CENTER FOR RESEARCH LIBRARIES

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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

1949

Legal Domicile

Principal Officer

JACOB NADAL

Phone

7739554545

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR RESEARCH LIBRARIES, founded in 1949, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2024. Expenses of $7.8M left a modest 12% surplus.

Mission

TO FOSTER AND ADVANCE SCHOLARLY AND SCIENTIFIC RESEARCH THROUGH COST-EFFECTIVE, COOPERATIVE PROGRAMS THAT PROVIDE RELIABLE ACCESS THROUGH TRADITIONAL AND ELECTRONIC MEANS OF COLLECTIONS AND CONTENT OF RESEARCH LIBRARY MATERIALS TO SUPPORT RESEARCH AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $1,281,992

ACQUISITIONS - THIS PROGRAM CONSISTS OF ACTIVITIES SUPPORTING THE ACQUISITION AND PROCESSING OF COLLECTION MATERIALS, INCLUDING SURVEYING OF MEMBERS ON COLLECTION NEEDS, SELECTION AND SUBSCRIPTION...

ACQUISITIONS - THIS PROGRAM CONSISTS OF ACTIVITIES SUPPORTING THE ACQUISITION AND PROCESSING OF COLLECTION MATERIALS, INCLUDING SURVEYING OF MEMBERS ON COLLECTION NEEDS, SELECTION AND SUBSCRIPTION COSTS, ORDERING, TRANSPORTING AND RECEIVING MATERIALS.

Program 2

Expenses: $1,256,460 Revenue: $1,200

CATALOGING AND METADATA - THIS PROGRAM INVOLVES PRODUCTION AND PROCESSING OF PRELIMINARY AND FINAL CATALOG RECORDS, FINDING AIDS FOR THE CENTER'S COLLECTION MATERIALS AND METADATA FOR ELECTRONIC...

CATALOGING AND METADATA - THIS PROGRAM INVOLVES PRODUCTION AND PROCESSING OF PRELIMINARY AND FINAL CATALOG RECORDS, FINDING AIDS FOR THE CENTER'S COLLECTION MATERIALS AND METADATA FOR ELECTRONIC RESOURCES INCLUDING THOSE PRODUCED AND/OR ACQUIRED BY THE CENTER.

Program 3

Expenses: $1,340,465 Revenue: $19,702

SERVICE AND DELIVERY - THE CENTER DELIVERS AN ESTIMATED 33 MILLION PAGES OF COLLECTION MATERIALS TO MEMBER INSTITUTIONS AND OTHER CLIENTS EACH YEAR. ACTIVITIES INCLUDE RECEIVING AND PROCESSING...

SERVICE AND DELIVERY - THE CENTER DELIVERS AN ESTIMATED 33 MILLION PAGES OF COLLECTION MATERIALS TO MEMBER INSTITUTIONS AND OTHER CLIENTS EACH YEAR. ACTIVITIES INCLUDE RECEIVING AND PROCESSING REQUESTS FOR THE CENTER'S COLLECTION MATERIALS FROM MEMBER LIBRARIES AND CLIENTS, RETRIEVAL AND PREPARATION OF MATERIALS FOR DELIVERY, SHIPPING, FULFILLMENT OF ELECTRONIC DOCUMENT DELIVERY REQUESTS, RECEIPT AND RE-SHELVING OF RETURNED MATERIALS AND FULFILLMENT AND PROCESSING OF MEMBER PURCHASE REQUESTS FOR INDIVIDUAL ITEMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,558,622

Investment Income $1,160,736

Other Revenue $129,334

TOTAL REVENUE $8,848,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,905,505

Fundraising Expenses $0

Program Expenses $7,168,021

Other Expenses $3,918,509

TOTAL EXPENSES $7,824,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,848,692	$9,085,756	0.0%
Expenses	$7,824,014	$6,471,277	+0.2%
Net Income	$1,024,678	$2,614,479	-0.6%

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

$417,868

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE STEPHENS	CHAIR	2.00	Officer Director	$0	$0	$0
LARRY ALFORD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROGER SCHONFELD	TREASURER	2.00	Officer Director	$0	$0	$0
ANGI FAIKS	SECRETARY - NEW	2.00	Officer Director	$0	$0	$0
DALE ASKEY	DIRECTOR	2.00	Director	$0	$0	$0
DEVIN SAVAGE	DIRECTOR	2.00	Director	$0	$0	$0
DIANE BRUXVOORT	DIRECTOR	2.00	Director	$0	$0	$0
DONALD GILSTRAP	DIRECTOR	2.00	Director	$0	$0	$0
FREDERICK BARNHART	DIRECTOR	2.00	Director	$0	$0	$0
GUYLAINE BEAUDRY	DIRECTOR	2.00	Director	$0	$0	$0
JANET BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
JOHN CULSHAW	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW SHEEHY	DIRECTOR	2.00	Director	$0	$0	$0
PAULA KREBS	DIRECTOR	2.00	Director	$0	$0	$0
PETER BAE	DIRECTOR	2.00	Director	$0	$0	$0
LORELEI TANJI	SECRETARY - PAST	2.00	Director	$0	$0	$0
GREGORY EOW	PRESIDENT - PAST	37.50	Officer	$357,746	$36,259	$394,005
JACOB NADAL	PRESIDENT - NEW	37.50	Officer	$20,096	$3,767	$23,863
LANETTE GARZA	DIRECTOR FOR COLLECTIONS ACQUISITIONS & LICENSING	37.50	Highest	$111,346	$11,618	$122,964
ANDREA DUNTZ	SR. DIRECTOR OF FINANCE & ADMINISTRATION	37.50	Highest	$188,969	$19,381	$208,350
AMY WOOD	DIRECTOR OF METADATA & DISCOVERY	37.50	Highest	$123,770	$43,832	$167,602
MARIE ELISE WALTZ	HEAD OF ACCESS INITIATIVES	37.50	Highest	$104,193	$10,903	$115,096
KEVIN MERRIMAN	DIRECTOR OF GLOBAL COLLECTIONS	37.50	Highest	$150,818	$28,482	$179,300

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	$8,848,692	$7,824,014	$30,543,136	$1,024,678
2024	No data	No data	No data	No data
2023	$9,269,340	$6,184,823	$23,719,860	$3,084,517
2022	$9,213,563	$6,633,742	$31,149,356	$2,579,821
2021	$8,516,170	$7,217,988	$24,550,966	$1,298,182
2020	$8,515,277	$8,112,233	$17,881,816	$403,044
2019	$8,676,981	$8,819,124	$16,030,234	$-142,143
2018	$8,237,223	$8,172,155	$24,031,481	$65,068