FRIENDS OF THE MILWAUKEE PUBLIC LIBRARY INC (EIN 237417573) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

Principal Officer

JESS RIPP

Phone

4142868703

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF THE MILWAUKEE PUBLIC LIBRARY INC, founded in 1975, is a small nonprofit that reported $236K in total revenue in fiscal year 2022. Revenue surged 396% from the prior year, signaling strong growth momentum. The organization ran a surplus of $173K, a strong 73% operating margin.

Mission

TO SUPPORT LIBRARIES, LITERACY AND LIFE-LONG LEARNING OF THE GREATER MILWAUKEE COMMUNITY.

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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 $184,966

Program Service Revenue $0

Investment Income $3,092

Other Revenue $47,534

TOTAL REVENUE $235,592

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,795

Other Expenses $37,878

TOTAL EXPENSES $62,878

Year-over-Year Comparison

	2022	2021	Change
Revenue	$235,592	$47,467	+4.0%
Expenses	$62,878	$38,065	+0.7%
Net Income	$172,714	$9,402	+17.4%

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

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

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
SHANNON SWEEK	PRESIDENT	2.00	Officer Director	$0	$0	$0
JESS RIPP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ADAM UPDIKE	TREASURER	5.00	Officer Director	$0	$0	$0
LOUISA SEIFERT	SECRETARY	2.00	Officer Director	$0	$0	$0
BARBARA FRANCZYK	PAST PRESIDENT	1.00	Director	$0	$0	$0
MOLLY ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JENNA GREEN AZAB	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN ENSBERG CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
DR TYLER FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
NANCY FLOOD	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN HEIRBAUT	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HOFSTETTER	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN IRION	DIRECTOR	1.00	Director	$0	$0	$0
DARIA KEMPKA	DIRECTOR	1.00	Director	$0	$0	$0
WILL KOEBEL	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE LEE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DIANA PINE	DIRECTOR	5.00	Director	$0	$0	$0
KATHERINE ROVERTINI	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WESTRUP	DIRECTOR	1.00	Director	$0	$0	$0
EMILIE WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
ALEJANDRO ZAMORA JR	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
2022	$235,592	$62,878	$277,204	$172,714

FRIENDS OF THE MILWAUKEE PUBLIC LIBRARY INC