COMMUNITY FURNITURE BANK INC (EIN 202071201) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

CHRIS YARBORO

Phone

2059422727

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FURNITURE BANK INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $605K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO RECEIVE AND DISTRIBUTE FURNITURE AND HOME FURNISHINGS TO THOSE IN TRANSITIONAL HOUSING OR IN NEED OF HELP IN SETTING UP HOUSEKEEPING. UNIQUE TO THIS EFFORT IS THE ABILITY TO DELIVER AND DISTRIBUTE ITEMS, NOT JUST TO OFFER PICKUP OF DONATED ITEMS.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $595,034

Program Service Revenue $0

Investment Income $5,007

Other Revenue $0

TOTAL REVENUE $600,041

Expense Breakdown

Grants Paid $227,239

Salaries & Benefits $202,236

Fundraising Expenses $0

Program Expenses $572,483

Other Expenses $167,332

TOTAL EXPENSES $596,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$600,041	$630,921	0.0%
Expenses	$596,807	$650,143	-0.1%
Net Income	$3,234	$-19,222	-1.2%

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

$188,456

Total Directors

$188,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS YARBORO	EXECUTIVE DIRECTOR	60.00	Officer Director	$98,532	$0	$98,532
PHIL COLLINS	ASSOCIATE DIRECTOR	40.00	Officer Director	$89,924	$0	$89,924
MEGANN CAIN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE GRAHAM	DIRECTOR-CHAIRMAN	0.50	Director	$0	$0	$0
BARBARA STONE	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES DAWSON	DIRECTOR	0.50	Director	$0	$0	$0
PARRISH KNORR	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$600,041	$596,807	$626,612	$3,234
2022	$630,921	$650,143	$629,902	$-19,222
2021	$597,770	$523,312	$670,756	$74,458
2020	$632,021	$500,353	$647,866	$131,668
2019	$515,330	$563,409	$477,731	$-48,079
2018	$604,980	$591,368	$525,219	$13,612

COMMUNITY FURNITURE BANK INC