MUSTARD SEED FURNITURE BANK OF FORT WAYNE INC

EIN: 352149283 501(c)(3) Human Services

FORT WAYNE, IN

Total Revenue
$496,220
Total Expenses
$668,380
Total Assets
$653,188
Net Assets
$647,864
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IN
Principal Officer
SARAH LANCE
Phone
2604715802
Tax Period
2024-01-01 to 2024-12-31

MUSTARD SEED FURNITURE BANK OF FORT WAYNE INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $496K in total revenue in fiscal year 2024. Expenses of $668K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE HOUSEHOLD FURNISHINGS TO FAMILIES AND INDIVIDUALS AS THEY REBUILD THEIR LIVES AFTER SUFFERING DISASTER, PERSONAL TRADGEDY OR OTHER MISFORTUNES

Program Service Accomplishments

Program 1
Expenses: $636,422 Revenue: $12,263

SINCE 2002, THE MUSTARD SEED FURNITURE BANK OF FORT WAYNE HAS BEEN PROVIDING HOUSEHOLD FURNITURE, LINENS, AND KITCHENWARE TO FAMILIES AND INDIVIDUALS AS THEY REBUILD THEIR LIVES AFTER SUFFERING...

Read more

SINCE 2002, THE MUSTARD SEED FURNITURE BANK OF FORT WAYNE HAS BEEN PROVIDING HOUSEHOLD FURNITURE, LINENS, AND KITCHENWARE TO FAMILIES AND INDIVIDUALS AS THEY REBUILD THEIR LIVES AFTER SUFFERING DISASTER, PERSONAL TRAGEDY OR OTHER MISFORTUNES. DONATED ITEMS THAT MEET THE MISSION AND HAVE LIFE TO SHARE ARE PROVIDED BY BUSINESSES, ORGANIZATIONS AND INDIVIDUALS. IN 2022, DONATIONS CAME FROM OVER 1,887 DONOR SOURCES. VOLUNTEERS AND STAFF PICK UP, SORT AND DISPLAY THE ITEMS IN OUR WAREHOUSE. CLIENTS ARE REFERRED IN TO THE AGENCY THROUGH A COLLABORATION WITH LOCAL NON-PROFIT ORGANIZATIONS, SOCIAL SERVICE AGENCIES, CHURCHES AND SCHOOLS. OUR AGENCY PROVIDED DIRECT SERVICES TO 362 HOUSEHOLDS IN OUR LOCAL SERVICE AREA, TOUCHING THE LIVES OF 490 ADULTS AND 546 CHILDREN. DEPENDING ON THE CLIENT'S REFERRAL AND OUR STOCK, THEY CAN RECEIVE LARGE ITEMS (SOFA, BED, LIVING ROOM CHAIRS, END/COFFEE TABLES, KITCHEN TABLE AND CHAIRS, DRESSER, ETC.) AS WELL AS BED AND KITCHEN LINENS AND KITCHENWARE. HOME DECOR ITEMS ALONG WITH COOK BOOKS AND CHILDREN'S BOOKS NOW REMAIN THE BACK AREA OF THE WAREHOUSE FOR CLIENTS TO CHOOSE WHEN LOADING UP THEIR VARIOUS ITEMS TO MAKE THEIR HOUSE A HOME. THE BEDS4KIDS PROGRAM ALLOWS CHILDREN, AGES 2-17, WHO NEED BEDS, TO OBTAIN EVERYTHING NEEDED FOR A NIGHT OF SLEEP IN THEIR OWN CLEAN AND COMFORTABLE BED THAT INCLUDES A NEW MATTRESS, PLATFORM BED FRAME, AND GENTLY-USED OR NEW BLANKET AND SHEETS. IN 2022, WE PROVIDED COMPLETED BED PACKAGES TO 546 CHILDREN. ALLOWING THE MISSION TO CONTINUE AS THE MUSTARD SEED "FURNISHES HELP TO REBUILD LIVES."

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $510,787
Program Service Revenue $12,263
Investment Income $2,582
Other Revenue $-29,412
TOTAL REVENUE $496,220

Expense Breakdown

Grants Paid $243,862
Salaries & Benefits $296,076
Fundraising Expenses $7,141
Program Expenses $636,422
Other Expenses $128,442
TOTAL EXPENSES $668,380

Year-over-Year Comparison

2024 2023 Change
Revenue $496,220 $483,673 +0.0%
Expenses $668,380 $504,943 +0.3%
Net Income $-172,160 $-21,270 +7.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
20
Volunteers
53

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
3
$81,131
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH LANCE EXECUTIVE DI 40.00
Officer
$81,131 $0 $81,131
DAVID BARKSDALE SECRETARY 1.00
Director
$0 $0 $0
BROOKS DILLER TREASURER 1.00
Officer Director
$0 $0 $0
JENNA FOREMAN DIRECTOR 0.50
Director
$0 $0 $0
FRANK GOMEZ DIRECTOR 0.50
Officer Director
$0 $0 $0
SCOT GOSKOWICZ DIRECTOR 0.50
Director
$0 $0 $0
JORDAN HUTTENLOCKER VICE CHAIR 1.00
Director
$0 $0 $0
BILL NAGY DIRECTOR 0.50
Director
$0 $0 $0
TYLER PLATT DIRECTOR 0.50
Director
$0 $0 $0
PARKER SCHEARER BOARD CHAIR 1.00
Director
$0 $0 $0
JAMI THOMAS DIRECTOR 1.00
Director
$0 $0 $0
DAVID WINGATE BOARD GOVERN 1.00
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 $496,220 $668,380 $653,188 $-172,160
2023 $483,673 $504,943 $811,979 $-21,270
2022 $555,078 $500,715 $822,835 $54,363
2022 $555,078 $500,715 $822,835 $54,363
2021 $575,156 $501,742 $776,927 $73,414
2020 $525,558 $539,289 $695,605 $-13,731
2019 $695,854 $635,780 $703,220 $60,074
2018 $604,100 $561,964 $636,906 $42,136
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MUSTARD SEED FURNITURE BANK OF FORT WAYNE INC with other nonprofits in Indiana and across the country.