FRIENDS OF THE MULTNOMAH COUNTY LI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

WHITNEY JACOBSON

Phone

5032249176

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE MULTNOMAH COUNTY LIBRARY, founded in 1982, is a small nonprofit in the Education sector that reported $603K in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $403K, a strong 67% operating margin.

Mission

THE FRIENDS OF THE MULTNOMAH COUNTY LIBRARY (FOL) ADVOCATES FOR AND SUPPORTS OUR OUTSTANDING PUBLIC LIBRARY. THE FOL PROVIDES SUPPLEMENTAL FUNDING FOR LIBRARY PROGRAMS AND SERVICES, AND SPONSORS ACTIVITIES WHICH ENGAGE PEOPLE WHO VALUE OUR LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $53,951

BOOK SALES FRIENDS OF THE MULTNOMAH COUNTY LIBRARY OPERATES TWO POPULAR BOOKSTORES, THE FRIENDS LIBRARY STORE AND ROSE CITY READS. DURING THIS FILING PERIOD, THE ORGANIZATION ALSO HOSTED AN OFFSITE FALL BOOK SALE AT A MAJOR HOTEL. BOOKS, MEDIA (DVDS, CDS, ETC) AND GIFT ITEMS ARE OFFERED TO MEMBERS AND THE GENERAL PUBLIC AT THE TWO RETAIL STORES. THE BOOKS ARE DONATED (IN-KIND) TO THE ORGANIZATION FROM INDIVIDUALS AND FAMILIES WITH THE COMMUNITY WHO TEND TO BE LIBRARY ENTHUSIASTS. THE SUPPORTED LIBRARY ALSO DONATES RETIRED ITEMS FROM ITS INVENTORY. PROCEEDS ARE FUNNELED BACK INTO THE MULTNOMAH COUNTY LIBRARY TO FUND VARIOUS PROGRAMS AND SERVICES. THE ORGANIZATION ALSO RECEIVES OTHER REVENUE FROM A PARTNERSHIP WITH THRIFTBOOKS, WHO ACCEPTS THE DISCARDED MATERIALS THAT AREN'T QUALITY-WORTH TO BE RESOLD IN THE STORES.

Program 2

Expenses: $18,898

SPECIALTY/ONLINE SALES: USING DONATED MATERIALS, FRIENDS OF THE MULTNOMAH COUNTY LIBRARY OFFERS ITS MOST VALUABLE BOOKS AND EPHEMERA THROUGH OUR ONLINE SALES PROGRAM WITH AMAZON AND ABEBOOKS. THERE IS ALSO A DESIGNATED SECTION IN OUR STORES WHERE THESE UNIQUE ITEMS ARE SOLD DIRECTLY TO THE PUBLIC.

Program 3

Expenses: $13,200

LIBRARY GRANTMAKING: FRIENDS OF THE MULTNOMAH COUNTY FUNDS ONGOING PROGRAMMING SUCH AS THE READ4LIFE ADULT SUMMER READING PROGRAM AND LIBRARY WORKERS APPRECIATION WEEK. FUNDING WAS ALSO EXTENDED FOR AN OUTREACH EFFORT THAT PROVIDED MOBILE PHONE POWER CHARGERS FOR PERSONS EXPERIENCING HOMELESSNESS. FUNDING IS PROVIDED AT THE REQUEST OF THE LIBRARY. THE BOARD OF DIRECTORS VOTES ON ALL LIBRARY GRANT REQUESTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $574,058

Program Service Revenue $0

Investment Income $29,313

Other Revenue $-241

TOTAL REVENUE $603,130

Expense Breakdown

Grants Paid $13,200

Salaries & Benefits $130,222

Fundraising Expenses $5,772

Program Expenses $86,049

Other Expenses $56,607

TOTAL EXPENSES $200,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,130	$307,665	+1.0%
Expenses	$200,029	$174,646	+0.1%
Net Income	$403,101	$133,019	+2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

240

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

$25,344

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WHITNEY JACOBSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CASEY GILLESPIE	VICE PRES/SE	1.00	Officer Director	$0	$0	$0
JORDAN COLE	TREASURER	2.50	Officer Director	$0	$0	$0
ALISON HALLETT	DIRECTOR	0.50	Director	$0	$0	$0
DANA SALLY	DIRECTOR	4.00	Director	$0	$0	$0
JOAN NELSON	DIRECTOR	0.50	Director	$0	$0	$0
KIM YEE	DIRECTOR	1.25	Director	$0	$0	$0
MICHAELENE WILCOX	DIRECTOR	0.50	Director	$0	$0	$0
LOURIE CLOSE	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE VASEN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HEALEY	DIRECTOR	0.75	Director	$0	$0	$0
TASHON LUEDERS	DIRECTOR	0.00	Director	$0	$0	$0
MADELINE ZAMOYSKI	DIRECTOR	1.25	Director	$0	$0	$0
DANICA PERSON	DIRECTOR	1.00	Director	$0	$0	$0
KIM GLATLEY	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE STARR	EXECUTIVE DI	15.00	Officer	$25,344	$0	$25,344

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	$603,130	$200,029	$1,307,393	$403,101
2023	$307,665	$174,646	$856,760	$133,019
2022	$173,869	$209,802	$703,028	$-35,933
2021	$196,355	$133,200	$850,195	$63,155

FRIENDS OF THE MULTNOMAH COUNTY LIBRARY