FRIENDS OF THE ANN ARBOR DISTRICT LIBRARY (EIN 386084161) - 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

1953

Legal Domicile

Principal Officer

KIM CLARK

Phone

7343027774

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE ANN ARBOR DISTRICT LIBRARY, founded in 1953, is a small nonprofit in the Education sector that reported $165K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $47K, a strong 29% operating margin.

Mission

TO PROMOTE KNOWLEDGE OF AND INTEREST IN THE FUNCTIONS, SERVICES, RESOURCES AND NEEDS OF THE ANN ARBOR DISTRICT LIBRARY AND TO RAISE FUNDS FOR THE BENEFIT OF THE LIBRARY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $155,939

Program Service Revenue $0

Investment Income $9,464

Other Revenue $0

TOTAL REVENUE $165,403

Expense Breakdown

Grants Paid $46,000

Salaries & Benefits $44,868

Fundraising Expenses $0

Program Expenses $112,657

Other Expenses $27,262

TOTAL EXPENSES $118,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,403	$142,383	+0.2%
Expenses	$118,130	$93,876	+0.3%
Net Income	$47,273	$48,507	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE BARR	SECRETARY	N/A	Director	$0	$0	$0
STEPHANIE BUNKER	DIRECTOR	N/A	Director	$0	$0	$0
MARIONETTE CANO	MEMBERSHIP C	N/A	Director	$0	$0	$0
KIM CLARK	CO-PRESIDENT	N/A	Officer Director	$0	$0	$0
LAURA DENTON	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN HELLERMAN	CO-PRESIDENT	N/A	Director	$0	$0	$0
GARRETT SCOTT	TREASURER	N/A	Officer Director	$0	$0	$0
ROBERT WHITE	DIRECTOR	N/A	Director	$0	$0	$0
SANDRA WHITE	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	No data	No data	No data	No data
2024	$165,403	$118,130	$191,883	$47,273
2023	$142,383	$93,876	$146,809	$48,507
2022	$100,661	$58,259	$97,820	$42,402
2021	$37,379	$51,811	$54,797	$-14,432
2019	$162,856	$158,223	$86,669	$4,633

FRIENDS OF THE ANN ARBOR DISTRICT LIBRARY