CANNON BEACH LIBRARY (EIN 930722363) - Form 990 Financial Analysis & Trantor Score

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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

1927

Legal Domicile

Principal Officer

Claire Landrum

Phone

2817441210

Tax Period

2024-05-01 to 2025-04-30

CANNON BEACH LIBRARY, founded in 1927, is a small nonprofit that reported $123K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $575K represent 56 months of operating reserves.

Mission

To be a resource for books and other reading material for community use to promote literacy and love of reading within the community and to sponsor activities that build fellowship in the community.

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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 $67,201

Program Service Revenue $26,103

Investment Income $13,914

Other Revenue $16,014

TOTAL REVENUE $123,232

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $52,386

Fundraising Expenses $4,602

Program Expenses $21,776

Other Expenses $65,340

TOTAL EXPENSES $120,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,232	$129,822	-0.1%
Expenses	$120,726	$113,063	+0.1%
Net Income	$2,506	$16,759	-0.9%

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

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
Linda Sugano	Board Member	009.90	Director	$0	$0	$0
Amy Jones	Board Member	007.60	Director	$0	$0	$0
Peggy Thom	Board Member	011.00	Director	$0	$0	$0
Caroline Godderz	Board Member	002.50	Director	$0	$0	$0
Roger Neugebauer	Board Member	005.20	Director	$0	$0	$0
Phyllis Bernt	Exofficio	008.80	Director	$0	$0	$0
Pam Crone	Board Member	005.90	Director	$0	$0	$0
Claire Landrum	President	027.80	Officer	$0	$0	$0
Mary Kerwin	Vice-President	007.40	Officer	$0	$0	$0
Tammy Stewart	Secretary	003.70	Officer	$0	$0	$0
Karen French	Treasurer	005.80	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
2025	$123,232	$120,726	$577,409	$2,506
2024	$129,822	$113,063	$568,473	$16,759
2023	$116,686	$85,718	$539,829	$30,968
2022	$101,801	$77,302	$510,501	$24,499

CANNON BEACH LIBRARY