North Bend Public Library Fndn

EIN: 810641448 501(c)(3) Education

North Bend, OR

Total Revenue
$424,065
Total Expenses
$49,119
Total Assets
$553,046
Net Assets
$553,046
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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
OR
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

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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 $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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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