FURNISHING HOPE OF MASSACHUSETTS INC (EIN 455538995) - 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

2012

Legal Domicile

Principal Officer

SUZANNE L PALITZ

Phone

8572297528

Tax Period

2023-01-01 to 2023-12-31

FURNISHING HOPE OF MASSACHUSETTS INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 17% operating margin.

Mission

COLLECTING AND WAREHOUSING HOUSEHOLD GOODS FOR DISTRIBUTION AND DELIVERY TO POOR, NEEDY OR DISTRESSED INDIVIDUALS AND FAMILIES IN NEED OF FINANCIAL ASSISTANCE, IN COOPERATION WITH AND/OR UPON REFERRAL BY CHARITABLE AND OTHER ORGANIZATIONS THAT SERVE SUCH DISADVANTAGED INDIVIDUALS OR GROUPS.

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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 $210,720

Program Service Revenue $10,094

Investment Income $6

Other Revenue $0

TOTAL REVENUE $220,820

Expense Breakdown

Grants Paid $62,938

Salaries & Benefits $47,114

Fundraising Expenses $3,468

Program Expenses $104,331

Other Expenses $73,909

TOTAL EXPENSES $183,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,820	$161,683	+0.4%
Expenses	$183,961	$203,730	-0.1%
Net Income	$36,859	$-42,047	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE L PALITZ	PRESIDENT, TREASURER, DIRE	30.00	Officer Director	$0	$0	$0
MARCIE BEHMAN	DIRECTOR	10.00	Director	$0	$0	$0
MARCIA HEAD	DIRECTOR	10.00	Director	$0	$0	$0
GAIL ROBERTS	DIRECTOR	10.00	Director	$0	$0	$0
ELIZABETH VERNON	DIRECTOR	10.00	Director	$0	$0	$0
ED FEIJO	DIRECTOR	10.00	Director	$0	$0	$0
DENISE JILLSON	DIRECTOR	10.00	Director	$0	$0	$0
SUSAN M HARRINGTON	CLERK	10.00	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
2024	No data	No data	No data	No data
2023	$220,820	$183,961	$63,785	$36,859
2022	$161,683	$203,730	$26,926	$-42,047
2021	$222,888	$206,353	$69,747	$16,535
2020	$174,937	$181,703	$60,147	$-6,766

FURNISHING HOPE OF MASSACHUSETTS INC