SCHOOLCRAFT COMMUNITY LIBRARY

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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

1988

Legal Domicile

Principal Officer

PAM BALLETT

Phone

2696795959

Tax Period

2024-03-01 to 2025-02-28

SCHOOLCRAFT COMMUNITY LIBRARY, founded in 1988, is a small nonprofit in the Education sector that reported $271K in total revenue in fiscal year 2024. Expenses of $233K left a modest 14% surplus.

Mission

TO BE A COMMUNITY INFORMATION CENTER, CONNECTING PEOPLE OF ALL AGES TO READING, LIFELONG LEARNING AND PROFESSIONAL AND PERSONAL ENRICHMENT. WORKING TOGETHER, WE STRIVE TO PROVIDE EQUAL ACCESS TO INFORMATION, IDEAS AND KNOWLEDGE THROUGH BOOKS, PROGRAMS AND OTHER RESOURCES AND TECHNOLOGIES. IN ADDITION TO THE PAID STAFF, THE LIBRARY IS ALSO AIDED BY 6 REGULAR VOLUNTEERS AND UP TO 30 VOLUNTEERS THAT HELP WITH VARIOUS EVENTS.

Program Service Accomplishments

Program 1

Expenses: $85,290

PROVIDE LENDING MATERIALS (BOOKS, VOX BOOKS, AUDIOS, DVD'S, MAGAZINES, E- BOOKS, E-AUDIOS, LITERACY KITS, DISCOVERY KITS, HOTSPOTS AND CD PLAYERS) TO PATRONS. THE LIBRARY HAS 33,272 PIECES OF LENDING MATERIAL AVAILABLE TO PATRONS. THERE ARE 2094 PATRONS ON FILE. NEW PATRON CARDS ISSUED FOR THE YEAR WERE 191 INCLUDING 117 ADULTS AND 74 JUVENILES. TOTAL CIRCULATION OF MATERIAL FOR THE YEAR IS 11,482 EXCLUDING RENEWALS INCLUDING 4,943 ADULT MATERIALS, 306 YA AND 7,764 JUVENILE MATERIALS.

Program 2

Expenses: $47,384

OFFER LIBRARY PROGRAMS FOR ADULTS, TEENS, SCHOOL-AGE CHILDREN AND PRESCHOOLERS. THE LIBRARY OFFERED A TOTAL OF 323 PROGRAMS DURING THE YEAR. TOTAL PROGRAM PARTICIPANTS INCLUDED 1,682 ADULTS, 1,535...

OFFER LIBRARY PROGRAMS FOR ADULTS, TEENS, SCHOOL-AGE CHILDREN AND PRESCHOOLERS. THE LIBRARY OFFERED A TOTAL OF 323 PROGRAMS DURING THE YEAR. TOTAL PROGRAM PARTICIPANTS INCLUDED 1,682 ADULTS, 1,535 CHILDREN AND 146 YOUNG ADULTS FOR A TOTAL OF 3,363 PARTICIPANTS.

Program 3

Expenses: $25,271

PROVIDE SERVICES FOR PATRONS SUCH AS INTERNET AND WIRELESS, COMPUTERS, DATABASES, PRINTS, 3D PRINTS, COPIES, FAX, LAMINATING, TAX FORMS, HOTSPOTS, TUTORING AND COMMUNITY ROOM SPACE. THERE WERE 1,033 PATRON COMPUTER SESSIONS, 1,798 WIRELESS COMPUTER USAGES, 868 PHONE CALLS, 42 PATRONS REQUESTED TAX FORMS AND 1,254 REFERENCE QUESTIONS.

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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 $261,435

Program Service Revenue $6,390

Investment Income $2,369

Other Revenue $420

TOTAL REVENUE $270,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,566

Fundraising Expenses $0

Program Expenses $157,945

Other Expenses $73,772

TOTAL EXPENSES $233,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,614	$268,840	+0.0%
Expenses	$233,338	$214,226	+0.1%
Net Income	$37,276	$54,614	-0.3%

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

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

$55,494

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA MCGEHEE	PRESIDENT	N/A	Officer Director	$0	$0	$0
CYNDIE CHAPIN	TREASURER	N/A	Officer Director	$0	$0	$0
ALEXIS MCKEOWN	SECRETARY	N/A	Officer Director	$0	$0	$0
JULI NAJI	TRUSTEE	N/A	Director	$0	$0	$0
PATTY CLERY-MONROE	TRUSTEE	N/A	Director	$0	$0	$0
DANIELLE LUTEYN	TRUSTEE	N/A	Director	$0	$0	$0
AMBERLY DYGERT	TRUSTEE	N/A	Director	$0	$0	$0
CHELSEA GRAHAM	TRUSTEE	N/A	Director	$0	$0	$0
PAM BALLETT	DIRECTOR	N/A	Officer	$55,494	$0	$55,494

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	$270,614	$233,338	$392,916	$37,276
2023	$194,161	$211,435	$299,335	$-17,274
2022	$200,397	$198,230	$316,165	$2,167
2021	$211,617	$152,309	$313,012	$59,308
2020	$205,132	$183,165	$254,107	$21,967
2019	$203,114	$188,551	$231,893	$14,563