LADIES LIBRARY ASSOCIATION OF KALAMAZOO

EIN: 381434048 501(c)(3)

KALAMAZOO, MI

Total Revenue
$141,015
Total Expenses
$153,349
Total Assets
$4,675,346
Net Assets
$4,665,670
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
MI
Principal Officer
GRACE KALAFUT
Phone
2693443710
Tax Period
2019-01-01 to 2019-12-31

LADIES LIBRARY ASSOCIATION OF KALAMAZOO, founded in 1926, is a small nonprofit that reported $141K in total revenue in fiscal year 2019. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $4.7M represent 397 months of operating reserves.

Mission

PRESERVATION OF HISTORIC LIBRARY BUILDING, PROMOTION OF LITERACY AND CIVIC WELFARE AND IMPROVEMENT

Program Service Accomplishments

Program 1
Expenses: $119,660 Revenue: $9,000

MAINTENANCE OF MICHIGAN HISTORIC COMMISSION REGISTERED SITE NO.221

Program 2
Expenses: $3,648

PROMOTED LITERACY BY PROVIDING EDUCATIONAL MATERIALS THROUGH THE BOOKS FOR BABIES CAMPAIGN, PROMOTED CIVIC WELFARE THROUGH DONATIONS TO VARIOUS WELFARE ORGANIZATIONS

Program 3
Expenses: $5,508 Revenue: $7,146

PROMOTED CIVIC WELFARE AND LITERACY THROUGH MEETINGS AND LUNCHEONS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $31,084
Program Service Revenue $16,146
Investment Income $87,585
Other Revenue $6,200
TOTAL REVENUE $141,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,293
Fundraising Expenses $387
Program Expenses $128,816
Other Expenses $144,056
TOTAL EXPENSES $153,349

Year-over-Year Comparison

2019 2018 Change
Revenue $141,015 $112,151 +0.3%
Expenses $153,349 $155,462 0.0%
Net Income $-12,334 $-43,311 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
60

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
JANET HELLER PRESIDENT 30.00
Officer Director
$0 $0 $0
GRACE KALAFUT VICE PRESIDE 30.00
Officer Director
$0 $0 $0
NANCY COLBURN SECRETARY 30.00
Officer Director
$0 $0 $0
ANN VIDETICH TREASURER 30.00
Officer Director
$0 $0 $0
BARBARA BAKER WAYS&MEANS C 40.00
Director
$0 $0 $0
MARGE KARS BLDG & GROUN 30.00
Director
$0 $0 $0
BETTY BENNETT NOMINATING C 10.00
Director
$0 $0 $0
GALYN BARNUM COMMUNICATIO 30.00
Director
$0 $0 $0
JAN SYMONS MEMBERSHIP C 30.00
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
2019 $141,015 $153,349 $4,675,346 $-12,334
2018 $112,151 $155,462 $4,364,721 $-43,311
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LADIES LIBRARY ASSOCIATION OF KALAMAZOO with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.