UPPER MIDWEST BOOKSELLERS ASSOCIAT… - 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

1981

Legal Domicile

Phone

6122086279

Tax Period

2023-01-01 to 2023-12-31

UPPER MIDWEST BOOKSELLERS ASSOCIATION DBA MIDWEST INDEPENDENT BOOKSELLERS, founded in 1981, is a small nonprofit that reported $421K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

THE MIDWEST INDEPENDENT BOOKSELLERS ASSOCIATION ADVANCES THE SUCCESS OF INDEPENDENT BOOKSTORES, FOSTERS PARTNERSHIPS THAT CREATE A STRONG BOOKSELLING AND PUBLISHING COMMUNITY, AND CELEBRATES THE VITAL LITERARY CULTURE OF OUR REGION BY HOSTING PROGRAMS THAT STRENGTHEN BOOKSTORES AND CONNECT THEM TO COLLEAGUES FOR LEARNING AND MARKETING PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $540,742 Revenue: $618,758

MIDWEST INDEPENDENT BOOKSELLERS ASSOCIATION HOSTED EDUCATIONAL OPPORTUNITIES ABOUT HOW TO RUN AN INDEPENDENT BOOKSTORE; NETWORKING EVENTS TO MEET BOOKSELLERS, AND AUTHORS; OFFERED MARKETING...

MIDWEST INDEPENDENT BOOKSELLERS ASSOCIATION HOSTED EDUCATIONAL OPPORTUNITIES ABOUT HOW TO RUN AN INDEPENDENT BOOKSTORE; NETWORKING EVENTS TO MEET BOOKSELLERS, AND AUTHORS; OFFERED MARKETING OPPORTUNITIES TO HELP BOOKSELLERS SELL MORE BOOKS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $396,539

Investment Income $2,818

Other Revenue $21,703

TOTAL REVENUE $421,060

Expense Breakdown

Grants Paid $3,706

Salaries & Benefits $156,158

Fundraising Expenses $45,532

Program Expenses $540,742

Other Expenses $299,519

TOTAL EXPENSES $459,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,060	$582,374	-0.3%
Expenses	$459,383	$587,609	-0.2%
Net Income	$-38,323	$-5,235	+6.3%

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

Employees

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

$80,068

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE OBRY	Executive Dir.	40.00	Director	$80,068	$0	$80,068
KATE RATTENBORG SCOTT	Director	3.00	Director	$0	$0	$0
CARRIE KOEPKE	Director	4.00	Director	$0	$0	$0
ASHLEY VALENTINE	Director	3.00	Director	$0	$0	$0
RILEY JAY DAVIS	Director	2.00	Director	$0	$0	$0
SHANE MULLEN	Director	3.00	Director	$0	$0	$0
KRISTEN SANDSTROM	President	4.00	Officer	$0	$0	$0
EMILY HALL SCHROEN	Vice President	2.00	Officer	$0	$0	$0
BETSY VON KERENS	Secretary	3.00	Officer	$0	$0	$0
BROCHEAROE FABIAN	Treasurer	4.00	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
2024	No data	No data	No data	No data
2023	$421,060	$459,383	$469,427	$-38,323
2022	$582,374	$587,609	$416,880	$-5,235
2021	$321,601	$242,972	$424,002	$78,629
2020	$190,259	$223,517	$326,284	$-33,258
2019	$336,289	$351,992	$375,673	$-15,703
2018	$369,418	$413,245	$369,806	$-43,827

UPPER MIDWEST BOOKSELLERS ASSOCIATION DBA MIDWEST INDEPENDENT BOOKSELLERS