THE FURNITURE TRUST ORGANIZATION INC

EIN: 262607677 501(c)(3) Environment

ARLINGTON, MA

Total Revenue
$8,240,282
Total Expenses
$7,724,742
Total Assets
$1,408,159
Net Assets
$999,997
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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
2008
Legal Domicile
MA
Principal Officer
STEPHEN FOX
Phone
8448438787
Tax Period
2023-01-01 to 2023-12-31

THE FURNITURE TRUST ORGANIZATION INC, founded in 2008, is a community nonprofit in the Environment sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $7.7M left a modest 6% surplus.

Mission

ENVIRONMENTALLY FRIENDLY OFFICE FURNITURE DISPOSITION - EDUCATE CORPORATIONS AND INSTITUTIONS ABOUT THE BENEFITS OF RECYCLING UNWANTED OFFICE FURNITURE, RATHER THAN THROWING IT IN A LANDFILL. THE TRUST RECYCLES USED OFFICE FURNITURE (GIFTS IN-KIND) BY DONATING SOME TO APPROXIMATELY 30 OTHER NONPROFIT ORGANIZATIONS, BY SELLING SOME, ALLOWING OTHER CORPORATIONS TO RE-USE THE UNWANTED OFFICE FURNITURE AND RECYCLING ANY REMAINING UNWANTED OFFICE FURNITURE FOR SCRAP VALUE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,712,555
Program Service Revenue $2,522,685
Investment Income $785
Other Revenue $4,257
TOTAL REVENUE $8,240,282

Expense Breakdown

Grants Paid $5,444,805
Salaries & Benefits $332,051
Fundraising Expenses $21,556
Program Expenses $7,527,489
Other Expenses $1,947,886
TOTAL EXPENSES $7,724,742

Year-over-Year Comparison

2023 2022 Change
Revenue $8,240,282 $5,812,519 +0.4%
Expenses $7,724,742 $5,758,876 +0.3%
Net Income $515,540 $53,643 +8.6%
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

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Governance

Voting Members
4
Independent Members
3
Employees
6
Volunteers
N/A

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
5
$154,986
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE FOX PRESIDENT 5.00
Officer Director
$0 $0 $0
JOHN HITT TREASURER 3.00
Officer Director
$0 $0 $0
JOHN RILEY CLERK 1.00
Officer Director
$0 $0 $0
CHRISTINE MOSHOLDER DIRECTOR 5.00
Director
$0 $0 $0
BRENDA BOISSONNAULT DIRECTOR (THROUGH JULY 2023) 1.00
Director
$0 $0 $0
DANA DEVEAU EXECUTIVE DIRECTOR 40.00
Officer
$110,586 $0 $110,586
MARIBETH GERAGHTY FINANCE MANAGER 32.00
Officer
$44,400 $0 $44,400
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 $8,240,282 $7,724,742 $1,408,159 $515,540
2022 $5,812,519 $5,758,876 $838,783 $53,643
2021 $7,076,929 $6,896,397 $739,128 $180,532
2020 $3,265,824 $3,250,298 $452,154 $15,526
2020 $3,265,824 $3,272,640 $429,812 $-6,816
2019 $9,726,815 $9,497,160 $612,273 $229,655
2018 $3,055,022 $3,086,356 $300,017 $-31,334
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