THE FURNITURE BANK (EIN 470907461) - 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

2003

Legal Domicile

Principal Officer

OLI MOHAMMED

Phone

7138429771

Tax Period

2023-01-01 to 2023-12-31

THE FURNITURE BANK, founded in 2003, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECTS AND DISTRIBUTES FURNITURE AND HOME FURNISHINGS TO THOSE IN NEED.

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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 $3,098,982

Program Service Revenue $1,691,588

Investment Income $3,402

Other Revenue $12,296

TOTAL REVENUE $4,806,268

Expense Breakdown

Grants Paid $716,727

Salaries & Benefits $1,163,279

Fundraising Expenses $0

Program Expenses $5,085,870

Other Expenses $3,222,424

TOTAL EXPENSES $5,102,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,806,268	$6,054,139	-0.2%
Expenses	$5,102,430	$6,418,720	-0.2%
Net Income	$-296,162	$-364,581	-0.2%

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

139

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLI MOHAMMED	EXECUTIVE DI	40.00	Officer	$70,000	$0	$70,000
HAL LYNDE	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
LARRY CRESS	CHAIRMAN	N/A	Officer Director	$0	$0	$0
KARI SMITH	DIRECTOR	N/A	Director	$0	$0	$0
FRANK MONACELLI	DIRECTOR	N/A	Director	$0	$0	$0
ANNIE LIDGE	DIRECTOR	N/A	Director	$0	$0	$0
MILES MARKS	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK DUFFY	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN SCHNEE	DIRECTOR	N/A	Director	$0	$0	$0
JEANNE MAYO	DIRECTOR	N/A	Director	$0	$0	$0
TOM HARWELL	DIRECTOR	N/A	Director	$0	$0	$0
GARY MATOCHA	DIRECTOR	N/A	Director	$0	$0	$0
MINERVA PEREZ	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$4,806,268	$5,102,430	$4,000,319	$-296,162
2022	$6,054,139	$6,418,720	$4,133,432	$-364,581
2021	$6,546,446	$6,787,757	$4,044,380	$-241,311
2020	$5,404,358	$5,429,394	$4,638,111	$-25,036
2019	$4,949,497	$4,930,614	$4,974,237	$18,883
2018	$5,136,148	$4,535,908	$6,321,726	$600,240

THE FURNITURE BANK