MARMOT LIBRARY NETWORK INC

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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

1990

Legal Domicile

Principal Officer

ALYSA SELBY

Phone

9702423331

Tax Period

2024-01-01 to 2024-12-31

MARMOT LIBRARY NETWORK INC, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $3.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

BUILD TECHNOLOGY CAPACITY FOR EVERY MEMBER; BE LEADERS IN INNOVATIVE ONLINE SERVICES AND SHARED RESOURCES FOR OPTIMAL CUSTOMER EXPERIENCE.

Program Service Accomplishments

Program 1

Expenses: $314,690

MARMOT HAS BEEN WORKING ON THEIR OPEN-SOURCE PIKA DISCOVERY LAYER SINCE 2009. PIKA WAS CREATED TO ADDRESS THE NEEDS OF PATRONS BY SOLVING SEVERAL COMMON USABILITY ISSUES: ALL FORMATS OF A WORK ARE...

MARMOT HAS BEEN WORKING ON THEIR OPEN-SOURCE PIKA DISCOVERY LAYER SINCE 2009. PIKA WAS CREATED TO ADDRESS THE NEEDS OF PATRONS BY SOLVING SEVERAL COMMON USABILITY ISSUES: ALL FORMATS OF A WORK ARE GROUPED TOGETHER, PATRONS CAN SERENDIPITOUSLY DISCOVER TITLES TO READ NEXT, AND ALL FUNCTIONALITY WORKS ON ANY SIZE DEVICE WITH RESPONSIVE DESIGN. PIKA IS AVAILABLE TO ALL MARMOT MEMBERS AS WELL AS DISCOVERY PARTNERS THAT WORK WITH MARMOT.

Program 2

Expenses: $1,078,052

MARMOT USES INNOVATIVE INTERFACES INTEGRATED LIBRARY SYSTEM, SIERRA. MARMOT HOSTS SIERRA APPLICATION AND DATABASE SERVERS. THESE SERVE MEMBER INSTITUTIONS ACROSS COLORADO INCLUDING PUBLIC LIBRARIES, SCHOOLS, AND ACADEMIC INSTITUTIONS. MEMBERS GET THE RESOURCE SHARING BENEFITS OF A SHARED BIBLIOGRAPHIC DATABASE WITH THE SECURITY OF A PARTITIONED PATRON FILE.

Program 3

Expenses: $748,404

CYBERSECURITY IS AN IMPORTANT GOAL OF ANY ORGANIZATION. MARMOT KEEPS WORKSTATIONS AND TABLETS SAFE FROM MALWARE, ALWAYS UP-TO-DATE ON WINDOWS, OFFICE, ETC. WITH THE RIGHT BALANCE OF ON-SITE AND...

CYBERSECURITY IS AN IMPORTANT GOAL OF ANY ORGANIZATION. MARMOT KEEPS WORKSTATIONS AND TABLETS SAFE FROM MALWARE, ALWAYS UP-TO-DATE ON WINDOWS, OFFICE, ETC. WITH THE RIGHT BALANCE OF ON-SITE AND REMOTE SUPPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,898,587

Investment Income $41,363

Other Revenue $-6,391

TOTAL REVENUE $2,933,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,032,098

Fundraising Expenses $0

Program Expenses $3,120,628

Other Expenses $1,551,129

TOTAL EXPENSES $3,583,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,933,559	$2,866,980	+0.0%
Expenses	$3,583,227	$2,924,881	+0.2%
Net Income	$-649,668	$-57,901	+10.2%

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

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

$147,055

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM MURRAY	EXECUTIVE DI	40.00	Officer	$147,055	$0	$147,055
SEAN HANSON	ASSISTANT DI	40.00	Highest	$112,685	$0	$112,685
JUSTIN WIESE	SYSTEM ADMIN	40.00	Highest	$100,303	$0	$100,303
MICHELLE BOISVENUE-FOX	COUNCIL MEMB	1.00	Director	$0	$0	$0
DREW BROOKHART	COUNCIL MEMB	1.00	Director	$0	$0	$0
BRANDI CUMMINGS	COUNCIL MEMB	1.00	Director	$0	$0	$0
TEGAN DAVIS	COUNCIL MEMB	1.00	Director	$0	$0	$0
NICOLE DECRETTE	COUNCIL MEMB	1.00	Director	$0	$0	$0
MARY ANN DEGGINGER	COUNCIL MEMB	1.00	Director	$0	$0	$0
TYLER DUNN	COUNCIL MEMB	1.00	Director	$0	$0	$0
DAVID FARNEN	COUNCIL MEMB	1.00	Director	$0	$0	$0
RACHEL FEWELL	COUNCIL MEMB	1.00	Director	$0	$0	$0
ANDY GARDNER	COUNCIL MEMB	1.00	Director	$0	$0	$0
TALLIE GRAY	COUNCIL MEMB	1.00	Director	$0	$0	$0
LADONNA GUNN	COUNCIL MEMB	1.00	Director	$0	$0	$0
JULIE HEWITT	COUNCIL MEMB	1.00	Director	$0	$0	$0
MELISSA HISEL	COUNCIL MEMB	1.00	Director	$0	$0	$0
NIKKI JOHNSTON	COUNCIL MEMB	1.00	Director	$0	$0	$0
CECELIA LAFRANCE	COUNCIL MEMB	1.00	Director	$0	$0	$0
JAMIE LARUE	COUNCIL MEMB	1.00	Director	$0	$0	$0
KATHRYN LYNIP	COUNCIL MEMB	1.00	Director	$0	$0	$0
BRENDA MARSHALL	COUNCIL MEMB	1.00	Director	$0	$0	$0
SUSAN MATTHEWS	COUNCIL MEMB	1.00	Director	$0	$0	$0
KIMBERLY MCNALLY	COUNCIL MEMB	1.00	Director	$0	$0	$0
PAUL PALADINO	COUNCIL MEMB	1.00	Director	$0	$0	$0
KATHERINE PARKER	COUNCIL MEMB	1.00	Director	$0	$0	$0
PEGGY PARRISH	COUNCIL MEMB	1.00	Director	$0	$0	$0
JENNIFER PHARES	COUNCIL MEMB	1.00	Director	$0	$0	$0
AMY PHILLIPS	COUNCIL MEMB	1.00	Director	$0	$0	$0
DENNIS QUINN	COUNCIL MEMB	1.00	Director	$0	$0	$0
SYLVIA RAEL	COUNCIL MEMB	1.00	Director	$0	$0	$0
CHRISTINE RUSSELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ALYSA SELBY	PRESIDENT A	1.00	Officer Director	$0	$0	$0
AMY SHIPLEY	COUNCIL MEMB	1.00	Director	$0	$0	$0
BRENA SMITH	COUNCIL MEMB	1.00	Director	$0	$0	$0
GENEVIEVE SMITH	COUNCIL MEMB	1.00	Director	$0	$0	$0
JON SOLOMON	COUNCIL MEMB	1.00	Director	$0	$0	$0
DOUGLAS STRAUSS	COUNCIL MEMB	1.00	Director	$0	$0	$0
SHANA WADE	TREASURER	1.00	Officer Director	$0	$0	$0
KATY WALKER	COUNCIL MEMB	1.00	Director	$0	$0	$0
MICHAEL WASILICK	COUNCIL MEMB	1.00	Director	$0	$0	$0
MATTHEW WEST	COUNCIL MEMB	1.00	Director	$0	$0	$0
TIFFANIE WICK	COUNCIL MEMB	1.00	Director	$0	$0	$0
SARAH WILKINSON	COUNCIL MEMB	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
2024	$2,933,559	$3,583,227	$1,951,074	$-649,668
2023	$2,866,980	$2,924,881	$2,385,089	$-57,901
2022	$2,559,046	$2,487,767	$2,173,376	$71,279
2021	$2,512,570	$2,194,976	$2,217,133	$317,594
2020	$2,572,621	$2,195,188	$1,905,863	$377,433
2019	$2,477,721	$2,024,374	$1,575,981	$453,347
2018	$2,332,800	$1,954,878	$995,856	$377,922