PRIVATE ACADEMIC LIBRARY NETWORK OF INDIANA INC

EIN: 351854805 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$2,883,765
Total Expenses
$1,724,282
Total Assets
$8,084,327
Net Assets
$7,825,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IN
Principal Officer
KIRSTEN LEONARD
Phone
3177526831
Tax Period
2024-07-01 to 2025-06-30

PRIVATE ACADEMIC LIBRARY NETWORK OF INDIANA INC, founded in 1992, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 40% operating margin.

Mission

THE LIBRARIES OF THE PRIVATE ACADEMIC LIBRARY NETWORK OF INDIANA (PALNI) COLLABORATE TO ENHANCE THE TEACHING AND LEARNING MISSIONS OF PRIVATE HIGHER EDUCATION IN INDIANA BY OPTIMIZING RESOURCES AND SERVICES WHILE STRENGTHENING LEADERSHIP AND PROFESSIONAL DEVELOPMENT.

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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 $1,396,533
Program Service Revenue $1,016,458
Investment Income $470,774
Other Revenue $0
TOTAL REVENUE $2,883,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,022,391
Fundraising Expenses $0
Program Expenses $1,532,295
Other Expenses $701,891
TOTAL EXPENSES $1,724,282

Year-over-Year Comparison

2024 2023 Change
Revenue $2,883,765 $1,637,395 +0.8%
Expenses $1,724,282 $1,642,982 +0.0%
Net Income $1,159,483 $-5,587 -208.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
6
Volunteers
22

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
5
$163,903
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ROETHEMEYER PAST CHAIR 3.00
Officer Director
$0 $0 $0
FRITZ HARTMAN TREASURER 5.00
Officer Director
$0 $0 $0
JESSICA TRINOSKEY CHAIR 3.00
Officer Director
$0 $0 $0
BROOKE COX SECRETARY 3.00
Officer Director
$0 $0 $0
SHANNON EAVES CHAIR ELECT 1.00
Director
$0 $0 $0
MARISA ALBRECHT BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF BECK BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES BELL BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTINA BREWER BOARD MEMBER 1.00
Director
$0 $0 $0
AMY BRYANT BOARD MEMBER 1.00
Director
$0 $0 $0
BARB CHEN BOARD MEMBER 1.00
Director
$0 $0 $0
TONYA FAWCETT BOARD MEMBER 1.00
Director
$0 $0 $0
DARLA HAINES BOARD MEMBER 1.00
Director
$0 $0 $0
NOELLE KELLER BOARD MEMBER 1.00
Director
$0 $0 $0
DAN KOLB BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA MAHONEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH PETRUSA BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ROOT BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SEAY BOARD MEMBER 1.00
Director
$0 $0 $0
KARL STUTZMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
RUSTY TRYON BOARD MEMBER 1.00
Director
$0 $0 $0
KIRSTEN LEONARD EXECUTIVE DIRECTOR 50.00
Officer
$147,373 $16,530 $163,903
NOAH BRUBAKER ASSOCIATE DIRECTOR 50.00
Highest
$107,677 $28,150 $135,827
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 $2,883,765 $1,724,282 $8,084,327 $1,159,483
2024 $1,637,395 $1,642,982 $6,374,331 $-5,587
2023 $1,701,082 $1,856,812 $7,466,640 $-155,730
2022 $1,614,753 $1,453,909 $6,941,406 $160,844
2021 $1,821,764 $1,415,964 $7,049,589 $405,800
2020 $1,062,736 $1,208,478 $6,154,643 $-145,742
2019 $1,499,259 $1,178,883 $6,485,102 $320,376
2018 $1,032,793 $1,212,512 $5,634,517 $-179,719
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