Student Book Exchange -
Nonprofit profile at a glance
- EIN
- 382835332
- IRS 990-EZ coverage
- 2009–2009
- Forms available
- Form 990-EZ 2009
- Location
- Ann Arbor, MI, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Limited
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $79,650
- Expenses
- $85,794
- Assets
- $8,908
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
7 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide an alternative means for college students to acquire textbooks for their classes.
What it reported doing in 2009
At the beginning of each term the organization holds volunteer based, non-profit book exchanges. Students bring their textbooks to the organiazation, set their own prices, and the organization provides a location for selling the books. These sales last approximately three days. If a book doesn't sell, it is returned to the student. If it is sold, the student is given a check for the price he set minus 10% for the organization's costs.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 20
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -7.7%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $86K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.