NORTHERN LIGHTS LIBRARY NETWORK (EIN 411380553) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

KATHY B ENGER

Phone

2184771750

Tax Period

2024-07-01 to 2025-06-30

NORTHERN LIGHTS LIBRARY NETWORK, founded in 1978, is a small nonprofit that reported $363K in total revenue in fiscal year 2024. The organization ran a surplus of $78K, a strong 22% operating margin.

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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 $348,119

Program Service Revenue $0

Investment Income $15,132

Other Revenue $0

TOTAL REVENUE $363,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,639

Fundraising Expenses $0

Program Expenses $202,987

Other Expenses $99,152

TOTAL EXPENSES $284,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,251	$344,901	+0.1%
Expenses	$284,791	$266,698	+0.1%
Net Income	$78,460	$78,203	+0.0%

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

$127,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY ENGER	EXECUTIVE DIRECTOR	40.00	Officer	$120,058	$7,804	$127,862
GLENN HEINECKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE GOULD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERI LEVASSEUR	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN BAGGETT	TREASURER	1.00	Officer Director	$0	$0	$0
NANETTE ALBRIGHT	MEMBER	1.00	Director	$0	$0	$0
LINA BELAR	MEMBER	1.00	Director	$0	$0	$0
LYNN EATON	MEMBER	1.00	Director	$0	$0	$0
BETHANY HAIT	MEMBER	1.00	Director	$0	$0	$0
LINDA HOLECEK	MEMBER	1.00	Director	$0	$0	$0
RUTH HOLMGREN	MEMBER	1.00	Director	$0	$0	$0
CHARLIE LINDBERG	MEMBER	1.00	Director	$0	$0	$0
KAREN QUALEY	MEMBER	1.00	Director	$0	$0	$0
CHIZUKO SHASTRI	MEMBER	1.00	Director	$0	$0	$0
KERI YOUNGSTRAND	MEMBER	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	$363,251	$284,791	$518,548	$78,460
2024	$344,901	$266,698	$435,819	$78,203
2023	$230,677	$237,808	$352,870	$-7,131
2022	$228,155	$227,493	$350,640	$662
2021	$223,363	$229,623	$350,092	$-6,260
2020	$228,199	$230,595	$349,474	$-2,396
2019	$223,394	$238,913	$350,628	$-15,519
2018	$221,562	$221,261	$362,633	$301

NORTHERN LIGHTS LIBRARY NETWORK