CASS DISTRICT LIBRARY

🔒

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

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

EILEEN TONEY

Phone

2692167088

Tax Period

2024-01-01 to 2024-12-31

CASS DISTRICT LIBRARY, founded in 1993, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2024. Revenue surged 284% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 59% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE CASS DISTRICT LIBRARY IS TO SERVE AS A PUBLIC LIBRARY FOR THE RESIDENTS OF THE GOVERNMENTAL UNITS WITHIN THE LIBRARY'S SERVICE AREA (ALL OF CASS COUNTY, MI EXCEPT THE TOWNSHIPS OF MARCELLUS, SILVER CREEK, WAYNE, AND THE CITY OF DOWAGIAC). THE CASS DISTRICT LIBRARY PROVIDES TYPICAL PUBLIC LIBRARY SERVICES, SPECIFICALLY PROVIDING AND MAINTAINING MATERIALS FOR THE GENERAL PUBLIC TO USE IN-HOUSE AND FOR MEMBERS OF THE LIBRARY'S SERVICE AREA TO BORROW. THE CASS DISTRICT LIBRARY MAINTAINS A NON-CIRCULATING LOCAL HISTORY AND GENEALOGY REFERENCE CENTER AND ALSO PROVIDES NO-COST INFORMATIONAL AND EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS.

Program Service Accomplishments

Program 1

Expenses: $2,595,891

PURCHASE AND MAINTENANCE OF MATERIALS FOR THE CIRCULATING COLLECTION. THESE INCLUDE BOOKS, MOVIES, AND MUSIC IN BOTH PHYSICAL AND DIGITAL FORMATS. BOOKS ARE PURCHASED IN HARDCOVER, SOFTCOVER, LARGE PRINT, DIGITAL, AUDIO ON CD AND DIGITAL AUDIO FORMATS. MOVIES ARE PURCHASED ON DVD AND IN DIGITAL FORMAT. MUSIC IS PURCHASED ON CD AND IN DIGITAL FORMAT. ALL DIGITAL MATERIALS MAY BE ACCESSED REMOTELY. THE LIBRARY ALSO MAINTAINS A COLLECTION OF PERIODICALS FOR CIRCULATION. THE LIBRARY PURCHASES ACCESS TO INFORMATIONAL DATABASES AVAILABLE TO PATRONS IN HOUSE AND REMOTELY. THE LIBRARY PROVIDES PUBLIC ACCESS TO THE INTERNET. MATERIALS ARE PURCHASED FOR ADULTS, TEENS, AND CHILDREN.

Program 2

STORY HOUR PROGRAMS ARE PROVIDED FOR INFANTS, TODDLERS, AND PRESCHOOLERS. THE LIBRARY PROVIDES A SUMMER READING PROGRAM FOR ALL AGES AND INFORMATIONAL AND ENTERTAINMENT PROGRAMS THROUGHOUT THE YEAR...

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,806

Program Service Revenue $18,277

Investment Income $5,188,690

Other Revenue $1,852,044

TOTAL REVENUE $7,070,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $792,895

Fundraising Expenses $35,175

Program Expenses $2,595,891

Other Expenses $2,137,884

TOTAL EXPENSES $2,930,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,070,817	$1,840,913	+2.8%
Expenses	$2,930,779	$1,548,779	+0.9%
Net Income	$4,140,038	$292,134	+13.2%

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

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

$82,589

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN TONEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW CHURCHILL	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH GROSS	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA ASMUS	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA CROCKER	TRUSTEE	1.00	Director	$0	$0	$0
RON MCADAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TABITHA SCHAFER	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA GORDON	LIBRARY DIRECTOR	40.00	Officer	$82,589	$0	$82,589

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
2024	$7,070,817	$2,930,779	$7,245,995	$4,140,038
2023	$1,840,913	$1,548,779	$2,732,231	$292,134
2022	$1,517,777	$1,614,717	$2,398,595	$-96,940
2021	$1,419,366	$1,324,998	$2,228,368	$94,368
2020	$1,348,296	$1,311,811	$2,066,931	$36,485
2019	$1,359,217	$1,240,333	$2,024,587	$118,884
2018	$1,312,695	$1,168,934	$1,826,592	$143,761