Friends and Foundation of the Corvallis- Benton County Public Library (EIN 930933948) - 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

1986

Legal Domicile

Principal Officer

DOLLY CHAO

Phone

5417666928

Tax Period

2024-07-01 to 2025-06-30

Friends and Foundation of the Corvallis- Benton County Public Library, founded in 1986, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 211% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 90% operating margin.

Mission

OUR NAME HAS CHANGED TO THE FRIENDS AND FOUNDATION OF THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY AND OUR MISSION STATEMENT HAS ALSO CHANGED. IT IS:TO ENRICH THE LIVES OF THE PEOPLE IN BENTON COUNTY BY FOSTERING A VIBRANT, ACCESSIBLE AND INCLUSIVE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY SYSTEM THROUGH ADVOCACY, VOLUNTEERISM AND PHILANTHROPIC SUPPORT. WE ENVISION A THRIVING AND INCLUSIVE COMMUNITY WHERE THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY IS A CORNERSTONE OF LIFELONG LEARNING, INSPIRATION AND CONNECTION FOR 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 $910,268

Program Service Revenue $0

Investment Income $309,321

Other Revenue $2,069

TOTAL REVENUE $1,221,658

Expense Breakdown

Grants Paid $70,678

Salaries & Benefits $0

Fundraising Expenses $24,981

Program Expenses $70,723

Other Expenses $45,990

TOTAL EXPENSES $116,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,221,658	$392,220	+2.1%
Expenses	$116,668	$90,098	+0.3%
Net Income	$1,104,990	$302,122	+2.7%

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

121

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
DOLLY CHAO	President	6.21	Officer Director	$0	$0	$0
ROBERT HULSHOF-SCHMIDT	Vice President	2.45	Officer Director	$0	$0	$0
JACQUE SCHRECK	Secretary	1.92	Officer Director	$0	$0	$0
FELICIA UHDEN	Treasurer	12.96	Officer Director	$0	$0	$0
DAVID LOW	Dir / Past Pres	8.50	Officer Director	$0	$0	$0
CURTIS WRIGHT	Past V Pres	5.00	Officer Director	$0	$0	$0
PETER BARNHISEL	Director	0.25	Director	$0	$0	$0
JODELL BOYLE	Director	0.54	Director	$0	$0	$0
CYNTHIA FERGUSON	Director	1.00	Director	$0	$0	$0
DEBRA GOLDENBERG	Director	4.24	Director	$0	$0	$0
LIPI GUPTA	Director	1.00	Director	$0	$0	$0
KATHERINE INMAN	Director	1.66	Director	$0	$0	$0
LAURI LEHMAN	Director	0.45	Director	$0	$0	$0
ROSEMARY MAGEE	Director	0.65	Director	$0	$0	$0
MIKE MCINALLY	Director	0.06	Director	$0	$0	$0
DONNA RINALDI	Director	0.29	Director	$0	$0	$0
SOREN ROUNDS	Director	1.00	Director	$0	$0	$0
SALLY SHAW	Director	1.86	Director	$0	$0	$0
STEVE STEPHENSON	Director	1.00	Director	$0	$0	$0
LLOYD SWANSON	Director	0.34	Director	$0	$0	$0
FREDA VARS	Director	3.50	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	$1,221,658	$116,668	$4,723,505	$1,104,990
2024	$392,220	$90,098	$3,498,334	$302,122
2023	$853,255	$104,717	$2,889,683	$748,538
2022	$545,635	$620,839	$2,504,899	$-75,204
2021	$265,093	$47,218	$3,016,949	$217,875
2021	$265,093	$47,218	$3,016,949	$217,875

Friends and Foundation of the Corvallis- Benton County Public Library