PORTLAND, OR
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE LIBRARY FOUNDATION, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 29% operating deficit.
THE LIBRARY FOUNDATION STRENGTHENS OUR COMMUNITY AND CREATES A BRIGHTER FUTURE FOR CHILDREN BY SUPPORTING, EXPANDING AND ADVOCATING FOR MULTNOMAH COUNTY LIBRARY'S INNOVATIVE AND GROUNDBREAKING WORK. GIFTS, LARGE AND SMALL, MAKE THIS WORK POSSIBLE.
BUILDING PROJECTS - IN 2020, MULTNOMAH COUNTY LIBRARY LAUNCHED A SIX-YEAR BUILDING PLAN TO MEET THE 21ST CENTURY NEEDS OF OUR COMMUNITY BY BUILDING OR EXPANDING 8 LIBRARIES, INCREASING OUR SYSTEM'S...
BUILDING PROJECTS - IN 2020, MULTNOMAH COUNTY LIBRARY LAUNCHED A SIX-YEAR BUILDING PLAN TO MEET THE 21ST CENTURY NEEDS OF OUR COMMUNITY BY BUILDING OR EXPANDING 8 LIBRARIES, INCREASING OUR SYSTEM'S SPACE BY NEARLY 60%. THE LIBRARY FOUNDATION COMPLETED YEAR 2 OF A CAMPAIGN TO SUPPORT THE DESIGN AND BUILD-OUT OF CUTTING-EDGE LEARNING ENVIRONMENTS AND SPACES FOR CHILDREN AND TEENS IN EACH OF THESE LIBRARIES. SUPPORT THIS YEAR INCLUDED: INTERACTIVE EARLY LEARNING SPACES ($1,257,500); FLEXIBLE STEAM LABS FOR CHILDREN AND TEENS ($179,102); DEDICATED SPACES FOR TEENS TO STUDY, GATHER, AND CONNECT ($84,606); A SECURE OUTDOOR CHILDREN'S GARDEN ($50,000); AND SPECIAL PROJECT SUPPORT FOR THE NEW EAST COUNTY LIBRARY ($30,000).
EARLY LITERACY PROGRAMS THAT MOTIVATED FAMILIES TO READ TOGETHER REACHED 85,000 BABIES, YOUNG CHILDREN, AND PARENTS. ENGAGING BOOKS, PARENT EDUCATION, AND STORYTIMES ENABLED PARENTS TO BECOME THEIR...
EARLY LITERACY PROGRAMS THAT MOTIVATED FAMILIES TO READ TOGETHER REACHED 85,000 BABIES, YOUNG CHILDREN, AND PARENTS. ENGAGING BOOKS, PARENT EDUCATION, AND STORYTIMES ENABLED PARENTS TO BECOME THEIR CHILD'S FIRST, BEST, AND MOST PERMANENT TEACHER. EVERY CHILD A READER REACHED 30,000 YOUNG CHILDREN AND PARENTS, SENDING BOOKS HOME IN 20 LANGUAGES, EDUCATING PARENTS, AND MOTIVATING FAMILIES TO READ TOGETHER. STORYTIMES REACHED 44,000 CHILDREN AND PARENTS AT LIBRARY LOCATIONS, OUT IN THE COMMUNITY, AND AT HOME. THE WIC PARTNERSHIP REACHED 19,000 LOW-INCOME MOMS AND CHILDREN WITH LITERACY EDUCATION. DIA DE LOS NINOS ENGAGED 5,000 CHILDREN AND PARENTS WITH BILINGUAL LITERACY PROGRAMS. THE NEW PARENT PROGRAM SENT 5,600 NEWBORNS AND PARENTS HOME WITH LITERACY EDUCATION AND AN INTRODUCTION TO LIBRARY SERVICES.
SCHOOL-AGE LITERACY PROGRAMS REACHED K-12 STUDENTS IN 7 SCHOOL DISTRICTS WITH BOOKS AND PROGRAMS THAT CEMENT READING SKILLS AND ACADEMIC SUCCESS. SUMMER READING ENGAGED NEARLY 100,000 CHILDREN AND...
SCHOOL-AGE LITERACY PROGRAMS REACHED K-12 STUDENTS IN 7 SCHOOL DISTRICTS WITH BOOKS AND PROGRAMS THAT CEMENT READING SKILLS AND ACADEMIC SUCCESS. SUMMER READING ENGAGED NEARLY 100,000 CHILDREN AND TEENS WITH A FUN INTERACTIVE GAME. LIBRARY CONNECT CONNECTED 115,000 STUDENTS TO LIBRARY SERVICES, INCLUDING RESEARCH CONTENT, HOMEWORK HELP AND TUTORING SUPPORT. 19,500 CHILDREN'S BOOKS IN MORE THAN 20 LANGUAGES WENT HOME WITH TENS OF THOUSANDS OF CHILDREN THROUGH OUTREACH IN THE COMMUNITY, INCLUDING 300 SUMMER SITES SUCH AS PARKS, FREE LUNCH LOCATIONS, COMMUNITY EVENTS, AND HOUSING DEVELOPMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,966,805 | $4,774,861 | -0.4% |
| Expenses | $3,828,557 | $2,489,118 | +0.5% |
| Net Income | $-861,752 | $2,285,743 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRAD THIES | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| KORI ALLEN | VICE-CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL J KELLY JR | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER GALEN | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| WENDY GRUENBERG WRAY | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| LUKA ARNERICH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHIAU YEN CHIN-DENNIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTIN COLLINS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE JARVIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEAN JOSEPHSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SONJA MCKENZIE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MOLLY ONO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DILIP RATNAM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF SCHERER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID L VERNIER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SONYA WHITE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MERRIS SUMRALL | EXECUTIVE DIR. (THRU 3/2024) | 55.50 |
Officer
|
$146,302 | $46,715 | $193,017 |
| DAN LOVE CENTERWALL | EXECUTIVE DIR. (FROM 2/2024) | 40.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $2,966,805 | $3,828,557 | $27,687,284 | $-861,752 |
| 2023 | $4,774,861 | $2,489,118 | $26,409,312 | $2,285,743 |
| 2022 | $3,134,177 | $2,534,244 | $22,669,861 | $599,933 |
| 2021 | $4,510,589 | $2,397,782 | $25,042,267 | $2,112,807 |
| 2020 | $2,350,528 | $2,420,034 | $20,206,242 | $-69,506 |
| 2019 | $2,723,565 | $2,658,721 | $20,442,092 | $64,844 |
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