FRIENDS OF THE LAKE OSWEGO PUBLIC LIBRARY (EIN 510175514) - 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

1953

Legal Domicile

Principal Officer

PHIL WIKELUND

Phone

5037992318

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF THE LAKE OSWEGO PUBLIC LIBRARY, founded in 1953, is a small nonprofit that reported $156K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $521K represent 40 months of operating reserves.

Mission

TO SUPPORT THE MISSION OF THE LAKE OSWEGO PUBLIC LIBRARY, PROVIDE SUPPORT TO INITIATE PROGRAMS WITH LONG TERM IMPACT, TO SUPPORT PROJECTS FOR COMMUNITY USE, AND TO SERVE AS GOODWILL AMBASSADOR FOR 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 (2022)

Revenue Breakdown

Contributions & Grants $19,554

Program Service Revenue $0

Investment Income $10,469

Other Revenue $126,374

TOTAL REVENUE $156,397

Expense Breakdown

Grants Paid $56,490

Salaries & Benefits $44,080

Fundraising Expenses $2,703

Program Expenses $159,256

Other Expenses $64,632

TOTAL EXPENSES $165,202

Year-over-Year Comparison

	2022	2021	Change
Revenue	$156,397	$129,664	+0.2%
Expenses	$165,202	$131,619	+0.3%
Net Income	$-8,805	$-1,955	+3.5%

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

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
PHIL WIKELUND	President	3.00	Officer Director	$0	$0	$0
DONNA NEEDHAM	Director	1.00	Director	$0	$0	$0
JERRI BREENE	Treasurer	3.00	Officer Director	$0	$0	$0
ANDREW EDWARDS	Vice President	3.00	Officer Director	$0	$0	$0
JANET ARGOTA	Director	1.00	Director	$0	$0	$0
DIANA BOWER	Director	1.00	Director	$0	$0	$0
DAVID BOWER	Director	1.00	Director	$0	$0	$0
PARKER HONEYMAN	Secretary	3.00	Officer Director	$0	$0	$0
KRISTIN ENGSTROM	Director	1.00	Director	$0	$0	$0
JANET BUCK	Director	1.00	Director	$0	$0	$0
MICHELLE-SHARI KRUSS	Director	1.00	Director	$0	$0	$0
ERIC WEBERG	Director	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$156,397	$165,202	$521,751	$-8,805
2022	$129,664	$131,619	$529,775	$-1,955
2021	$55,391	$106,217	$548,611	$-50,826
2020	$89,937	$94,131	$592,942	$-4,194

FRIENDS OF THE LAKE OSWEGO PUBLIC LIBRARY