VETERANS FURNITURE CENTER (EIN 270768021) - 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

2009

Legal Domicile

Principal Officer

William Conner

Phone

4256280026

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

Provides furniture and household goods to homeless Veterans transitioning to VA subsidized housing to start a new life and a successful return to society.

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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 (2023)

Revenue Breakdown

Contributions & Grants $44,286

Program Service Revenue $0

Investment Income $27,197

Other Revenue $99

TOTAL REVENUE $71,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $210,244

Other Expenses $210,244

TOTAL EXPENSES $210,244

Year-over-Year Comparison

	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%

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

N/A

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
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

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
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

VETERANS FURNITURE CENTER