THE DETROIT PUBLIC LIBRARY FRIENDS FOUNDATION INC (EIN 381387108) - 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

1942

Legal Domicile

Principal Officer

SEAN RYAN EVERETT

Phone

3134006765

Tax Period

2024-05-01 to 2025-04-30

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.

Mission

TO ENHANCE ALL FORMS OF LITERACY AND AN INTEREST IN 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 (2024)

Revenue Breakdown

Contributions & Grants $60,047

Program Service Revenue $0

Investment Income $255,565

Other Revenue $3,866

TOTAL REVENUE $319,478

Expense Breakdown

Grants Paid $35,749

Salaries & Benefits $374,339

Fundraising Expenses $61,911

Program Expenses $473,403

Other Expenses $157,911

TOTAL EXPENSES $567,999

Year-over-Year Comparison

	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%

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

$113,340

Total Directors

$113,340

Key Employees

Highest Compensated

reported

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

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	$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

THE DETROIT PUBLIC LIBRARY FRIENDS FOUNDATION INC