Friends of the Kalkaska County Lib… - Form 990 Financial Data

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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

2006

Phone

2312589411

Tax Period

2025-01-01 to 2025-12-31

Friends of the Kalkaska County Library, founded in 2006, is a small nonprofit in the Education sector that reported $251K in total revenue in fiscal year 2025. Revenue surged 591% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 90% operating margin.

Mission

To inform all county residents of the Library's functions, services, resources, and needs, encourage community participation, raise funds for use by the Library and provide support for Library services and resources.

Program Service Accomplishments

Program 1

Expenses: $5,305 Revenue: $198,758

Donation of Estate including home, household contents, car, tracker & piano to Friends of the 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 (2025)

Revenue Breakdown

Contributions & Grants $211,021

Program Service Revenue $0

Investment Income $8,482

Other Revenue $31,508

TOTAL REVENUE $251,011

Expense Breakdown

Grants Paid $12,394

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,717

Other Expenses $11,477

TOTAL EXPENSES $23,871

Year-over-Year Comparison

	2025	2024	Change
Revenue	$251,011	$36,333	+5.9%
Expenses	$23,871	$16,147	+0.5%
Net Income	$227,140	$20,186	+10.3%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Becca Barr	President	N/A	Officer	$0	$0	$0
MaryAnn Krummery	Vice-President	N/A	Officer	$0	$0	$0
Becky Wesley	Co-Treasurer	N/A	Officer	$0	$0	$0
Molly Dalton	Co-Treasurer	N/A	Officer	$0	$0	$0
Laura Church	Secretary	N/A	Officer	$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
2025	$251,011	$23,871	$467,469	$227,140

Friends of the Kalkaska County Library