CENTRAL MINNESOTA LIBRARIES EXCHAN… - 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

1979

Legal Domicile

Principal Officer

MARY WILKINS JORDAN

Phone

3202571937

Tax Period

2019-07-01 to 2020-06-30

CENTRAL MINNESOTA LIBRARIES EXCHANGE, founded in 1979, is a small nonprofit that reported $219K in total revenue in fiscal year 2019. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 15% operating margin.

Mission

SEE PAGE 1, LINE 1.

Program Service Accomplishments

Program 1

Expenses: $150,704 Revenue: $115

MN LIBRARY EXCHANGE SERVICES 12 LOCAL COUNTIES. THE MN LIBRARIES EXCGANGE ENCOURAGES AND DEVELOPS COOPERATIVE ACTIVITIES AMONG LOCAL LIBRARIES INCLUDING SHARING RESOURCES, PLANNING AND DELIVERY OF...

MN LIBRARY EXCHANGE SERVICES 12 LOCAL COUNTIES. THE MN LIBRARIES EXCGANGE ENCOURAGES AND DEVELOPS COOPERATIVE ACTIVITIES AMONG LOCAL LIBRARIES INCLUDING SHARING RESOURCES, PLANNING AND DELIVERY OF SYSTEM PROGRAMS, AND COMMUNICATION SYSTEM DEVELOPMENT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $217,149

Program Service Revenue $0

Investment Income $1,405

Other Revenue $115

TOTAL REVENUE $218,669

Expense Breakdown

Grants Paid $5,745

Salaries & Benefits $141,092

Fundraising Expenses $0

Program Expenses $150,704

Other Expenses $38,092

TOTAL EXPENSES $184,929

Year-over-Year Comparison

	2019	2018	Change
Revenue	$218,669	$175,584	+0.2%
Expenses	$184,929	$173,182	+0.1%
Net Income	$33,740	$2,402	+13.0%

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

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

$90,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY WILKINS JORDAN	EXECUTIVE DIRECTOR	40.00	Officer	$77,106	$13,741	$90,847
CARLA LYDON	PRESIDENT	0.25	Officer Director	$0	$0	$0
BETHANY KAUFFMAN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
JESSIE STORLIEN	SECRETARY	0.25	Officer Director	$0	$0	$0
VI BERGQUIST	TREASURER	0.25	Officer Director	$0	$0	$0
KAREN LEE	BOARD MEMBER	0.25	Director	$0	$0	$0
WENDY KAFKA	BOARD MEMBER	0.25	Director	$0	$0	$0
KARLYN FORNER	BOARD MEMBER	0.25	Director	$0	$0	$0
MARY EBERLEY	BOARD MEMBER	0.25	Director	$0	$0	$0
JAYNE DIETZ	BOARD MEMBER	0.25	Director	$0	$0	$0
LEIGH LENZMEIER	BOARD MEMBER	0.25	Director	$0	$0	$0
RANDY WINSCHER	BOARD MEMBER	0.25	Director	$0	$0	$0
ROBERT JENSEN	VICE PRESIDENT (PARTIAL YEAR)	0.25	Officer 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
2020	$218,669	$184,929	$396,837	$33,740

CENTRAL MINNESOTA LIBRARIES EXCHANGE