ROSENBERG LIBRARY ASSOCIATION (EIN 741143072) - 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

1900

Legal Domicile

Principal Officer

MICHAEL C MILLER

Phone

4097638854

Tax Period

2023-10-01 to 2024-09-30

ROSENBERG LIBRARY ASSOCIATION, founded in 1900, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2023. Net assets of $47.3M represent 97 months of operating reserves.

Mission

OPERATION OF PUBLIC LIBRARY

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,169,910

Program Service Revenue $0

Investment Income $607,851

Other Revenue $51,134

TOTAL REVENUE $5,828,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,302,115

Fundraising Expenses $0

Program Expenses $5,128,469

Other Expenses $2,768,308

TOTAL EXPENSES $6,070,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,828,895	$5,673,342	+0.0%
Expenses	$6,070,423	$5,771,054	+0.1%
Net Income	$-241,528	$-97,712	+1.5%

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

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

$157,169

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
ALLAN W MATTHEWS	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
FRED D RASCHKE	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	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL B HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
JOHN W KELSO	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT K LYNCH	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
MARGARET W WALKER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL C MILLER	EXECUTIVE DIRECTOR	40.00	Officer	$134,111	$23,058	$157,169
JAY SIMS	EMPLOYEE	40.00	Highest	$101,140	$18,878	$120,018
KAREN STANLEY	EMPLOYEE	40.00	Highest	$100,302	$17,139	$117,441

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	$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

ROSENBERG LIBRARY ASSOCIATION