FRIENDS OF THE LIBRARY-DEARBORN

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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

Principal Officer

EDWARD MAURUS

Phone

3139432023

Tax Period

2024-06-01 to 2025-05-31

FRIENDS OF THE LIBRARY-DEARBORN, founded in 1981, is a micro nonprofit that reported $8K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $8K left a modest 4% surplus.

Mission

TO FOSTER CLOSER RELATIONS BETWEEN DEARBORN DEPARTMENT OF LIBRARIES, THE DEARBORN CITY GOVERNMENT AND THE PEOPLE OF DEARBORN; AND FURTHER, TO PROMOTE KNOWLEDGE OF AND INFORMED INTEREST IN, THE FUNCTIONS, SERVICES, AND RESOURCES AND NEED OF THE LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $7,061

ENCOURAGING COMMUNITY SUPPORT & INTEREST IN THE SERVICES, RESOURCES, AND NEEDS OF THE LIBRARY THROUGH MEMBERSHIP DRIVES, NEWSLETTERS AND SOLICITING LIBRARY VOLUNTEERS.

Program 2

THE FRIENDS OF THE LIBRARY ORGANIZE, VOLUNTEER AND RUN THE DEARBORN PUBLIC LIBRARY'S MONTHLY USED BOOK SALE.

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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 $8,231

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,061

Other Expenses $7,939

TOTAL EXPENSES $7,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,231	$8,822	-0.1%
Expenses	$7,939	$7,469	+0.1%
Net Income	$292	$1,353	-0.8%

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

N/A

Volunteers

N/A

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
EDWARD MAURUS	PRESIDENT	N/A	Officer	$0	$0	$0
PATRICIA BILL	DIRECTOR	N/A	Director	$0	$0	$0
JACQUELINE CSURGAI -SCHMITT	TREASURER	N/A	Officer	$0	$0	$0
LAURA LITTERIO	DIRECTOR	N/A	Officer	$0	$0	$0
PAMELA SAYRE	SECRETARY	N/A	Officer	$0	$0	$0
CAROLYN CICERO	DIRECTOR	N/A	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	$8,231	$7,939	$4,786	$292
2024	$8,822	$7,469	$4,494	$1,353
2023	$7,948	$7,469	$3,141	$479
2022	$7,088	$6,938	$2,662	$150
2021	$5,863	$6,218	$2,512	$-355