Westbrook, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FURNITURE FRIENDS, founded in 1997, is a small nonprofit in the Human Services sector that reported $400K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 15% operating margin.
Furniture Friends is a nonprofit, 501(c)(3) organization that provides donated furniture to people in need throughout Greater Portland. With ongoing support from the community, we are able to fulfill our mission of "Creating Homes. Rebuilding Lives."
Furniture Friends provides donated furniture to people in need throughout Greater Portland. Although demand for furniture outpaces our capacity, we have managed to maintain and refine our operations...
Furniture Friends provides donated furniture to people in need throughout Greater Portland. Although demand for furniture outpaces our capacity, we have managed to maintain and refine our operations through the years with a small staff that effectively utilizes volunteer and furniture resources available in the wider community. In 2023, our small staff provided necessary household furniture to 825 low-income individuals and families.
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 | $400,458 | $353,226 | +0.1% |
| Expenses | $338,439 | $289,136 | +0.2% |
| Net Income | $62,019 | $64,090 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| Jenn McAdoo | Executive Director | 40 |
Highest
|
$72,438 | $0 | $72,438 |
| Jennifer Goldman | President | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Nick Laverriere | Vice President | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Taylor Taliaferro | Secretary | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Betsy Smith | Treasurer | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Emily Gaewsky | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Linda Young | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Leah Koch | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Susan Murr | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Sarah Hipple | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Katie Howard | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Andrew LeFevre | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Holly MacEwan | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| 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 | $400,458 | $338,439 | $334,328 | $62,019 |
| 2022 | $353,226 | $289,136 | $269,731 | $64,090 |
| 2021 | $373,911 | $239,396 | $205,219 | $134,515 |
| 2020 | $254,049 | $209,027 | $99,929 | $45,022 |
Compare FURNITURE FRIENDS with other nonprofits in Maine and across the country.