SOUTHEAST LIBRARY SYSTEM

EIN: 411399086 501(c)(3) Education

ROCHESTER, MN

Total Revenue
$253,075
Total Expenses
$225,747
Total Assets
$149,876
Net Assets
$140,953
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
KRISTA L ROSS
Phone
5072885513
Tax Period
2024-07-01 to 2025-06-30

SOUTHEAST LIBRARY SYSTEM, founded in 1987, is a small nonprofit in the Education sector that reported $253K in total revenue in fiscal year 2024. Expenses of $226K left a modest 11% surplus.

Mission

SELS MISSION IS TO STRENGTHEN COLLABORATION AMONG MEMBERS, HELP MEMBERS EXPAND RESOURCES AND PROVIDE TRAINING TO HELP IMPROVE STAFF QUALITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,087
Program Service Revenue $0
Investment Income $2,988
Other Revenue $0
TOTAL REVENUE $253,075

Expense Breakdown

Grants Paid $19,891
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $214,128
Other Expenses $205,856
TOTAL EXPENSES $225,747

Year-over-Year Comparison

2024 2023 Change
Revenue $253,075 $249,735 +0.0%
Expenses $225,747 $222,268 +0.0%
Net Income $27,328 $27,467 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
29
Independent Members
29
Employees
N/A
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 5.00
Officer
$0 $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 $253,075 $225,747 $149,876 $27,328
2024 $249,735 $222,268 $116,664 $27,467
2018 $157,223 $154,029 $54,244 $3,194
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTHEAST LIBRARY SYSTEM with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.