RINGLING COLLEGE LIBRARY ASSOCIATION INC (EIN 510173628) - 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

1975

Legal Domicile

Principal Officer

LAUREN KURNOV

Phone

9413095100

Tax Period

2022-06-01 to 2023-04-30

RINGLING COLLEGE LIBRARY ASSOCIATION INC, founded in 1975, is a small nonprofit that reported $363K in total revenue in fiscal year 2022. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $115K, a strong 32% operating margin.

Mission

RINGLING COLLEGE LIBRARY ASSOCIATION IS DEDICATED TO THE ONGOING DEVELOPMENT OF THE ALFRED R. GOLDSTEIN LIBRARY AND ACTS AS A CATALYST FOR THE EDUCATION GROWTH OF STUDENTS, FACULTY AND COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $126,225

Program Service Revenue $0

Investment Income $34,774

Other Revenue $202,029

TOTAL REVENUE $363,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,752

Fundraising Expenses $0

Program Expenses $162,154

Other Expenses $61,467

TOTAL EXPENSES $248,219

Year-over-Year Comparison

	2022	2021	Change
Revenue	$363,028	$1,013,713	-0.6%
Expenses	$248,219	$830,626	-0.7%
Net Income	$114,809	$183,087	-0.4%

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

$124,907

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY WALSH	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN GROSS	TREASURER	10.00	Officer Director	$0	$0	$0
MITZIE HENSON	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
ASHLEY BROWN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
LINDA WHITACRE	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
PATRICK DUGGAN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
MICHAEL FORSON	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ALLEN CARLSON	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
BRINDA POLA	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
STEPHANIE GROSSKREUTZ	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$99,500	$10,094	$109,594
LAUREN KURNOV	EXECUTIVE DIRECTOR	40.00	Officer	$14,013	$1,300	$15,313

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
2023	$363,028	$248,219	No data	$114,809
2022	$1,013,713	$830,626	$2,612,456	$183,087
2021	$235,736	$828,132	$3,257,889	$-592,396
2020	$1,024,035	$855,290	$3,312,510	$168,745
2019	$760,478	$297,031	$3,408,167	$463,447

RINGLING COLLEGE LIBRARY ASSOCIATION INC