CENTER FOR FURNITURE CRAFTSMANSHIP (EIN 010517984) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

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

1998

Legal Domicile

Principal Officer

MATT HOGGLE

Phone

2075945611

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR FURNITURE CRAFTSMANSHIP is a 501(c)(3) with EIN 010517984, based in ROCKPORT, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $3,414,326 in total revenue and $2,243,892 in total expenses, with net assets of $17,293,876.

Mission

TO PROVIDE THE BEST POSSIBLE EDUCATION FOR PEOPLE WHO WANT TO DESIGN AND BUILD FUNCTIONAL, BEAUTIFUL, EXPRESSIVE WORK OUT OF WOOD TO THE HIGHEST STANDARD OF CRAFTSMANSHIP.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $475,131

Program Service Revenue $1,171,846

Investment Income $1,775,495

Other Revenue $-8,146

TOTAL REVENUE $3,414,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,469,804

Fundraising Expenses $93,596

Program Expenses $1,889,990

Other Expenses $774,088

TOTAL EXPENSES $2,243,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,414,326	$1,944,643	+0.8%
Expenses	$2,243,892	$2,063,742	+0.1%
Net Income	$1,170,434	$-119,099	-10.8%

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

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

$162,765

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK TRESNOWSKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM MAGINNIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WAYNE LAWRENCE	TREASURER	2.00	Officer Director	$0	$0	$0
JOAN WELSH	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL FARLAND	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LIND	DIRECTOR	1.00	Director	$0	$0	$0
LARRY VAN METER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MIRABILE	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MORITZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE POPE	DIRECTOR	1.00	Director	$0	$0	$0
ASHER RODRIQUEZ-DUNN	DIRECTOR	1.00	Director	$0	$0	$0
MEG WESTON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HOGGLE	EXECUTIVE DIRECTOR	40.00	Officer	$152,037	$10,728	$162,765

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
2024	$3,414,326	$2,243,892	$17,746,002	$1,170,434
2023	$1,944,643	$2,063,742	$16,591,234	$-119,099
2022	$1,978,659	$1,672,795	$15,231,500	$305,864
2021	$3,564,927	$1,508,764	$18,059,466	$2,056,163
2020	$1,851,024	$1,196,875	$14,847,547	$654,149
2019	$2,818,851	$1,527,513	$13,717,754	$1,291,338
2018	$3,434,301	$1,538,205	$11,447,138	$1,896,096

CENTER FOR FURNITURE CRAFTSMANSHIP