SOUTHEASTERN LIBRARIES COOPERATING

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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

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

SUPPORTING LIBRARIES THROUGH DELIVERY OF PROFESSIONAL EXPERTISE AND SUSTAINABLE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,147,141 Revenue: $742,531

RESOURCE SHARING & TECHNOLOGY ADMINISTERS A SHARED INTEGRATED LIBRARY SYSTEM FOR ALL LIBRARY PARTICIPANTS AND PROVIDES TECHNOLOGY AND NETWORKING SUPPORT.

Program 2

Expenses: $0 Revenue: $41,604

DELIVERY OF LIBRARY MATERIALS TO PATRONS IN THE SOUTHEASTERN MN REGION.

Program 3

Expenses: $0 Revenue: $0

VARIOUS LIBRARY PROGRAMMING SUPPORTED BY STATE & FEDERAL FUNDING.

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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 $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

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

$131,855

Total Directors

Key Employees

Highest Compensated

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