Free Society Peoples Library

EIN: 934341002 501(c)(3) Education

Portland, OR

Total Revenue
$542,110
Total Expenses
$95,082
Total Assets
$509,682
Net Assets
$455,834
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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
2023
Legal Domicile
OR
Principal Officer
Garrett Felber
Phone
3602243288
Tax Period
2025-01-01 to 2025-12-31

Free Society Peoples Library, founded in 2023, is a small nonprofit in the Education sector that reported $542K in total revenue in fiscal year 2025. Revenue surged 5063% from the prior year, signaling strong growth momentum. The organization ran a surplus of $447K, a strong 82% operating margin.

Mission

The Free Society People's Library is a mobile lending library which provides reading materials and programming to communities in the greater Portland metropolitan area at no cost.

Program Service Accomplishments

Program 1
Expenses: $84,721

The Free Society People's Library launched its public services in 2025, lending books to hundreds of patrons in the Portland area.

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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 (2025)

Revenue Breakdown

Contributions & Grants $541,771
Program Service Revenue $0
Investment Income $0
Other Revenue $339
TOTAL REVENUE $542,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,702
Fundraising Expenses $2,542
Program Expenses $84,721
Other Expenses $50,380
TOTAL EXPENSES $95,082

Year-over-Year Comparison

2025 2024 Change
Revenue $542,110 $10,500 +50.6%
Expenses $95,082 $3,049 +30.2%
Net Income $447,028 $7,451 +59.0%
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
3
Independent Members
2
Employees
1
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
$40,500
Total Directors
3
$40,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Garrett Felber Executive Director & Treasurer 0.50
Officer Director
$40,500 $0 $40,500
Ursula Wolfe-Rocca President 0.50
Officer Director
$0 $0 $0
Sarah Ball Secretary 0.50
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
2025 $542,110 $95,082 $509,682 $447,028
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