Portland Public Library (EIN 016000802) - Form 990 Financial Analysis & Trantor Score

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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

1867

Legal Domicile

Principal Officer

Erica Johanson

Phone

2078711700

Tax Period

2024-07-01 to 2025-06-30

Portland Public Library, founded in 1867, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 15% surplus.

Mission

Portland Public Library is a welcoming cultural center that brings people together and connects them with trusted resources, ideas, experiences, and information. We build a stronger community by inspiring learning, creativity, and collaboration.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,904,831

Program Service Revenue $72,553

Investment Income $475,588

Other Revenue $0

TOTAL REVENUE $7,452,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,496,360

Fundraising Expenses $178,452

Program Expenses $5,487,613

Other Expenses $1,867,518

TOTAL EXPENSES $6,363,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,452,972	$5,833,722	+0.3%
Expenses	$6,363,878	$6,096,079	+0.0%
Net Income	$1,089,094	$-262,357	-5.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

117

Volunteers

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

$158,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erica Johanson	President	1.00	Officer Director	$0	$0	$0
Lauren Epstein	Vice President	1.00	Officer Director	$0	$0	$0
Mitchell Pierter	Treasurer	1.00	Officer Director	$0	$0	$0
Stefanie Manning	Secretary	1.00	Officer Director	$0	$0	$0
Linda Morton-Hebert	Trustee	1.00	Director	$0	$0	$0
Kyra Walker	Trustee	1.00	Director	$0	$0	$0
Nancy Osher Blumberg	Trustee	1.00	Director	$0	$0	$0
Kate Simmons	Trustee	1.00	Director	$0	$0	$0
David Brenerman	Trustee	1.00	Director	$0	$0	$0
Campbell Badger	Trustee	1.00	Director	$0	$0	$0
Matt Purington	Trustee	1.00	Director	$0	$0	$0
Nate Stevens	Trustee	1.00	Director	$0	$0	$0
Sharon Sudbay	Trustee	1.00	Director	$0	$0	$0
Joe Walsh	Trustee	1.00	Director	$0	$0	$0
Caitlin Wahrer	Trustee	1.00	Director	$0	$0	$0
Kate Sykes	Trustee	1.00	Director	$0	$0	$0
Lydia Allen	Trustee	1.00	Director	$0	$0	$0
Kari Rasheed	Trustee	1.00	Director	$0	$0	$0
Sarah Moore	Executive Director	40.00	Officer	$134,670	$24,118	$158,788

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
2025	$7,452,972	$6,363,878	$17,349,348	$1,089,094
2024	$5,833,722	$6,096,079	$15,785,621	$-262,357
2023	$5,956,660	$5,625,807	$15,145,105	$330,853
2022	$9,283,612	$5,297,929	$16,295,228	$3,985,683
2021	$4,936,647	$4,853,892	$13,402,592	$82,755
2020	$5,097,147	$5,318,813	$11,834,280	$-221,666
2019	$5,532,475	$5,389,873	$11,906,506	$142,602
2018	$5,222,483	$5,243,769	$11,552,706	$-21,286

Portland Public Library