FRIENDS OF MUIR LIBRARY

EIN: 300354769 501(c)(3) Education

WINNEBAGO, MN

Total Revenue
$78,086
Total Expenses
$5,622
Total Assets
$1,087,291
Net Assets
$1,087,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MN
Phone
5075253911
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF MUIR LIBRARY, founded in 2006, is a micro nonprofit in the Education sector that reported $78K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $72K, a strong 93% operating margin.

Mission

The mission of this organization is to focus public attention on library services, facilities and needs, and to encourage donations, gifts, endowments, and bequests to the library thereby stimulating increased usage and enhancement of library resources and services, and thus helping enrich the lives of the local community.The activities of the association shall include sponsorship of special projects, informing the public of the resources and services of the library, securing materials that are deemed proper and feasible by the Muir Library Board, and performing other services deemed helpful to 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,174
Program Service Revenue $0
Investment Income $76,912
Other Revenue $0
TOTAL REVENUE $78,086

Expense Breakdown

Grants Paid $3,562
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,242
Other Expenses $2,060
TOTAL EXPENSES $5,622

Year-over-Year Comparison

2025 2024 Change
Revenue $78,086 $67,167 +0.2%
Expenses $5,622 $6,073 -0.1%
Net Income $72,464 $61,094 +0.2%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE EASTVOLD Treasurer 2.00
Officer Director
$0 $0 $0
ELAINE KIEHM Director 2.00
Director
$0 $0 $0
MARILYN PEDERSON Secretary 2.00
Officer Director
$0 $0 $0
RANAE SCHUTT Director 2.00
Director
$0 $0 $0
SHIRLEY HAIGHT Director 2.00
Director
$0 $0 $0
BERT HOWARD President 2.00
Officer Director
$0 $0 $0
JOYCE WETZLER Director 2.00
Director
$0 $0 $0
KATHY DRESSEN Vice President 2.00
Officer Director
$0 $0 $0
NICOLE KRIENKE Director 2.00
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
2025 $78,086 $5,622 $1,087,291 $72,464
2024 $67,167 $6,073 $940,130 $61,094
2023 $30,079 $6,524 $827,010 $23,555
2022 $396,219 $13,463 $740,712 $382,756
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