BRIDGING AZ FURNITURE BANK (EIN 201207001) - 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

2004

Legal Domicile

Principal Officer

Jim Piscopo

Phone

4803755454

Tax Period

2024-01-01 to 2024-12-31

BRIDGING AZ FURNITURE BANK, founded in 2004, is a small nonprofit in the Human Services sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $389K exceeded revenue, resulting in a 22% operating deficit.

Mission

Mission Statement: Empowering People and Bridging Lives Toward Self Sufficiency. Bridging AZ is the first and only Furniture Bank in Arizona we provide basic furniture and household goods to economically disadvantaged veterans, individuals with disabilities living in our community. Vision Statement: A Community of Realized Potential and Personal Dignity.

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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 $151,416

Program Service Revenue $167,895

Investment Income $0

Other Revenue $0

TOTAL REVENUE $319,311

Expense Breakdown

Grants Paid $141,250

Salaries & Benefits $83,689

Fundraising Expenses $0

Program Expenses $388,325

Other Expenses $164,241

TOTAL EXPENSES $389,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,311	$260,225	+0.2%
Expenses	$389,180	$331,321	+0.2%
Net Income	$-69,869	$-71,096	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
Jim Piscopo	Executive Director	2	Officer Director	$0	$0	$0
Pat Dodds	Director	2	Director	$0	$0	$0
Kim Arries	Chair	2	Officer Director	$0	$0	$0
Jane Gharibian	Secretary	2	Officer Director	$0	$0	$0
Lindsay Estrabrook	Treasurer	2	Officer 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	$319,311	$389,180	$51,841	$-69,869
2023	$260,225	$331,321	$106,165	$-71,096
2022	$482,364	$473,103	$182,844	$9,261
2021	$401,620	$362,522	$293,199	$39,098
2020	$581,658	$543,773	$323,731	$37,885
2019	$479,784	$646,936	$214,670	$-167,152
2018	$396,969	$416,040	$290,440	$-19,071

BRIDGING AZ FURNITURE BANK