SOUTHEASTERN LIBRARIES COOPERATING

EIN: 410986063 501(c)(3) Education

ROCHESTER, MN

Total Revenue
$2,965,869
Total Expenses
$3,105,585
Total Assets
$3,238,473
Net Assets
$2,374,503
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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
1973
Legal Domicile
MN
Principal Officer
KRISTA L ROSS
Phone
5072885513
Tax Period
2024-07-01 to 2025-06-30

SOUTHEASTERN LIBRARIES COOPERATING, founded in 1973, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

PLAN, DEVELOP, ENCOURAGE COOPERATIVE ACTIVITES AMONG PUBLIC LIBRARIES IN SE MN

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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 $2,122,384
Program Service Revenue $784,135
Investment Income $59,350
Other Revenue $0
TOTAL REVENUE $2,965,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,504,471
Fundraising Expenses $0
Program Expenses $2,147,141
Other Expenses $1,601,114
TOTAL EXPENSES $3,105,585

Year-over-Year Comparison

2024 2023 Change
Revenue $2,965,869 $3,146,521 -0.1%
Expenses $3,105,585 $2,947,261 +0.1%
Net Income $-139,716 $199,260 -1.7%
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
29
Independent Members
29
Employees
19
Volunteers
35

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
$131,855
Total Directors
35
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILLY HALVERSON PRESIDENT 1.00
Officer Director
$0 $0 $0
MEREDITH ERICKSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KRISTINA RADER SECRETARY 1.00
Officer Director
$0 $0 $0
MARY SCHNEIDER TREASURER 1.00
Officer Director
$0 $0 $0
EILEEN WEINHOLD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
NANCY THORNTON MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
HOPE CARROLL-RIZZO MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
PAT UTZ DIRECTOR 1.00
Director
$0 $0 $0
TERESA WALDOF DIRECTOR 1.00
Director
$0 $0 $0
GERRY HOISINGTON DIRECTOR 1.00
Director
$0 $0 $0
ANN HALLORAN DIRECTOR 1.00
Director
$0 $0 $0
KRIN ABRAHAM DIRECTOR 1.00
Director
$0 $0 $0
BILL BABCOCK DIRECTOR 1.00
Director
$0 $0 $0
JANET BRANDT DIRECTOR 1.00
Director
$0 $0 $0
JANICE CARR DIRECTOR 1.00
Director
$0 $0 $0
SARA DARVEAUX DIRECTOR 1.00
Director
$0 $0 $0
LINDA FLANDERS DIRECTOR 1.00
Director
$0 $0 $0
AARON FOX DIRECTOR 1.00
Director
$0 $0 $0
LARRY GIFFORD DIRECTOR 1.00
Director
$0 $0 $0
CINDY GILBERT DIRECTOR 1.00
Director
$0 $0 $0
BOB HOPKINS DIRECTOR 1.00
Director
$0 $0 $0
EILEEN MOELLNER DIRECTOR 1.00
Director
$0 $0 $0
SHERRY MOONEY DIRECTOR 1.00
Director
$0 $0 $0
SHAWN MOTHERSHEAD DIRECTOR 1.00
Director
$0 $0 $0
LISA REUVERS DIRECTOR 1.00
Director
$0 $0 $0
STACEY SCHULTZ DIRECTOR 1.00
Director
$0 $0 $0
VALERIE SHEEDY DIRECTOR 1.00
Director
$0 $0 $0
DON SPRINGER DIRECTOR 1.00
Director
$0 $0 $0
CINDY WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
KATE CARLSON DIRECTOR 1.00
Director
$0 $0 $0
KATY DOMAILLE DIRECTOR 1.00
Director
$0 $0 $0
JOE DULAK DIRECTOR 1.00
Director
$0 $0 $0
TODD GRESETH DIRECTOR 1.00
Director
$0 $0 $0
BOB BURNS DIRECTOR 1.00
Director
$0 $0 $0
LONDON LOSEY DIRECTOR 1.00
Director
$0 $0 $0
KRISTA L ROSS EXECUTIVE DIRECTOR 35.00
Officer
$98,435 $33,420 $131,855
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 $2,965,869 $3,105,585 $3,238,473 $-139,716
2024 $3,146,521 $2,947,261 $3,303,206 $199,260
2023 $2,907,933 $2,843,593 $3,341,427 $64,340
2022 $3,092,021 $3,010,226 $3,251,693 $81,795
2021 $2,906,003 $2,766,962 $3,190,707 $139,041
2020 $2,586,606 $2,619,858 $2,923,905 $-33,252
2019 $2,826,335 $2,789,444 $2,723,546 $36,891
2018 $2,736,005 $2,841,024 $2,603,271 $-105,019
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