RAMSEY COUNTY LIBRARY FRIENDS (EIN 411597085) - 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

1982

Legal Domicile

Principal Officer

MELISSA NYKANEN

Phone

6517246127

Tax Period

2024-01-01 to 2024-12-31

RAMSEY COUNTY LIBRARY FRIENDS, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $505K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $188K, a strong 37% operating margin.

Mission

TO STRENGTHEN, SUPPORT AND ADVOCATE FOR THE RAMSEY COUNTY LIBRARY SYSTEM IN ORDER TO ENRICH THE LIVES OF OUR LIBRARY USERS, TO PROMOTE LITERACY AND EDUCATION, AND TO FOSTER COMMUNITY

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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 $282,870

Program Service Revenue $62,776

Investment Income $140,040

Other Revenue $19,067

TOTAL REVENUE $504,753

Expense Breakdown

Grants Paid $130,000

Salaries & Benefits $119,650

Fundraising Expenses $16,856

Program Expenses $224,659

Other Expenses $66,928

TOTAL EXPENSES $316,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,753	$616,850	-0.2%
Expenses	$316,578	$355,794	-0.1%
Net Income	$188,175	$261,056	-0.3%

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

105

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

$52,237

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA NYKANEN	EX DIR - JUL	30.00	Director	$30,729	$0	$30,729
MARY WORLEY	EX DIR - JAN	30.00	Director	$21,508	$0	$21,508
VALERIE WISE	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY GUERINO	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JEWELIE GRAPE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARY LAINE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GRANT MUNSON	TREASURER, B	1.00	Officer Director	$0	$0	$0
GREGORY BROMEN	TREASURER, E	1.00	Officer Director	$0	$0	$0
CATHERINE CROGHAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE ALSHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BELGEA	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JANE MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
JAN RAPHEAL	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN ROUNDS	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTEN POECHER	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY BILLING	DIRECTOR	1.00	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
2024	$504,753	$316,578	$4,206,490	$188,175
2023	$616,850	$355,794	$3,886,350	$261,056
2022	$2,860,969	$342,839	$3,627,415	$2,518,130
2021	$329,246	$301,827	$1,319,097	$27,419
2020	$244,056	$294,413	$1,154,628	$-50,357
2019	$239,023	$270,680	$1,061,145	$-31,657
2018	$264,563	$321,302	$932,280	$-56,739

RAMSEY COUNTY LIBRARY FRIENDS