Civic Intelligence

Traverse Des Sioux Library System

990 • Fiscal year 2018 • EIN 41-6173688

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

1400 Madison Ave Ste 622Mankato, MN 56001

(507) 625-6169

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.36x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.51x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-8.6%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,016,293

Down $618,338 (-23%) from 2017

Net Assets

Down

$1,295,645

Down $421,188 (-25%) from 2017

Liabilities

Down

$720,648

Down $197,150 (-21%) from 2017

Revenue

Down

$1,418,211

Down $133,767 (-8.6%) from 2017

Expenses

Up

$1,839,399

Up $294,543 (+19%) from 2017

Net Income

Down

-$421,188

Down $428,310 (-6014%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $2,462,312Liabilities 2014: $216,436Net Assets 2014: $2,245,8762014Assets 2016: $2,253,231Liabilities 2016: $283,726Net Assets 2016: $1,969,5052016Assets 2017: $2,634,631Liabilities 2017: $917,798Net Assets 2017: $1,716,8332017Assets 2018: $2,016,293Liabilities 2018: $720,648Net Assets 2018: $1,295,6452018Assets 2019: $1,987,078Liabilities 2019: $642,767Net Assets 2019: $1,344,3112019Assets 2020: $2,185,197Liabilities 2020: $653,510Net Assets 2020: $1,531,6872020Assets 2021: $2,660,505Liabilities 2021: $720,807Net Assets 2021: $1,939,6982021Assets 2022: $3,002,508Liabilities 2022: $1,011,057Net Assets 2022: $1,991,4512022Assets 2023: $3,271,167Liabilities 2023: $822,888Net Assets 2023: $2,448,2792023Assets 2024: $3,061,265Liabilities 2024: $1,034,453Net Assets 2024: $2,026,8122024

Highlighted filing

2018

Assets$2,016,293
Liabilities$720,648
Net Assets$1,295,645

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,595,397Expenses 2014: $1,690,138Net Income 2014: -$94,7412014Revenue 2016: $1,482,526Expenses 2016: $1,610,875Net Income 2016: -$128,3492016Revenue 2017: $1,551,978Expenses 2017: $1,544,856Net Income 2017: $7,1222017Revenue 2018: $1,418,211Expenses 2018: $1,839,399Net Income 2018: -$421,1882018Revenue 2019: $1,537,708Expenses 2019: $1,499,308Net Income 2019: $38,4002019Revenue 2020: $1,496,907Expenses 2020: $1,315,238Net Income 2020: $181,6692020Revenue 2021: $1,793,930Expenses 2021: $1,385,919Net Income 2021: $408,0112021Revenue 2022: $1,795,444Expenses 2022: $1,743,691Net Income 2022: $51,7532022Revenue 2023: $2,088,870Expenses 2023: $1,672,998Net Income 2023: $415,8722023Revenue 2024: $347,549Expenses 2024: $772,678Net Income 2024: -$425,1292024

Highlighted filing

2018

Revenue$1,418,211
Expenses$1,839,399
Net Income-$421,188
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,418,211
Mission and Program Overview

Mission

The traverse des sioux library cooperative strengthens, improves, and promotes collaboration by providing support services and coordinating shared access to resources, programs, and technologies for member libraries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$708,664$716,564▲ $7,900
Cash and Non-Interest-Bearing Accounts$975,923$697,044▼ $278,879
Other Notes and Loans Receivable, Net$688,044$389,149▼ $298,895
Land, Buildings, and Equipment, Net$32,407$25,957▼ $6,450
Prepaid Expenses and Deferred Charges$20,496$21,159▲ $663
Accounts Receivable$2,734--
Total Assets$2,634,631$2,016,293▼ $618,338
Other Assets Total$206,363$166,420▼ $39,943
Liabilities
Other Liabilities$690,073$650,325▼ $39,748
Accounts Payable and Accrued Expenses$227,725$70,323▼ $157,402
Total Liabilities$917,798$720,648▼ $197,150
Net Assets / Fund Balance
Unrestricted Net Assets$1,140,494$1,097,475▼ $43,019
Temporarily Rstr Net Assets$576,339$198,170▼ $378,169
Total Net Assets Fund Balance$1,716,833$1,295,645▼ $421,188
Total Liabilities and Net Assets / Fund Balance$2,634,631$2,016,293▼ $618,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,988$241,610$253,598
Equipment$13,969$117,729$131,698
Other Assets Org$166,420--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Les TlouganPresident
Carol FreidDirector
Diane RabeDirector
Jack KolarsDirector
Julie TrebelhornDirector
Lelsie PetersonDirector
Sue SonnekDirector
Tim HayesDirector
Amy LorenzSchool Repre
Holly PostelSecretary
Vance StuehrenbergTreasurer
Steve FlohrsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$939,233
Program Service Revenue
$471,170
Investment Income
$10,729
Other Revenue
$-2,921
Change in Net Assets
$-421,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,418,211
Total Revenue per Audited Statements
$1,418,211
Total Revenue per Form 990
$1,418,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,098,241
Salaries, Compensation, and Employee Benefits$741,158
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$714,811--$714,811
Other Salaries and Wages$470,593$52,288-$522,881
Other Employee Benefits$162,628$18,070-$180,698
Occupancy$64,137$7,127-$71,264
Payroll Taxes$33,821$3,758-$37,579
All Other Expenses$31,021$1,899-$32,920
Other Expenses$70$13,191-$13,261
Fees for Services Accounting$8,662$963-$9,625
Travel$8,941--$8,941
Depreciation Depletion$5,805$645-$6,450
Insurance$2,309$2,087-$4,396
Office Expenses$3,135$348-$3,483
Fees for Services Legal$2,255$251-$2,506
Advertising$2,100--$2,100
Conferences and Meetings$475$53-$528
Total Functional Expenses$1,738,719$100,680$0$1,839,399

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,839,399
Total Expenses per Audited Statements$1,839,399
Total Expenses per Form 990$1,839,399
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$432,712
Amounts Deferred for Pensions$217,613
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Traverse Des Sioux Library
EIN
41-6173688
Phone
5076256169
Address
1400 MADISON AVE STE 622, MANKATO, MN 56001

Signing Officer

Name
Les Tlougan
Title
President
Phone
5076256169
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Les Tlougan
Formed
2014
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
8
Employees
12

Preparer

Firm
Burkhardt & Burkhardt Ltd
Address
35 OAK AVE N BOX N, ANNANDALE, MN 55302-0139
Preparer
Jeffrey Burkhardt
Phone
3202741040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The traverse des sioux library cooperative strengthens, improves, and promotes collaboration by providing support services and coordinating shared access to resources, programs, and technologies for member libraries.

Form 990, Part IX, Line 11G

Courier costs 133,090 0 0 ill charges/replacements 1,706 0 0 ill supplies and equipment 1,242 0 0 oclc expense 24,140 0 0 miscellaneous 172 0 0 iii contract 328,892 0 0 telecom services 220,594 0 0 professional services 4,975 0 0 total 714,811 0 0

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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020496
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021159
IRS990/PrincipalOfficerNm0LES TLOUGAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL PROJECTS
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CONTRACT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0413469
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124610
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223308
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt39783
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0413469
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39783
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01117077
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06340
IRS990/PYOtherExpensesAmt0805496
IRS990/PYProgramServiceRevenueAmt0428561
IRS990/PYRevenuesLessExpensesAmt07122
IRS990/PYSalariesCompEmpBnftPaidAmt0739360
IRS990/PYTotalExpensesAmt01544856
IRS990/PYTotalRevenueAmt01551978
IRS990/ReconcilationRevenueExpnssAmt0-421188
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0471170
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0708664
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0716564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0939233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01117077
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01051353
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01066750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01208150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05382563
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010729
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0393
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt039140
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0906071
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-2921
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-2921
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99330
IRS990ScheduleA/PublicSupportPY170Pct00.78410
IRS990ScheduleA/PublicSupportTotal170Amt05382563
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0939233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01117077
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01051353
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01066750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01208150
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05382563
IRS990ScheduleA/TotalSupportAmt05418782
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt011988
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0241610
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0253598
IRS990ScheduleD/EquipmentGrp/BookValueAmt013969
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0117729
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0131698
IRS990ScheduleD/ExpensesSubtotalAmt01839399
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0166420
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0AMOUNTS DEFERRED FOR PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0432712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1217613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1AMOUNTS DEFERRED FOR PENSIONS
IRS990ScheduleD/RevenueSubtotalAmt01418211
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025957
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0166420
IRS990ScheduleD/TotalExpensesPerForm990Amt01839399
IRS990ScheduleD/TotalLiabilityAmt0650325
IRS990ScheduleD/TotalRevenuePerForm990Amt01418211
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01418211
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01839399
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRAVERSE DES SIOUX LIBRARY COOPERATIVE STRENGTHENS, IMPROVES, AND PROMOTES COLLABORATION BY PROVIDING SUPPORT SERVICES AND COORDINATING SHARED ACCESS TO RESOURCES, PROGRAMS, AND TECHNOLOGIES FOR MEMBER LIBRARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COURIER COSTS 133,090 0 0 ILL CHARGES/REPLACEMENTS 1,706 0 0 ILL SUPPLIES AND EQUIPMENT 1,242 0 0 OCLC EXPENSE 24,140 0 0 MISCELLANEOUS 172 0 0 III CONTRACT 328,892 0 0 TELECOM SERVICES 220,594 0 0 PROFESSIONAL SERVICES 4,975 0 0 TOTAL 714,811 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0576339
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0198170
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02634631
IRS990/TotalAssetsEOYAmt02016293
IRS990/TotalAssetsGrp/BOYAmt02634631
IRS990/TotalAssetsGrp/EOYAmt02016293
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0939233
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100680
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01738719
IRS990/TotalFunctionalExpensesGrp/TotalAmt01839399
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0917798
IRS990/TotalLiabilitiesEOYAmt0720648
IRS990/TotalLiabilitiesGrp/BOYAmt0917798
IRS990/TotalLiabilitiesGrp/EOYAmt0720648
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01716833
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01295645
IRS990/TotalProgramServiceExpensesAmt01738719
IRS990/TotalProgramServiceRevenueAmt0471170
IRS990/TotalRevenueGrp/ExclusionAmt07808
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0471170
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01418211
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02634631
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02016293
IRS990/TravelGrp/ProgramServicesAmt08941
IRS990/TravelGrp/TotalAmt08941
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01140494
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01097475
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01400 MADISON AVE
IRS990/USAddress/CityNm0MANKATO
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056001
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.TDSLIB.ORG
IRS990/WhistleblowerPolicyInd0true

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