LADIES LIBRARY ASSOCIATION OF KALAMAZOO (EIN 381434048) - 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

1926

Legal Domicile

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

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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 (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

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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

Key Employees

Highest Compensated

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

LADIES LIBRARY ASSOCIATION OF KALAMAZOO