Central Minnesota Libraries Exchange

Nonprofit profile at a glance

EIN
411377043
IRS 990-EZ coverage
2010–2022
Forms available
Form 990 2019, Form 990-EZ 2022
Location
Cambridge, MN, USA
Phone
3202571937
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$181,657
Expenses
$135,846
Assets
$396,227
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MARY WILKINS JORDAN (EXECUTIVE DIRECTOR (OUTGOING))
  • MELISSA BRECHON (EXECUTIVE DIRECTOR (INCOMING))
  • JAYNE DIETZ (PRESIDENT)

People named in this filing

  • MARY WILKINS JORDAN (EXECUTIVE DIRECTOR (OUTGOING))
  • MELISSA BRECHON (EXECUTIVE DIRECTOR (INCOMING))
  • JAYNE DIETZ (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide support services for librarians in over 300 central mn libraries.

What it reported doing in 2022

Central mn library exchange (cmle) services 12 local counties. Cmle assists in the sharing of library resources and delivery of said materials, long range planning for cooperative programming like, but not limited to, the development of cooperative databases and in the communication of its partners via print and electronic means.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 100
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58%; rating input score 58
  • Program expense ratio: 76.3%; rating input score 76

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 25.2%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.92; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 59.6%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 0.8% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 58% of revenue deployed · 76.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $104K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.