ELK RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF THE ELK RAPIDS DISTRICT LIBRARY, founded in 2015, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 88% operating deficit.
TO SUPPORT THE ACTIVITIES OF THE ELK RAPIDS DISTRICT LIBRARY THROUGH PARTICIPATION AND FUNDRAISING ACTIVITIES. TO ACTIVELY SOLICIT, ADMINISTER AND DISBURSE DONATIONS FROM THE GENERAL PUBLIC, FOUNDATIONS AND CORPORATIONS FOR THE BENEFIT OF THE LIBRARY. TO ORGANIZE AND MANAGE THE LIBRARY'S USED BOOKSTORE, GENERATING FUNDS BY DISPOSING OF AND/OR RECYLCING BOOKS AND OTHER MEDIA MATERIALS. TO FINANCE PROGRAMS AND SERVICES FOR THE COMMUNITY. TO ADVOCATE FOR THE NEEDS OF THE LIBRARY AND PROMOTE IT IN THE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $46,827 | $73,062 | -0.4% |
| Expenses | $88,033 | $36,449 | +1.4% |
| Net Income | $-41,206 | $36,613 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHARON BACON | VICE CHAIR | 3.00 |
Director
|
$0 | $0 | $0 |
| KARIN BEERY | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOBBIT BELLINGHAM | DIRECTOR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY CHENOWETH | DIRECTOR-AT- | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAMILLE CAMPBELL | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANN MCPHAIL | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| PAULA MOYER | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MYRA MUTH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JUDY PASSON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| LAURA SAVOIE | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $46,827 | $88,033 | $81,638 | $-41,206 |
| 2023 | $73,062 | $36,449 | $122,894 | $36,613 |
| 2022 | $55,107 | $14,259 | $87,572 | $40,848 |
| 2021 | $44,377 | $44,450 | $45,383 | $-73 |
| 2020 | $476,253 | $476,935 | $45,456 | $-682 |
| 2020 | $476,253 | $476,935 | $45,456 | $-682 |
| 2019 | $498,819 | $488,305 | $46,138 | $10,514 |
Compare FRIENDS OF THE ELK RAPIDS DISTRICT LIBRARY with other nonprofits in Michigan and across the country.