FRIENDS OF DECORAH PUBLIC LIBRARY INC (EIN 421433573) - 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

1995

Legal Domicile

Principal Officer

SUSAN BALLANTYNE

Phone

5633823717

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF DECORAH PUBLIC LIBRARY INC, founded in 1995, is a small nonprofit in the Public & Societal Benefit sector that reported $348K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $304K, a strong 87% operating margin.

Mission

IT IS THE PURPOSE OF THE FRIENDS OF THE LIBRARY TO PROMOTE & ENHANCE THE DECORAH PUBLIC LIBRARY & ITS PROGRAMS FOR THE LEISURE, ENTERTAINMENT & PERSONAL LIFE-LONG LEARNING OF THE CITIZENS OF DECORAH & GREATER WINNESHIEK COUNTY.

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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 $301,060

Program Service Revenue $28,935

Investment Income $15,098

Other Revenue $2,919

TOTAL REVENUE $348,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,709

Other Expenses $43,868

TOTAL EXPENSES $43,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,012	$402,304	-0.1%
Expenses	$43,868	$38,395	+0.1%
Net Income	$304,144	$363,909	-0.2%

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

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
PAT DOWNS	SECRETARY	1.00	Director	$0	$0	$0
SUE LUZUM	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL PELLET	LIBRARY BOAR	1.00	Director	$0	$0	$0
ALICE RUNDE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELSIE SKELLENGER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN BALLANTYNE	TREASURER	1.00	Officer	$0	$0	$0
ALAN ELLICKSON	PRESIDENT	1.00	Officer	$0	$0	$0
SUE ELLINGSON	VICE PRESIDE	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	$348,012	$43,868	$1,156,834	$304,144
2024	$402,304	$38,395	$835,752	$363,909

FRIENDS OF DECORAH PUBLIC LIBRARY INC