Phoenix, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VETERANS FURNITURE CENTER, founded in 2009, is a micro nonprofit in the Human Services sector that reported $72K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $210K exceeded revenue, resulting in a 194% operating deficit.
Our mission is to assist formerly homeless veterans transitioning to permanent housing under the Veterans Administration's HUD-VASH program by providing them, free of charge, the new furniture and household goods they need to make their apartment a home and successfully transition back to society.
In 2023, the Veterans Furniture Center (VFC) purchased furniture and household goods to outfit the apartments of 206 formerly homeless Veterans as they transitioned from homelessness. The information...
In 2023, the Veterans Furniture Center (VFC) purchased furniture and household goods to outfit the apartments of 206 formerly homeless Veterans as they transitioned from homelessness. The information of eligible Veterans were supplied by the Veterans Administration. Deliveries were made predominantly on Friday's and Satruday's in 2023 with the help of 20 individuals, veterans, active duty military and civilian volunteers. The Veterans Furniture Center spent $168,585 on new furniture and household goods in 2023 to ensure these Veterans' apartments were liveable.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $71,582 | $85,427 | -0.2% |
| Expenses | $210,244 | $221,605 | -0.1% |
| Net Income | $-138,662 | $-136,178 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Lt Col Jay Mahajan | Director | 10 |
Director
|
$0 | $0 | $0 |
| Andrea Beckham | Director | 10 |
Director
|
$0 | $0 | $0 |
| Joel Stempil | Director | 10 |
Director
|
$0 | $0 | $0 |
| William H Conner | President/CEO | 15 |
Officer
|
$0 | $0 | $0 |
| William Garling | Vice - President | 15.00 |
Officer
|
$0 | $0 | $0 |
| Walter F Schumacher | Board Chairman | 15 |
Officer
|
$0 | $0 | $0 |
| Robert J Grant | Vice President/Treasurer | 15 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $71,582 | $210,244 | $321,048 | $-138,662 |
| 2022 | $85,427 | $221,605 | $459,710 | $-136,178 |
| 2021 | $561,675 | $127,745 | $588,884 | $433,930 |
| 2020 | $249,801 | $174,147 | $153,454 | $75,654 |
| 2019 | $246,268 | $220,779 | $68,876 | $25,489 |
Compare VETERANS FURNITURE CENTER with other nonprofits in Arizona and across the country.