MID-CONTINENT GEOLOGICAL LIBRARY INC

EIN: 811609164 501(c)(3) Education

EDMOND, OK

Total Revenue
$393,156
Total Expenses
$584,072
Total Assets
$1,158,240
Net Assets
$845,447
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
OK
Principal Officer
MICHAEL CERVANTES
Phone
4052353648
Tax Period
2023-01-01 to 2023-12-31

MID-CONTINENT GEOLOGICAL LIBRARY INC, founded in 2016, is a small nonprofit in the Education sector that reported $393K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $584K exceeded revenue, resulting in a 49% operating deficit.

Mission

COLLECTING, PRESERVING, ARCHIVING AND DISSEMINATING GEOLOGICAL DATA.

Program Service Accomplishments

Program 1
Expenses: $584,072

THE LIBRARY'S PRIMARY FUNCTION IS TO COLLECT GEOLOGICAL DATA, PROCESS IT, DIGITIZE IT, PRESERVE IT AND PROVIDE IT TO THE PUBLIC THROUGH ITS PHYSICAL LIBRARY AND ITS ONLINE DIGITAL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $35,943
Program Service Revenue $330,525
Investment Income $26,688
Other Revenue $0
TOTAL REVENUE $393,156

Expense Breakdown

Grants Paid $0
Salaries & Benefits $315,468
Fundraising Expenses $0
Program Expenses $584,072
Other Expenses $268,604
TOTAL EXPENSES $584,072

Year-over-Year Comparison

2023 2022 Change
Revenue $393,156 $339,420 +0.2%
Expenses $584,072 $633,144 -0.1%
Net Income $-190,916 $-293,724 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
9
Volunteers
30

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
5
$79,615
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE HONE CHIEF EXECUTIVE OFFICER 40.0
Officer
$79,615 $0 $79,615
SUZANNE M ROGERS PRESIDENT 1.0
Officer Director
$0 $0 $0
MIKE SMITH VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
STEVE HADAWAY SECRETARY 1.0
Officer Director
$0 $0 $0
MICHAEL CERVANTES LIASON FOR OCGS 1.0
Director
$0 $0 $0
NICHOLE JEFFCOAT TREASURER 1.0
Officer Director
$0 $0 $0
LANCE RUFFEL DIRECTOR 1.0
Director
$0 $0 $0
DAN BOYD FUNDRAISING CHAIR 1.0
Director
$0 $0 $0
CHUCK ANDERSON DIRECTOR 1.0
Director
$0 $0 $0
RICK MILLER OUTREACH CHAIR 1.0
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 No data No data No data No data
2023 $393,156 $584,072 $1,158,240 $-190,916
2022 $339,420 $633,144 $1,156,108 $-293,724
2021 $293,509 $848,434 $1,595,859 $-554,925
2020 $115,222 $896,718 $2,051,883 $-781,496
2019 $26,478 $618,218 $2,787,869 $-591,740
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