PANORAMA LIBRARY ASSOCIATION

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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

2005

Legal Domicile

Principal Officer

BECKY ANDERSON

Phone

3604136018

Tax Period

2024-09-01 to 2025-08-31

PANORAMA LIBRARY ASSOCIATION, founded in 2005, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 50% operating margin.

Mission

TO ACQUIRE, MAINTAIN, DEVELOP AND PROVIDE A LIBRARY OF BOOKS, MAGAZINES, AND ALL MANNER OF REFERENCE MATERIAL AND RELATED FACILITIES FOR THE USE AND CONVENIENCE OF THE RESIDENTS OF PANORAMA (A NOT-FOR-PROFIT RETIREMENT COMMUNITY) IN LACEY, WASHINGTON.

Program Service Accomplishments

Program 1

Expenses: $41,380

THE PANORAMA LIBRARY IS A MODERN, FULL SERVICE, FULLY AUTOMATED SELF-SERVE CHECK-OUT LENDING LIBRARY WITH COMFORTABLE SEATING FOR RELAXED READING EASE. A LARGE COLLECTION OF CURRENT BOOKS IN STANDARD AND LARGE PRINT, MOVIES IN DVD FORMAT, AUDIO CDS, REFERENCE MATERIALS, CURRENT MAGAZINES AND NEWSPAPERS ARE AVAILABLE. SIXTY TO EIGHTY NEW BOOKS ARE ADDED TO THE COLLECTION EVERY 4-6 WEEKS. A VARIETY OF PAPERBACK BOOKS ARE AVAILABLE WITHOUT CHECK-OUT BUT AN EXCHANGE IS REQUESTED. DURING THE PANDEMIC, THE LIBRARY VOLUNTEERS DELIVERED BOOKS TO THE PANORMA RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $60,622

Program Service Revenue $0

Investment Income $48,984

Other Revenue $0

TOTAL REVENUE $109,606

Expense Breakdown

Grants Paid $50

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,380

Other Expenses $55,266

TOTAL EXPENSES $55,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,606	$69,906	+0.6%
Expenses	$55,316	$54,869	+0.0%
Net Income	$54,290	$15,037	+2.6%

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

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
BECKY ANDERSON	PRESIDENT	7.00	Officer Director	$0	$0	$0
CAROL COTTON	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
JUDY MURPHY	SECRETARY	1.25	Officer Director	$0	$0	$0
PAT DUNSTON	TREASURER	8.00	Officer Director	$0	$0	$0
KATHY FORSYTHE	LIBRARIAN	7.50	Director	$0	$0	$0
ROXANNE NELSON	ASSISTANT LIBRARIAN	1.50	Director	$0	$0	$0
FRANCOISE BRAY	TRUSTEE	0.25	Director	$0	$0	$0
DEB CREVELING	TRUSTEE	0.25	Director	$0	$0	$0
LEE HOVER	TRUSTEE	0.25	Director	$0	$0	$0
ELIZABETH ROBERTS	TRUSTEE	0.25	Director	$0	$0	$0
FRANCES SNYDER	TRUSTEE	0.25	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	$109,606	$55,316	$954,448	$54,290
2024	$69,906	$54,869	$886,831	$15,037
2023	$161,432	$51,917	$794,022	$109,515
2022	$72,496	$47,202	$682,328	$25,294
2021	$75,196	$46,625	$760,668	$28,571
2020	$104,741	$47,515	$681,855	$57,226
2019	$149,190	$49,425	$601,426	$99,765