ANN ARBOR DISTRICT 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

1995

Legal Domicile

Principal Officer

ELI NEIBURGER

Phone

7343274517

Tax Period

2024-07-01 to 2025-06-30

ANN ARBOR DISTRICT LIBRARY, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $22.7M in total revenue in fiscal year 2024. Expenses of $20.7M left a modest 9% surplus.

Mission

THE EXISTENCE OF THE ANN ARBOR DISTRICT LIBRARY ASSURES PUBLIC OWNERSHIP OF PRINT COLLECTIONS, DIGITAL RESOURCES, AND GATHERING SPACES FOR THE CITIZENS OF THE LIBRARY DISTRICT. WE ARE COMMITTED TO SUSTAINING THE VALUE OF PUBLIC LIBRARY SERVICES FOR THE GREATER ANN ARBOR COMMUNITY THROUGH THE USE OF TRADITIONAL AND INNOVATIVE TECHNOLOGIES.

Program Service Accomplishments

Program 1

Expenses: $18,807,115 Revenue: $197,359

SERVED THE PUBLIC BY PROVIDING A DOWNTOWN LIBRARY AND FOUR BRANCH LOCATIONS. SERVICES AND MATERIALS OFFERED INCLUDED BOOKS, MAGAZINES, REFERENCE MATERIALS, AUDIO-VISUAL MATERIALS, COMPUTER...

SERVED THE PUBLIC BY PROVIDING A DOWNTOWN LIBRARY AND FOUR BRANCH LOCATIONS. SERVICES AND MATERIALS OFFERED INCLUDED BOOKS, MAGAZINES, REFERENCE MATERIALS, AUDIO-VISUAL MATERIALS, COMPUTER LABS,INTERNET ACCESS, MEETING ROOMS AND VARIOUS EVENTS.

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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 $22,215,235

Program Service Revenue $197,359

Investment Income $302,460

Other Revenue $0

TOTAL REVENUE $22,715,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,066,167

Fundraising Expenses $0

Program Expenses $18,807,115

Other Expenses $7,594,620

TOTAL EXPENSES $20,660,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,715,054	$21,281,383	+0.1%
Expenses	$20,660,787	$22,500,797	-0.1%
Net Income	$2,054,267	$-1,219,414	-2.7%

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

372

Volunteers

257

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

$233,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELI NEIBURGER	EXECUTIVE DI	40.00	Officer	$209,452	$23,997	$233,449
SHERLONYA ZOBEL	ASSOCIATE DI	40.00	Highest	$163,753	$23,263	$187,016
LEONARD LEMORIE	ASSOCIATE DI	40.00	Highest	$148,037	$23,458	$171,495
RICHARD RETYI	COMM AND MAR	40.00	Highest	$125,108	$7,877	$132,985
ANDREW MACLAREN	ARCHIVES MAN	40.00	Highest	$112,505	$23,628	$136,133
MOLLY KLEINMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
AIDAN SOVA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LISA CAMPBELL	TREASURER	1.00	Officer Director	$0	$0	$0
ONNA SOLOMON	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHERINE HADLEY	TRUSTEE	1.00	Director	$0	$0	$0
JIM LEIJA	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT TRUDEAU	TRUSTEE	1.00	Director	$0	$0	$0
SARA WEDELL	COLLECTIONS	40.00	Highest	$112,626	$772	$113,398

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	$22,715,054	$20,660,787	$51,253,572	$2,054,267
2024	$21,281,383	$22,500,797	$46,748,430	$-1,219,414
2023	$19,920,309	$17,924,587	$44,473,554	$1,995,722
2022	$18,573,402	$21,526,366	$42,776,591	$-2,952,964
2021	$18,118,854	$17,003,203	$39,560,522	$1,115,651
2020	$18,042,413	$17,237,144	$38,058,060	$805,269
2019	$17,251,023	$15,909,150	$37,018,128	$1,341,873
2018	$16,524,831	$14,888,240	$35,341,144	$1,636,591