FRIENDS OF THE COLD SPRING LIBRARY

EIN: 460724068 501(c)(3) Education

COLD SPRING, MN

Total Revenue
$5,430
Total Expenses
$3,288
Total Assets
$25,439
Net Assets
$25,439
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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
2012
Legal Domicile
MN
Principal Officer
BRENDA TIMM
Phone
3202376311
Tax Period
2020-01-01 to 2020-12-31

FRIENDS OF THE COLD SPRING LIBRARY, founded in 2012, is a micro nonprofit in the Education sector that reported $5K in total revenue in fiscal year 2020. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $2K, a strong 39% operating margin.

Mission

TO RAISE FUNDS, EXPAND LIBRARY FACILITIES, SUPPORT CURRENT AND FUTURE LIBRARY PROGRAMMING AND SERVICES, AND TO ENGAGE IN COMMUNITY OUTREACH RELATED TO LINRARIES, LINRARY SERVICES AND LITERACY.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $5,430
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,288
Other Expenses $3,288
TOTAL EXPENSES $3,288

Year-over-Year Comparison

2020 2019 Change
Revenue $5,430 $6,186 -0.1%
Expenses $3,288 $4,137 -0.2%
Net Income $2,142 $2,049 +0.0%
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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Governance

Voting Members
10
Independent Members
10
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA KONOP VICE PRESIDE N/A
Officer
$0 $0 $0
BRENDA TIMM PRESIDENT N/A
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
2020 $5,430 $3,288 $25,439 $2,142
2019 $6,186 $4,137 $23,297 $2,049
2018 $5,054 $4,388 $21,248 $666
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