COOPERATING LIBRARIES IN CONSORTIUM

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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

1969

Legal Domicile

Principal Officer

RUTH MCGUIRE

Phone

6516443878

Tax Period

2020-07-01 to 2021-06-30

COOPERATING LIBRARIES IN CONSORTIUM, founded in 1969, is a small nonprofit that reported $308K in total revenue in fiscal year 2020. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $677K exceeded revenue, resulting in a 120% operating deficit.

Mission

CLIC ENHANCES THE STRENGTHS OF ITS MEMBER LIBRARIES BY: MAKING LIBRARY USERS THE FOCUS OF OUR COLLABORATIVE WORK, SHARING BEST PRACTICES, IDEAS AND RESOURCES TO IMPROVE SERVICES, ENGAGING LIBRARY STAFF IN PROFESSIONAL DEVELOPMENT THEREBY FOSTERING LEADERSHIP, CREATIVITY, AND INNOVATION IN THE PURSUIT OF EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $94,088 Revenue: $10,110

COURIER - FACILITATED RESOURCE SHARING OF BOOKS, DVD'S AND JOURNAL ARTICLES BETWEEN MEMBER LIBRARIES USING A SHARED CATALOG OF MORE THAN TWO MILLION ITEMS.

Program 2

Expenses: $487,312 Revenue: $291,000

AUTOMATION - FACILITATED ONLINE COMMITTEE MEETINGS WITH OVER 100 LIBRARY PERSONNEL TO SHARE BEST PRACTICES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $6,444

Program Service Revenue $301,110

Investment Income $150

Other Revenue $203

TOTAL REVENUE $307,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,218

Fundraising Expenses $0

Program Expenses $581,400

Other Expenses $534,689

TOTAL EXPENSES $676,907

Year-over-Year Comparison

	2020	2019	Change
Revenue	$307,907	$572,558	-0.5%
Expenses	$676,907	$500,482	+0.4%
Net Income	$-369,000	$72,076	-6.1%

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

$46,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH MCGUIRE	PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY ASCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY METZ	TREASURER	1.00	Officer Director	$0	$0	$0
DAN GJELTEN	DIRECTOR	1.00	Director	$0	$0	$0
JON NEILSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STEWART	DIRECTOR	1.00	Director	$0	$0	$0
CARLA URBAN	EXECUTIVE DIRECTOR	20.00	Officer	$46,980	$0	$46,980

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
2021	$307,907	$676,907	$651,359	$-369,000
2021	$165	$23,950	No data	$-23,785
2020	$572,558	$500,482	$1,011,606	$72,076
2019	$570,168	$537,711	$964,040	$32,457
2018	$541,953	$525,649	$996,346	$16,304