North Bend Public Library Fndn

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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

2003

Legal Domicile

Principal Officer

Haley Lagasse

Tax Period

2023-07-01 to 2024-06-30

North Bend Public Library Fndn, founded in 2003, is a small nonprofit in the Education sector that reported $424K in total revenue in fiscal year 2023. Revenue surged 1676% from the prior year, signaling strong growth momentum. The organization ran a surplus of $375K, a strong 88% operating margin.

Mission

To benefit the North Bend Public Library

Program Service Accomplishments

Program 1

Expenses: $44,966

To encourage reading, learning, and research by adults and children through wide use of the North Bend Public Library and to generally benefit, support, and promote development of the North Bend...

To encourage reading, learning, and research by adults and children through wide use of the North Bend Public Library and to generally benefit, support, and promote development of the North Bend Public 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 (2023)

Revenue Breakdown

Contributions & Grants $422,408

Program Service Revenue $0

Investment Income $1,657

Other Revenue $0

TOTAL REVENUE $424,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,966

Other Expenses $49,119

TOTAL EXPENSES $49,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,065	$23,875	+16.8%
Expenses	$49,119	$9,060	+4.4%
Net Income	$374,946	$14,815	+24.3%

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
Trudy Holmen	Director	0.25	Director	$0	$0	$0
Levi Goodman	Director	0.25	Director	$0	$0	$0
Chris Ponte	Vice President	0.25	Officer Director	$0	$0	$0
Gary Sharp	President	0.50	Officer Director	$0	$0	$0
Haley Lagasse	Secretary	1.00	Officer Director	$0	$0	$0
Rudy Juul	Treasurer	0.50	Officer 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
2024	$424,065	$49,119	$553,046	$374,946