PIERCE COUNTY LIBRARY FOUNDATION

EIN: 510180293 501(c)(3)

TACOMA, WA

Total Revenue
$1,034,027
Total Expenses
$704,971
Total Assets
$1,973,175
Net Assets
$1,972,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
WA
Principal Officer
DEAN CARRELL
Phone
2535483541
Tax Period
2023-01-01 to 2023-12-31

PIERCE COUNTY LIBRARY FOUNDATION, founded in 1970, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $329K, a strong 32% operating margin.

Mission

PROVIDES FUNDS IN SUPPORT OF SERVICES AND PROGRAMS OF THE PIERCE COUNTY LIBRARY SYSTEM.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,031,884
Program Service Revenue $0
Investment Income $29,609
Other Revenue $-27,466
TOTAL REVENUE $1,034,027

Expense Breakdown

Grants Paid $408,629
Salaries & Benefits $0
Fundraising Expenses $9,721
Program Expenses $634,980
Other Expenses $296,342
TOTAL EXPENSES $704,971

Year-over-Year Comparison

2023 2022 Change
Revenue $1,034,027 $1,599,554 -0.4%
Expenses $704,971 $813,193 -0.1%
Net Income $329,056 $786,361 -0.6%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
17

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDY COLEBANK PRESIDENT 0.50
Officer Director
$0 $0 $0
MARY MOSER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
THALIA SOLIMAN TREASURER 0.50
Officer Director
$0 $0 $0
ESMERALDA SWITZER SECRETARY 0.50
Officer Director
$0 $0 $0
ELIZABETH LUFKIN DIRECTOR 0.50
Director
$0 $0 $0
ELI TAYLOR DIRECTOR 0.50
Director
$0 $0 $0
TEENA WARD HYDE PAST PRESIDENT 0.50
Director
$0 $0 $0
JOSH RICKER DIRECTOR 0.50
Director
$0 $0 $0
JUN ZHU DIRECTOR 0.50
Director
$0 $0 $0
KATHY WHEPLEY DIRECTOR 0.50
Director
$0 $0 $0
TRAVIS MAHUGH DIRECTOR 0.50
Director
$0 $0 $0
WENDI GALL DIRECTOR 0.50
Director
$0 $0 $0
DEAN CARRELL FOUNDATION DIRECTOR 40.00
Officer
$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
2024 No data No data No data No data
2023 $1,034,027 $704,971 $1,973,175 $329,056
2022 $1,599,554 $813,193 $1,604,636 $786,361
2021 $608,237 $356,919 $689,898 $251,318
2020 $563,629 $403,301 $421,206 $160,328
2019 $410,655 $495,323 $245,413 $-84,668
2018 $615,711 $793,365 $316,153 $-177,654
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