ROSENBERG LIBRARY ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1900

Legal Domicile

Principal Officer

JAY SIMS

Phone

4097638854

Tax Period

2024-10-01 to 2025-09-30

ROSENBERG LIBRARY ASSOCIATION, founded in 1900, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 10% surplus.

Mission

OPERATION OF A PUBLIC LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $5,333,658

OPERATION OF A PUBLIC LIBRARY. PURCHASE OF BOOKS & PERIODICALS, PROVIDE STAFF FOR LIBRARY OPERATIONS, PROVIDE OCCUPANCY EXPENSES FOR LIBRARY FACILITIES, PROVIDE OTHER COSTS FOR LIBRARY OPERATIONS.

Program 2

N/A

Program 3

N/A

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,641,402

Program Service Revenue $0

Investment Income $917,813

Other Revenue $482,538

TOTAL REVENUE $7,041,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,427,103

Fundraising Expenses $0

Program Expenses $5,333,658

Other Expenses $2,936,438

TOTAL EXPENSES $6,363,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,041,753	$5,828,895	+0.2%
Expenses	$6,363,541	$6,070,423	+0.0%
Net Income	$678,212	$-241,528	-3.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$286,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANCIE PERUGINI WARE	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRED D RASCHKE	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUGLAS G ROGERS	TREASURER	2.00	Officer Director	$0	$0	$0
BILLIE HOSKINS	SECRETARY	2.00	Officer Director	$0	$0	$0
EUGENE HORNSTEIN	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
ROLAND L BASSETT	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL C DOHERTY	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA FROESCHNER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM C ANSELL	TRUSTEE	1.00	Director	$0	$0	$0
FRED C BURNS	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL L COLLINS III	TRUSTEE	1.00	Director	$0	$0	$0
JASON M HARDCASTLE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL B HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
JOHN W KELSO	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE H MADSEN	TRUSTEE	1.00	Director	$0	$0	$0
ELIZA K QUIGLEY	TRUSTEE	1.00	Director	$0	$0	$0
ALLAN W MATTHEWS	TRUSTEE	1.00	Director	$0	$0	$0
ANN ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET W WALKER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL C MILLER	EXECUTIVE DIRECTOR	40.00	Officer	$136,623	$23,187	$159,810
JAY SIMS	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$106,138	$20,945	$127,083
KAREN STANLEY	EMPLOYEE	40.00	Highest	$105,893	$17,512	$123,405

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	$7,041,753	$6,363,541	$52,360,975	$678,212
2024	$5,828,895	$6,070,423	$48,053,472	$-241,528
2023	$5,673,342	$5,771,054	$41,497,368	$-97,712
2022	$5,322,146	$5,339,745	$38,547,435	$-17,599
2021	$5,802,498	$5,228,803	$43,737,158	$573,695
2020	$4,653,373	$4,943,254	$38,304,982	$-289,881
2019	$4,826,987	$4,866,264	$37,732,927	$-39,277
2018	$4,548,950	$4,873,715	$37,402,970	$-324,765