OUTING VOLUNTEER LIBRARY

EIN: 943434664 501(c)(3) Education

Outing, MN

Total Revenue
$9,274
Total Expenses
$8,495
Total Assets
$3,435
Net Assets
$3,435
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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
2008
Legal Domicile
MN
Principal Officer
Carol Pierce
Phone
2187925167
Tax Period
2021-01-01 to 2021-12-31

OUTING VOLUNTEER LIBRARY, founded in 2008, is a micro nonprofit in the Education sector that reported $9K in total revenue in fiscal year 2021. Expenses of $8K left a modest 8% surplus.

Mission

Provide library services to the Outing area including Southern Cass County and Northern Crow Wing County. Inventory includes 16,800 books, DVDs, games, CDs etc.

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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 (2021)

Revenue Breakdown

Contributions & Grants $9,274
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,650
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,845
TOTAL EXPENSES $8,495

Year-over-Year Comparison

2021 2020 Change
Revenue $9,274 N/A N/A
Expenses $8,495 N/A N/A
Net Income $779 $0 N/A
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
6
Independent Members
6
Employees
N/A
Volunteers
23

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol Pierce Director 60
Highest
$2,400 $2,400 $4,800
Thomas Pierce Vice President, Co-Treasurer 20
Officer
$0 $0 $0
Lorie Wosmek Board of Directors 5
Officer
$0 $0 $0
Sue Wilder Board of Directors 5
Officer
$0 $0 $0
Nancy Toth Board of Directors 5
Officer
$0 $0 $0
Mary Roos Board of Directors 5
Officer
$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
2021 $9,274 $8,495 $3,435 $779
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