SOUTHERN MARYLAND REGIONAL LIBRARY ASSOC

EIN: 521889943 501(c)(3) Education

CHARLOTTE HALL, MD

Total Revenue
$4,021,861
Total Expenses
$3,769,995
Total Assets
$5,207,794
Net Assets
$3,937,373
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MD
Principal Officer
ASHLEY TEAGLE
Phone
3018840436
Tax Period
2023-07-01 to 2024-06-30

SOUTHERN MARYLAND REGIONAL LIBRARY ASSOC, founded in 1994, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2023. Expenses of $3.8M left a modest 6% surplus.

Mission

THE CITIZENS OF CALVERT, CHARLES AND ST. MARY'S COUNTIES WILL HAVE EQUAL ACCESS TO INFORMATION THROUGH THE EFFICIENT, ECONOMIC AND EFFECTIVE SHARING OF RESOURCES AMONG PUBLIC LIBRARIES AND ALL TYPES OF INFORMATION AGENCIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,746,642
Program Service Revenue $38,774
Investment Income $236,445
Other Revenue $0
TOTAL REVENUE $4,021,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,912,755
Fundraising Expenses $0
Program Expenses $3,561,728
Other Expenses $1,857,240
TOTAL EXPENSES $3,769,995

Year-over-Year Comparison

2023 2022 Change
Revenue $4,021,861 $3,803,299 +0.1%
Expenses $3,769,995 $3,440,604 +0.1%
Net Income $251,866 $362,695 -0.3%
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

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Governance

Voting Members
4
Independent Members
4
Employees
19
Volunteers
6

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
4
$169,182
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE DARBY PRESIDENT 4.00
Officer Director
$0 $0 $0
PAT VAIRA VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
RONALD CRUPI TREASURER 4.00
Officer Director
$0 $0 $0
JOHN JOHNSTON TRUSTEE 4.00
Director
$0 $0 $0
TERESE WELLS TRUSTEE (THRU 4/2024) 4.00
Director
$0 $0 $0
MARTHA GRAHAME TRUSTEE (THRU 4/2024) 4.00
Director
$0 $0 $0
ASHLEY TEAGLE EXECUTIVE DIRECTOR 40.00
Officer
$145,484 $23,698 $169,182
SUSAN GRANT LIBRARY SERVICES MANAGER 40.00
Highest
$155,727 $23,148 $178,875
DEBRA PHETTEPLACE ADMINISTRATIVE SERVICES MANAGER 40.00
Highest
$101,754 $21,512 $123,266
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 No data No data No data No data
2024 $4,021,861 $3,769,995 $5,207,794 $251,866
2023 $3,803,299 $3,440,604 $4,991,210 $362,695
2022 $3,547,495 $3,495,525 $4,649,230 $51,970
2021 $3,309,402 $3,210,287 $4,586,632 $99,115
2020 $3,309,593 $2,959,950 $4,239,050 $349,643
2019 $3,211,306 $3,567,900 $3,962,879 $-356,594
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