FLATIRONS LIBRARY CONSORTIUM

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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

2015

Legal Domicile

Principal Officer

KATHRYN LYNIP

Phone

9522202487

Tax Period

2023-01-01 to 2023-06-30

Mission

THE MISSION OF THE FLATIRON LIBRARY CONSORTIUM IS TO ENHANCE COLLABORATION AMONG MEMBER LIBRARIES IN ORDER TO IMPROVE ACCESS TO RESOURCES, PROMOTE SERVICE EXCELLENCE AND FOSTER INNOVATION FOR THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $304,628

FLATIRONS LIBRARY CONSORTIUM TERMINATED PROGRAM SERVICES IN 2022. ACTIVITY REPORTED IN 2023 WAS RELATED TO ADMINISTRATIVE FUNCTIONS FOR PAYMENT OF FINAL INVOICES, IRS TAX REPORTING, AND THE...

FLATIRONS LIBRARY CONSORTIUM TERMINATED PROGRAM SERVICES IN 2022. ACTIVITY REPORTED IN 2023 WAS RELATED TO ADMINISTRATIVE FUNCTIONS FOR PAYMENT OF FINAL INVOICES, IRS TAX REPORTING, AND THE DISTRIBUTION OF REMAINING ASSETS TO MARMOT LIBRARY NETWORK INC, A 501(C)(3) ENTITY. THIS DISTRIBUTION REPORTED AS A GRANT ON THIS FORM 990. ALSO PLEASE SEE SCHEDULE I AND SCHEDULE N FOR LIQUIDATING DISTRIBUTION DISCLOSURE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $293,837

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $304,628

Other Expenses $14,726

TOTAL EXPENSES $308,563

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$547,154	-1.0%
Expenses	$308,563	$412,751	-0.3%
Net Income	N/A	$134,403	N/A

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

N/A

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
MELISSA HISEL	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KATHY LYNIP	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DAVID FARNAN	MEMBER	1.00	Director	$0	$0	$0
AMY PHILLIPS	MEMBER	1.00	Director	$0	$0	$0
SHARON NEMECHEK	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
ROBERTA DEPP	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
BETSY STROMER	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
JON SOLOMON	MEMBER	1.00	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
2023	No data	$308,563	No data	No data
2022	$547,154	$412,751	$308,563	$134,403
2021	$482,023	$472,286	$174,160	$9,737
2020	$581,875	$559,300	$164,423	$22,575
2019	$546,690	$588,749	$141,848	$-42,059
2018	$550,103	$507,646	$183,907	$42,457