North Bend Library Foundation

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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

2007

Legal Domicile

Principal Officer

Melissa Cody

Phone

4026528356

Tax Period

2019-01-01 to 2019-12-31

North Bend Library Foundation, founded in 2007, is a micro nonprofit that reported $9K in total revenue in fiscal year 2019. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2K, a strong 23% operating margin.

Mission

To maintain the North Bend Public Library.

Program Service Accomplishments

Program 1

Expenses: $5,452

The exempt purpose achievement for this nonprofit was to build a new, accessible library to replace the old library building which was more than 100 years old. All donations and grants now are for...

The exempt purpose achievement for this nonprofit was to build a new, accessible library to replace the old library building which was more than 100 years old. All donations and grants now are for the purpose of maintaining the library.

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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 (2019)

Revenue Breakdown

Contributions & Grants $7,253

Program Service Revenue $0

Investment Income $1,817

Other Revenue $0

TOTAL REVENUE $9,070

Expense Breakdown

Grants Paid $5,452

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,452

Other Expenses $1,488

TOTAL EXPENSES $6,940

Year-over-Year Comparison

	2019	2018	Change
Revenue	$9,070	$7,066	+0.3%
Expenses	$6,940	$4,954	+0.4%
Net Income	$2,130	$2,112	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melissa Cody	President	3.00	Officer Director	$0	$0	$0
Jennifer Karnatz	Vice President	3.00	Officer Director	$0	$0	$0
Cheryl Kavan	Secretary	3.00	Officer Director	$0	$0	$0
Jenni Peters	Trustee	1.00	Director	$0	$0	$0
Bob Hines	Trustee	1.00	Director	$0	$0	$0
Kim Byrd	Trustee	1.00	Director	$0	$0	$0
Bernard Larson	Trustee	1.00	Director	$0	$0	$0
Amanda Vyhlidal	Trustee	1.00	Director	$0	$0	$0
Dan Watts	Trustee	1.00	Director	$0	$0	$0

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
2019	$9,070	$6,940	$120,013	$2,130
2018	$7,066	$4,954	$106,164	$2,112