ARROWHEAD LIBRARY SYSTEM

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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

1966

Legal Domicile

Principal Officer

MATT ROSENDAHL

Phone

2187413840

Tax Period

2025-01-01 to 2025-12-31

ARROWHEAD LIBRARY SYSTEM, founded in 1966, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2025. Expenses of $3.6M left a modest 11% surplus.

Mission

ARROWHEAD LIBRARY SYSTEM ENHANCES THE VALUE OF ALL TYPES OF LIBRARIES TO THEIR COMMUNITIES BY CULTIVATING COLLABORATION, TECHNOLOGICAL INNOVATION, AND PROFESSIONAL DEVELOPMENT; AND ENRICHES THE QUALITY OF LIFE BY PROVIDING DIRECT SERVICES FOR THOSE WITHOUT A PUBLIC LIBRARY AND ACCESS TO ELECTRONIC RESOURCES FOR ALL PEOPLE IN NORTHEASTERN MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $3,142,595

Arrowhead Library System provides services to 27 member libraries and rural patrons in seven counties in Northeastern Minnesota. Arrowhead Library System also provides services to schools, academic...

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,713,658

Program Service Revenue $0

Investment Income $106,085

Other Revenue $209,660

TOTAL REVENUE $4,029,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,786,419

Fundraising Expenses $0

Program Expenses $3,142,595

Other Expenses $1,817,997

TOTAL EXPENSES $3,604,416

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,029,403	$4,069,376	0.0%
Expenses	$3,604,416	$3,514,891	+0.0%
Net Income	$424,987	$554,485	-0.2%

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

$246,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLIE STANFORD	Executive Direc	40.00	Officer	$119,209	$24,200	$143,409
NIKKI ERICKSON	FIN & ADM SVCS	40.00	Officer	$81,461	$21,976	$103,437
MARGE MCPEAK	Trustee	1.00	Director	$0	$0	$0
ALEX MONTCALM	Trustee	1.00	Director	$0	$0	$0
DENNIS JEROME	Trustee	1.00	Director	$0	$0	$0
JASON SJOBLOM	Trustee	1.00	Director	$0	$0	$0
CARIN GULSTRAND	Trustee	1.00	Director	$0	$0	$0
ANJA LISA BOTTILA	Trustee	1.00	Director	$0	$0	$0
KATIE CHRISTENSON	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SCHUMACHER	Trustee	1.00	Director	$0	$0	$0
JAN PEPELNJAK	TRUSTEE	1.00	Director	$0	$0	$0
DEB PERALA	TRUSTEE	1.00	Director	$0	$0	$0
MADELINE OLSON	Secretary	1.00	Officer Director	$0	$0	$0
COLLEEN STANTON	Trustee	1.00	Director	$0	$0	$0
MATT ROSENDAHL	President	1.00	Officer Director	$0	$0	$0
LENORE JOHNSON	Trustee	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	$4,029,403	$3,604,416	$8,222,933	$424,987
2024	$4,069,376	$3,514,891	$7,846,566	$554,485
2023	$3,691,319	$3,851,402	$7,537,790	$-160,083
2022	$3,679,474	$3,592,484	$7,894,367	$86,990
2021	$3,392,560	$3,133,174	$7,916,564	$259,386
2020	$3,307,959	$3,200,322	$7,166,069	$107,637