ASSOCIATION OF SOUTHEASTERN RESEARCH LIBRARIES INC

EIN: 582598596 501(c)(3) Education

ATLANTA, GA

Total Revenue
$746,124
Total Expenses
$677,816
Total Assets
$1,310,957
Net Assets
$692,034
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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
1959
Legal Domicile
GA
Phone
4047270137
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATION OF SOUTHEASTERN RESEARCH LIBRARIES INC, founded in 1959, is a small nonprofit in the Education sector that reported $746K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $678K left a modest 9% surplus.

Mission

BY SHARING INFORMATION AND TECHNOLOGY RESOURCES, EXPERTISE, AND INNOVATION, THE ASSOCIATION OF SOUTHEASTERN RESEARCH LIBRARIES 9ASERL) ADVANCES THE EDUCATIONAL AND RESEARCH SUCCESS OF STUDENTS AND FACULTY AT MEMBER INSTITUTIONS. ASERL MEMBERS BELIVE THAT OUR LIBRARIES AND INSTITUTIONS ARE BETTER ABLE TO FULFILL OUR INDIVIDUAL MISSIONS THROUGH COLLABORATIVE PROGRAMS, AND THAT THE BENEFITS OF COLLABORATIVE ACTION CAN BE GREATER THAN THOSE PROVIDED BY THE SAME INSTITUTIONS ACTING INDEPENDENTLY. WE BELIEVE THAT THERE IS STRENGTH IN UNITY AND THAT UNITY CAN ACCOMODATE INSTITUTIONAL CHARACTERISTICS. WE UNDERSTAND OUR GOALS CAN ONLY BE ACHIEVED THROUGH OUR CONTRIBUTIONS TO ASERL'S INITIATIVES, MOMENTUM, AND SPIRIT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $722,144
Investment Income $23,980
Other Revenue $0
TOTAL REVENUE $746,124

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $96,526
Other Expenses $677,816
TOTAL EXPENSES $677,816

Year-over-Year Comparison

2024 2023 Change
Revenue $746,124 $641,983 +0.2%
Expenses $677,816 $603,414 +0.1%
Net Income $68,308 $38,569 +0.8%
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
8
Independent Members
7
Employees
N/A
Volunteers
200

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF STEELY Past President 0.50
Officer Director
$0 $0 $0
LESLIE SHARP President 2.00
Officer Director
$0 $0 $0
ELISABETH LONG MEMBER AT LARGE 0.50
Director
$0 $0 $0
LIS PANKL SEC-TREASURER 1.00
Officer Director
$0 $0 $0
LINDSAY CRONK MEMBER AT LARGE 0.50
Director
$0 $0 $0
GREG RASCHKE MEMBER AT LARGE 0.50
Director
$0 $0 $0
JOHN BURGER Executive Dir. 40.00
Director
$0 $0 $0
DOUG WAY President Elect 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
2025 $746,124 $677,816 $1,310,957 $68,308
2024 No data No data No data No data
2023 $555,447 $649,252 $1,145,808 $-93,805
2022 $530,402 $528,158 $1,178,478 $2,244
2021 $535,751 $443,687 $1,190,752 $92,064
2020 $653,736 $592,710 $1,106,060 $61,026
2019 $517,298 $492,266 $1,173,838 $25,032
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