FURNITURE FRIENDS (EIN 010513662) - 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

1997

Legal Domicile

Principal Officer

Jennifer Goldman

Phone

2072105797

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

Furniture Friends collects gently used furniture and distributes it for free to low- and no-income individuals and families throughout Greater Portland.

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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 $397,588

Program Service Revenue $0

Investment Income $1,788

Other Revenue $1,082

TOTAL REVENUE $400,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,801

Fundraising Expenses $37,317

Program Expenses $243,139

Other Expenses $100,638

TOTAL EXPENSES $338,439

Year-over-Year Comparison

	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%

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

Volunteers

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
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

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	$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

FURNITURE FRIENDS