ASSOCIATION OF RESEARCH LIBRARIES

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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

1962

Legal Domicile

Principal Officer

ANDREW PACE

Phone

2022962296

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION OF RESEARCH LIBRARIES, founded in 1962, is a community nonprofit in the Education sector that reported $8.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

EMPOWER AND ADVOCATE FOR RESEARCH LIBRARIES AND ARCHIVES TO SHAPE, INFLUENCE, AND IMPLEMENT INSTITUTIONAL, NATIONAL, AND INTERNATIONAL POLICY. WE DEVELOP THE NEXT GENERATION OF LEADERS AND ENABLE STRATEGIC COOPERATION AMONG PARTNER INSTITUTIONS TO BENEFIT SCHOLARSHIP AND SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $1,682,356 Revenue: $1,695,588

MEMBER EXPERIENCE:PROGRAMS AND ACTIVITIES AIMED AT 1) ENGAGING MEMBER INSTITUTIONS, THEIR LEADERSHIP, AND STAFF IN THE COLLECTIVE WORK OF ARL AND 2) HIGHLIGHTING THE VALUE AND IMPACT OF RESEARCH...

MEMBER EXPERIENCE:PROGRAMS AND ACTIVITIES AIMED AT 1) ENGAGING MEMBER INSTITUTIONS, THEIR LEADERSHIP, AND STAFF IN THE COLLECTIVE WORK OF ARL AND 2) HIGHLIGHTING THE VALUE AND IMPACT OF RESEARCH LIBRARIES. THESE PROGRAMS/ACTIVITIES INCLUDE ASSOCIATION MEETINGS AND EVENTS, COMMITTEE WORK AROUND VARIOUS PROGRAMS AND ISSUES, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, AND THE DEVELOPMENT AND DISTRIBUTION OF COMMUNICATIONS MATERIALS (E.G. POSITION PAPERS, OP-EDS, VIDEO CONTENT) THAT HIGHLIGHT THE CONTRIBUTIONS OF RESEARCH LIBRARIES TO THEIR PARENT INSTITUTIONS AND TO THE BROADER RESEARCH ENTERPRISE.

Program 2

Expenses: $1,366,616 Revenue: $2,037,650

CNI - CORE FUNCTIONS:TO SUPPORT THE TRANSFORMATIVE PROMISE OF DIGITAL INFORMATION TECHNOLOGY FOR THE ADVANCEMENT OF SCHOLARLY COMMUNICATION AND THE ENRICHMENT OF INTELLECTUAL PRODUCTIVITY.

Program 3

Expenses: $1,228,341 Revenue: $1,168,768

DATA AND ANALYTICS:PROGRAMS AND ACTIVITIES FOCUSED ON THE IDENTIFICATION OF EVIDENCE (FOR SENIOR DECISION MAKERS) THAT CAPTURES AND DEMONSTRATES THE CONTRIBUTIONS AND IMPACT OF RESEARCH LIBRARIES ON...

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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 $306,121

Program Service Revenue $7,596,483

Investment Income $519,462

Other Revenue $143,402

TOTAL REVENUE $8,565,468

Expense Breakdown

Grants Paid $182,188

Salaries & Benefits $4,269,111

Fundraising Expenses $0

Program Expenses $7,573,303

Other Expenses $4,234,141

TOTAL EXPENSES $8,685,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,565,468	$7,632,277	+0.1%
Expenses	$8,685,440	$7,556,124	+0.1%
Net Income	$-119,972	$76,153	-2.6%

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

$317,757

Total Directors

Key Employees

$362,423

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW K PACE	EXECUTIVE DIRECTOR	35.00	Officer	$260,474	$57,283	$317,757
CLIFFORD LYNCH	EXECUTIVE DIRECTOR - CNI	35.00	Key Emp	$304,467	$57,956	$362,423
JUDITH RUTTENBERG	SR. DIR. OF SCHOLARSHIP & POLICY	35.00	Highest	$182,846	$43,137	$225,983
AMY MADEN	SR. DIR. OF FIN & ADMIN	35.00	Highest	$184,997	$39,663	$224,660
DELA DOS	SR. DIR. LEADERSHIP & TRANSFORMATION	35.00	Highest	$175,196	$36,246	$211,442
KEVIN BORDEN	SR. DIR. OF RESEARCH & ANALYTICS	35.00	Highest	$166,354	$36,451	$202,805
KATHERINE KLOSEK	DIR INFO POLICY & FED RELATIONS	35.00	Highest	$140,990	$30,553	$171,543
TREVOR DAWES	PRESIDENT	0.75	Officer Director	$0	$0	$0
RHEA BALLARD-THROWER	VICE PRESIDENT/ELECT	0.75	Officer Director	$0	$0	$0
BOB FOX	TREASURER	0.75	Officer Director	$0	$0	$0
TAMAR EVANGELESTIA-DOUGHERTY	DIRECTOR	0.50	Director	$0	$0	$0
LISA O'HARA	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA JUST	DIRECTOR	0.50	Director	$0	$0	$0
SARA LOWMAN	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH SALEM	DIRECTOR	0.50	Director	$0	$0	$0
HILARY SEO	DIRECTOR	0.50	Director	$0	$0	$0
LORELEI TANJI	DIRECTOR	0.50	Director	$0	$0	$0
EVVIVA WEINRAUB LAJOIE	DIRECTOR	0.50	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
2024	$8,565,468	$8,685,440	$14,971,611	$-119,972
2023	$7,632,277	$7,556,124	$12,071,728	$76,153
2022	$7,109,242	$7,302,436	$13,371,911	$-193,194
2021	$7,573,091	$6,015,892	$13,169,530	$1,557,199
2020	$6,675,514	$6,131,333	$11,746,063	$544,181
2019	$8,322,382	$7,730,031	$10,783,941	$592,351
2018	$8,370,054	$8,344,840	$10,150,676	$25,214