SOUTHERN OKLAHOMA LIBRARY SYSTEM

EIN: 736083654 501(c)(3) Education

ARDMORE, OK

Total Revenue
$3,578,111
Total Expenses
$1,784,969
Total Assets
$7,631,121
Net Assets
$7,639,354
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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
1960
Legal Domicile
OK
Principal Officer
KATIE SPARKS
Phone
5802233164
Tax Period
2023-07-01 to 2024-06-30

SOUTHERN OKLAHOMA LIBRARY SYSTEM, founded in 1960, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 50% operating margin.

Mission

THE SOUTHERN OKLAHOMA LIBRARY SYSTEM STRENGTHENS COMMUNITIES BY PROVIDING EASY ACCESS TO INFORMATION, INSPIRING CURIOSITY, EMPOWERING THE MIND AND EXPANDING OPPORTUNITIES TO ADVANCE QUALITY OF LIFE.

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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 $3,247,674
Program Service Revenue $83,966
Investment Income $190,212
Other Revenue $56,259
TOTAL REVENUE $3,578,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,210,551
Fundraising Expenses $4,990
Program Expenses $1,518,844
Other Expenses $574,418
TOTAL EXPENSES $1,784,969

Year-over-Year Comparison

2023 2022 Change
Revenue $3,578,111 $3,112,946 +0.1%
Expenses $1,784,969 $1,774,749 +0.0%
Net Income $1,793,142 $1,338,197 +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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Governance

Voting Members
15
Independent Members
15
Employees
30
Volunteers
51

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
15
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORIE DELASHAW TRUSTEE N/A
Officer Director
$0 $0 $0
HEATH FOSTER VICE CHAIR N/A
Officer Director
$0 $0 $0
DOTTIE GWIN TRUSTEE N/A
Officer Director
$0 $0 $0
MELISSA HUDSON TRUSTEE N/A
Officer Director
$0 $0 $0
DEBBIE JAMES TRUSTEE N/A
Officer Director
$0 $0 $0
DAWN LOFTIS TRUSTEE N/A
Officer Director
$0 $0 $0
CORALYNE MICHAELIS TRUSTEE N/A
Officer Director
$0 $0 $0
REX MORRELL TRUSTEE N/A
Officer Director
$0 $0 $0
AUDREY NIPP TRUSTEE N/A
Officer Director
$0 $0 $0
GAIL OEHLER SECRETARY/DI N/A
Officer Director
$0 $0 $0
REBECCA JACOBS-POLLEZ PHD TRUSTEE N/A
Officer Director
$0 $0 $0
DONNA PLUNKETT TRUSTEE N/A
Officer Director
$0 $0 $0
PAM RICKORDS TREASURER N/A
Officer Director
$0 $0 $0
KATIE SPARKS CHAIRMAN OF N/A
Officer Director
$0 $0 $0
TOMMI WEATHERFORD TRUSTEE N/A
Officer 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 No data No data No data No data
2024 $3,578,111 $1,784,969 $7,631,121 $1,793,142
2023 $3,112,946 $1,774,749 $5,849,954 $1,338,197
2022 $2,637,945 $1,674,632 $4,501,303 $963,313
2021 $2,473,658 $1,586,845 $3,542,696 $886,813
2020 $1,991,985 $1,716,370 $2,881,924 $275,615
2019 $1,934,365 $1,809,292 $2,397,062 $125,073
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