Minnesota Library Association (EIN 416055915) - 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

1967

Legal Domicile

Principal Officer

Travis Smith

Phone

6512946549

Tax Period

2023-01-01 to 2023-12-31

Minnesota Library Association, founded in 1967, is a small nonprofit that reported $328K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

An association of library supporters, respresenting all types of libraries by helping them accomplish together what none can do alone. MLA serves the interests of its members by facilitating educational opportunities, supporting ethical standard, legislative assestance and fostering connections.

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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 $80,236

Program Service Revenue $247,467

Investment Income $3

Other Revenue $0

TOTAL REVENUE $327,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $269,551

Other Expenses $317,963

TOTAL EXPENSES $317,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,706	$283,534	+0.2%
Expenses	$317,963	$270,199	+0.2%
Net Income	$9,743	$13,335	-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

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
See	Attachment I	1.00		$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	No data	No data	No data	No data
2023	$327,706	$317,963	$182,301	$9,743
2022	$283,534	$270,199	$215,269	$13,335
2021	$147,251	$157,284	$118,844	$-10,033
2020	$135,464	$170,966	$147,973	$-35,502
2019	$293,361	$341,889	$176,564	$-48,528
2018	$269,372	$239,227	$239,710	$30,145

Minnesota Library Association