THE FRIENDS OF THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY (EIN 936033847) - 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

1965

Legal Domicile

Principal Officer

KATHERINE INMAN

Phone

5417589162

Tax Period

2023-01-01 to 2023-12-31

THE FRIENDS OF THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY, founded in 1965, is a small nonprofit that reported $179K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $68K, a strong 38% operating margin.

Mission

ENRICHING THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY

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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 (2023)

Revenue Breakdown

Contributions & Grants $171,240

Program Service Revenue $0

Investment Income $10,894

Other Revenue $-3,312

TOTAL REVENUE $178,822

Expense Breakdown

Grants Paid $85,417

Salaries & Benefits $0

Fundraising Expenses $1,430

Program Expenses $102,976

Other Expenses $25,618

TOTAL EXPENSES $111,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,822	$155,459	+0.2%
Expenses	$111,035	$96,274	+0.2%
Net Income	$67,787	$59,185	+0.1%

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

300

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
KATHERINE INMAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
LYNN GRUBE	SECRETARY	1.00	Officer Director	$0	$0	$0
LLOYD SWANSON	TREASURER	2.00	Officer Director	$0	$0	$0
PHYLIS ELLENDMAN	PAST TREASUR	1.00	Officer Director	$0	$0	$0
DOLLY CHAO	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE GEORGIOU	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA GOLDENBURG	DIRECTOR	2.00	Director	$0	$0	$0
CORRINE GOBELI	DIRECTOR	1.00	Director	$0	$0	$0
SOREN ROUNDS	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
SALLY SHAW	DIRECTOR	4.00	Director	$0	$0	$0
JUDY LADD	DIRECTOR	10.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$178,822	$111,035	$376,270	$67,787
2022	$155,459	$96,274	$308,483	$59,185
2019	$104,930	$110,023	$221,500	$-5,093
2018	$122,919	$116,892	$226,698	$6,027

THE FRIENDS OF THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY