BIKE LIBRARY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

ANNETTE VERNON

Phone

3194556558

Tax Period

2023-01-01 to 2023-12-31

BIKE LIBRARY INC, founded in 2004, is a small nonprofit in the Public & Societal Benefit sector that reported $336K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 28% operating margin.

Mission

THE PURPOSE OF BIKE LIBRARY INC, IS TO EXPAND CYCLING TRANSPORTATION OPTIONS, REDUCE AUTOMOBILE CONGESTION, PROVIDE EDUCATION IN PROMOTION OF CYCLING, AND PROVIDE THE GENERAL HEALTH BENEFITS THAT ACCOMPANY CYCLING. BIKE LIBRARY INC IS DEDICATED TO INCREASING THE NUMBER OF PEOPLE RIDING BICYCLES FOR TRANSPORTATION.

Program Service Accomplishments

Program 1

Expenses: $200,478 Revenue: $210,213

COMMUNITY BIKE SUPPORT AND EDUCATION: OUR ORGANIZATION FOCUSES ON RECYCLING AND UP-CYCLING DONATED BIKES, ADVOCATING FOR BICYCLE INFRASTRUCTURE, AND EMPOWERING DIVERSE INDIVIDUALS THROUGH REPAIR...

COMMUNITY BIKE SUPPORT AND EDUCATION: OUR ORGANIZATION FOCUSES ON RECYCLING AND UP-CYCLING DONATED BIKES, ADVOCATING FOR BICYCLE INFRASTRUCTURE, AND EMPOWERING DIVERSE INDIVIDUALS THROUGH REPAIR, CARE, AND RIDING EDUCATION. WITH FIFTEEN PROGRAMS, OUR FLAGSHIP SIX-MONTH BICYCLE CHECKOUT LENDS REFURBISHED BIKES, OFFERING AN AFFORDABLE ENTRY IN BICYCLING . IN 2023, THE BIKE LIBRARY CHECKED OUT 167 BICYCLES, PROVIDING A PRIMARY MODE OF TRANSPORTATION FOR MANY.OUR AS-IS BICYCLE SALES ALLOW PATRONS TO PURCHASE LOW-COST BIKES AND PARTS. WE OFFER FREE PROGRAMS, REPAIR CLASSES, AND "RENT-A-BENCH" SERVICES GUIDED BY SKILLED MECHANICS. IN 2023, WE SOLD 626 AS-IS BICYCLES, AND THROUGH OTHER PROGRAMS SERVED A TOTAL OF 1000 PEOPLE WITH REFURBISHED BIKES. OUR YOUTH INITIATIVES PROVIDE FREE BIKES, SAFETY EDUCATION, AND PARTNERSHIPS FOR SCHOOL RIDES AND WEEK-LONG BICYCLE CAMPS. WE ENGAGE THE PUBLIC THROUGH COMMUNITY RIDES SO INDIVIDUALS GAIN CONFIDENCE IN CYCLING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $121,987

Program Service Revenue $59,205

Investment Income $85

Other Revenue $155,008

TOTAL REVENUE $336,285

Expense Breakdown

Grants Paid $348

Salaries & Benefits $141,243

Fundraising Expenses $6,608

Program Expenses $200,478

Other Expenses $101,817

TOTAL EXPENSES $243,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,285	$278,265	+0.2%
Expenses	$243,408	$226,651	+0.1%
Net Income	$92,877	$51,614	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$57,380

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERNON ANNETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
STIERLER KAREN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLAND III FRANK DELNO	SECRETARY	1.00	Officer Director	$0	$0	$0
SPRINGER ROBIN	TREASURER	1.00	Officer Director	$0	$0	$0
BAKER RYAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANCH TONY	DIRECTOR	1.00	Director	$0	$0	$0
GUERRA CLARITY	DIRECTOR	1.00	Director	$0	$0	$0
HAVERKAMP MIKE	DIRECTOR	1.00	Director	$0	$0	$0
KENNEDY WANDA	DIRECTOR	1.00	Director	$0	$0	$0
KLINGELHUTZ JOE	DIRECTOR	1.00	Director	$0	$0	$0
NGUYEN HIEN	DIRECTOR	1.00	Director	$0	$0	$0
SMITH ANGIE	DIRECTOR	1.00	Director	$0	$0	$0
WIEDEMEIER AUDREY	EXECUTIVE DIRECTOR	40.00	Officer	$52,000	$5,380	$57,380

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
2024	No data	No data	No data	No data
2023	$336,285	$243,408	$575,352	$92,877
2022	$278,265	$226,651	$500,416	$51,614
2021	$184,990	$163,711	$458,535	$21,279