Save Our Libraries Institute

EIN: 851968497 501(c)(3) Education

Biddeford, ME

Total Revenue
$1,742
Total Expenses
$62,249
Total Assets
$5,730
Net Assets
$2,496
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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
2020
Legal Domicile
DE
Principal Officer
Kyle Courtney
Phone
2074155714
Tax Period
2023-01-01 to 2023-12-31

Save Our Libraries Institute, founded in 2020, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $62K exceeded revenue, resulting in a 3473% operating deficit.

Mission

Save our Libraries Institute is a nonprofit organization that champions the right to equitable access to knowledge. Our mission is to empower libraries to take control of their digital futures. We hold events, run programs in technology and access, write position papers and opinion pieces in the press, work on policy issues with our coalition, and partner with a variety of organizations to further our mission of equitable access to knowledge in the service of the public good.

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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 $1,742
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,742

Expense Breakdown

Grants Paid $52,081
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,413
Other Expenses $10,168
TOTAL EXPENSES $62,249

Year-over-Year Comparison

2023 2022 Change
Revenue $1,742 $3,726 -0.5%
Expenses $62,249 $413,066 -0.8%
Net Income $-60,507 $-409,340 -0.9%
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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kyle Courtney Chairman 1.00
Officer Director
$0 $0 $0
Meikle Hall Secretary 1.00
Officer Director
$0 $0 $0
Caroline Taylor Treasurer 1.00
Officer Director
$0 $0 $0
Heather Joseph Director 1.00
Director
$0 $0 $0
Jill Hurst-Wahl Director 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 $1,742 $62,249 $5,730 $-60,507
2022 $3,726 $413,066 $63,322 $-409,340
2021 $698,829 $246,308 $472,606 $452,521
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