Friends of the Winthrop Pub Library

EIN: 821525939 501(c)(3) Education

Winthrop, WA

Total Revenue
$660,129
Total Expenses
$6,325,046
Total Assets
$289,638
Net Assets
$289,638
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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
2017
Legal Domicile
WA
Tax Period
2022-01-01 to 2022-12-31

Friends of the Winthrop Pub Library, founded in 2017, is a small nonprofit in the Education sector that reported $660K in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 858% operating deficit.

Mission

Friends of the Winthrop Public Library (FOWL) is creating, funding, and building a vibrant community hub that will be a place to gather, connect, and discover.

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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 (2022)

Revenue Breakdown

Contributions & Grants $653,079
Program Service Revenue $0
Investment Income $7,050
Other Revenue $0
TOTAL REVENUE $660,129

Expense Breakdown

Grants Paid $6,279,156
Salaries & Benefits $0
Fundraising Expenses $25,891
Program Expenses $6,279,156
Other Expenses $45,890
TOTAL EXPENSES $6,325,046

Year-over-Year Comparison

2022 2021 Change
Revenue $660,129 $1,891,019 -0.7%
Expenses $6,325,046 $64,514 +97.0%
Net Income $-5,664,917 $1,826,505 -4.1%
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
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wendy Sims Director 2.00
Director
$0 $0 $0
Duana Kolouskova Director 2.00
Director
$0 $0 $0
Jen Houston Director 2.00
Director
$0 $0 $0
Courtney Aber Director 4.00
Director
$0 $0 $0
Kate Richmon Director 4.00
Director
$0 $0 $0
Matt Hinckley Director 2.00
Director
$0 $0 $0
Char Alkire Director 10.00
Director
$0 $0 $0
Barth Merrill Treasurer 15.00
Director
$0 $0 $0
Jill Sheley Executive Director 20.00
Director
$0 $0 $0
Bruce Honsinger Director 4.00
Officer Director
$0 $0 $0
Craig Seasholes Chair 10.00
Officer Director
$0 $0 $0
Harris Clarke Director 4.00
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
2022 $660,129 $6,325,046 $289,638 $-5,664,917
2021 $1,891,019 $64,514 $5,954,555 $1,826,505
2020 $3,079,496 $63,945 $4,128,050 $3,015,551
2019 $1,107,191 $33,869 $1,112,499 $1,073,322
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