CHIEF OFFICERS OF STATE LIBRARY AGENCIES INC (COSLA INC) (EIN 721086505) - 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

1973

Legal Domicile

Principal Officer

LORI FISHER

Phone

8595149151

Tax Period

2024-01-01 to 2024-12-31

CHIEF OFFICERS OF STATE LIBRARY AGENCIES INC (COSLA INC), founded in 1973, is a small nonprofit that reported $913K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $788K left a modest 14% surplus.

Mission

TO NURTURE STATE LIBRARY ADMINISTRATIVE AGENCIES AND LEAD WITH A COLLECTIVE VOICE FOR THE NATION'S LIBRARIES

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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 $836,531

Program Service Revenue $21,767

Investment Income $49,687

Other Revenue $5,000

TOTAL REVENUE $912,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $607,714

Other Expenses $788,042

TOTAL EXPENSES $788,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$912,985	$779,165	+0.2%
Expenses	$788,042	$697,369	+0.1%
Net Income	$124,943	$81,796	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE WALKER	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
NICOLLE DAVIES	PRESIDENT	3.50	Officer Director	$0	$0	$0
JAMES RITTER	VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
MARY SOUCIE	SECRETARY	0.80	Officer Director	$0	$0	$0
LORI FISHER	TREASURER	0.50	Officer Director	$0	$0	$0
NATALIE CURRIE	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER CHILCOAT	DIRECTOR	0.50	Director	$0	$0	$0
JENNIE STAPP	PAST PRESIDENT	0.50	Director	$0	$0	$0
MICHAEL SCOTT	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	$912,985	$788,042	$1,357,534	$124,943
2023	$779,165	$697,369	$1,140,280	$81,796
2022	$988,643	$1,008,411	$957,083	$-19,768
2021	$618,092	$436,017	$1,003,126	$182,075
2020	$417,374	$424,482	$854,643	$-7,108
2019	$523,903	$616,843	$824,053	$-92,940
2018	$505,729	$537,729	$806,595	$-32,000

CHIEF OFFICERS OF STATE LIBRARY AGENCIES INC (COSLA INC)