FURNISHING HOPE INC (EIN 200049351) - 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

2003

Legal Domicile

Principal Officer

ELIZABETH L PHILLIPS

Phone

9496308240

Tax Period

2024-01-01 to 2024-12-31

FURNISHING HOPE INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDES FURNITURE AND SUPPLIES TO WOUNDED, ILL AND INJURED MILITARY AND PREVIOUSLY HOMELESS FAMILIES IN NEED OF A HELPING HAND. FURNISHING HOPE PROVIDES EVERYTHING TO PREPARE, COOK, SERVE AND EAT A MEAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,623,082

Program Service Revenue $0

Investment Income $0

Other Revenue $-182,449

TOTAL REVENUE $1,440,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,312

Fundraising Expenses $0

Program Expenses $1,626,373

Other Expenses $1,323,695

TOTAL EXPENSES $1,683,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,440,633	$702,915	+1.0%
Expenses	$1,683,007	$892,280	+0.9%
Net Income	$-242,374	$-189,365	+0.3%

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

$160,000

Total Directors

$160,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH L PHILLIPS	EXECUTIVE DIRECTOR	40.00	Officer Director	$160,000	$0	$160,000
CHARLES E BRADLEY	CFO	1.00	Officer Director	$0	$0	$0
RENEE PEPYS LOWE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA TUGGLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VIRTUE	DIRECTOR	10.00	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
2024	$1,440,633	$1,683,007	$2,999,442	$-242,374
2023	$702,915	$892,280	$3,332,626	$-189,365
2022	$870,334	$871,658	$3,342,714	$-1,324
2021	$3,702,476	$1,303,422	$3,342,181	$2,399,054
2020	$988,402	$763,790	$907,749	$224,612
2019	$1,254,971	$1,289,086	$683,137	$-34,115
2018	$1,737,272	$1,428,581	$717,252	$308,691

FURNISHING HOPE INC