DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE DETROIT PUBLIC LIBRARY FRIENDS FOUNDATION INC, founded in 1942, is a small nonprofit in the Education sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $568K exceeded revenue, resulting in a 78% operating deficit.
TO PROMOTE AND ENHANCE THE CITY OF DETROIT'S CULTURAL GROWTH, ALL FORMS OF LITERACY, AN INTEREST IN BOOKS, AND OTHER FORMS OF HUMAN RECORD AND TO ESTABLISH COOPERATIVE RELATIONSHIPS AND PROGRAMS WITH THE DETROIT PUBLIC LIBRARY AND OTHER CULTURAL INSTITUTIONS AND GROUPS IN SUPPORT OF SUCH CHARITABLE, LITERARY, AND EDUCATIONAL PURPOSES.
PROGRAMMING/EVENTS - INCLUDES YOUTH AND FAMILY LITERACY AND EDUCATIONAL ACTIVITIES, TECHNOLOGY DRIVEN EFFORTS AND UNIVERSAL ACCESS THROUGH STRATEGIC PARTNERSHIPS AND DEVELOPMENT.
LITERACY INITIATIVES - LITERACY IS THE KEY TO UNDERSTANDING THE WORLD AROUND US AND WHILE THE LANDSCAPE MAY CHANGE AS TIME MOVES ON, KNOWLEDGE WILL ALWAYS BE A FORMIDABLE OPPONENT AGAINST POVERTY AND...
LITERACY INITIATIVES - LITERACY IS THE KEY TO UNDERSTANDING THE WORLD AROUND US AND WHILE THE LANDSCAPE MAY CHANGE AS TIME MOVES ON, KNOWLEDGE WILL ALWAYS BE A FORMIDABLE OPPONENT AGAINST POVERTY AND DIVISION. THE ORGANIZATION WILL CONTINUE TO SEEK OUT, SUPPORT AND PROVIDE RESOURCES THAT SUPPORT THE COMMUNITIES WE SERVE IN OVERCOMING THE OBSTACLES THAT STAND IN THE WAY OF THEIR GREATNESS.
COMMUNITY ENGAGEMENT/ LIBRARY SUPPORT AND ADVOCACY - INCLUDES TRADITIONAL LIBRARY INITIATIVES:EARLY LITERACY (K-3); BASIC LITERACY; DIGITAL/TECHNOLOGICAL LITERACY; PRIORITIZES PROGRAMS WITH AN...
COMMUNITY ENGAGEMENT/ LIBRARY SUPPORT AND ADVOCACY - INCLUDES TRADITIONAL LIBRARY INITIATIVES:EARLY LITERACY (K-3); BASIC LITERACY; DIGITAL/TECHNOLOGICAL LITERACY; PRIORITIZES PROGRAMS WITH AN EMPHASIS ON LITERACY AND MENTORSHIP FOR YOUNG CHILDREN OF COLOR; ENCOURAGES AND SUPPORTS COLLABORATIVE PARTNERSHIPS TO DELIVER NEW, INNOVATIVE AND EQUITY DRIVEN PROGRAMMING OPPORTUNITIES FOR THE DETROIT COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $319,478 | $221,854 | +0.4% |
| Expenses | $567,999 | $528,534 | +0.1% |
| Net Income | $-248,521 | $-306,680 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID COSTA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN GARDYNIK | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN KRIEMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CRYSTAL POWELL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SEAN RYAN EVERETT | EXEC DIRECTOR/BOARD PRESIDENT | 40.00 |
Officer
Director
|
$105,768 | $7,572 | $113,340 |
| CAROL HUCKLEBY | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN SPICA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JEANNE WARDFORD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SHARRI WATKINS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $319,478 | $567,999 | $3,598,990 | $-248,521 |
| 2024 | $221,854 | $528,534 | $3,783,820 | $-306,680 |
| 2023 | $172,370 | $487,690 | $3,886,266 | $-315,320 |
| 2022 | $310,193 | $510,251 | $4,265,630 | $-200,058 |
| 2021 | $772,383 | $402,203 | $4,862,508 | $370,180 |
| 2020 | $235,281 | $278,122 | $3,850,553 | $-42,841 |
| 2019 | $458,669 | $332,737 | $4,015,210 | $125,932 |
| 2018 | $396,491 | $300,570 | $3,915,177 | $95,921 |
Compare THE DETROIT PUBLIC LIBRARY FRIENDS FOUNDATION INC with other nonprofits in Michigan and across the country.