FRIENDS OF THE WEST BLOOMFIELD TOW… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

RHONDA ORR

Phone

2487883369

Tax Period

2024-06-01 to 2025-05-31

FRIENDS OF THE WEST BLOOMFIELD TOWNSHIP LIBRARY, founded in 1968, is a micro nonprofit that reported $84K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE SUPPORT AND AWARENESS FOR THE WEST BLOOMFIELD TOWNSHIP LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $77,815

SUPPORTS FUNDING TO THE WEST BLOOMFIELD TOWNSHIP LIBRARY BY UNDERWRITING THE COST OF MATERIALS AND PROGRAMS, PURCHASING FURNISHINGS AND EQUIPMENT, AND PROMOTING THE ENJOYMENT OF READING.

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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 $47,773

Program Service Revenue $0

Investment Income $13

Other Revenue $36,572

TOTAL REVENUE $84,358

Expense Breakdown

Grants Paid $51,072

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,815

Other Expenses $13,447

TOTAL EXPENSES $91,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,358	$75,420	+0.1%
Expenses	$91,262	$87,318	+0.0%
Net Income	$-6,904	$-11,898	-0.4%

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
IRIS RADNER	IMMED. PAST PRESIDENT	10.00	Officer	$0	$0	$0
JOHNNIE ROQUEMORE	PRESIDENT	10.00	Officer	$0	$0	$0
ALENE MILLER	SECRETARY	1.00	Officer	$0	$0	$0
RHONDA ORR	TREASURER	1.00	Officer	$0	$0	$0
RITA KAPLAN	ASST. TREASURER	1.00	Officer	$0	$0	$0
ROBIN KAUFMAN	VICE PRESIDENT	1.00	Officer	$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	$84,358	$91,262	$127,601	$-6,904
2024	$75,420	$87,318	$134,505	$-11,898
2023	$49,925	$39,432	$146,403	$10,493
2022	$36,547	$66,527	$135,910	$-29,980
2021	$6,201	$28,908	$165,890	$-22,707
2020	$38,495	$39,137	$188,597	$-642
2019	$141,020	$57,057	$189,239	$83,963

FRIENDS OF THE WEST BLOOMFIELD TOWNSHIP LIBRARY