PHILADELPHIA FURNITURE WORKSHOP (EIN 472180450) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

DOUG OLEARY

Phone

2158495174

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA FURNITURE WORKSHOP, founded in 2014, is a small nonprofit in the Education sector that reported $175K in total revenue in fiscal year 2024. Expenses of $200K exceeded revenue, resulting in a 14% operating deficit.

Mission

FILER IS AN EDUCATIONAL INSTITUTION TEACHING WOODWORKING AND FURNITURE MAKING SKILLS TO ALL LEVELS OF STUDENTS WITHOUT REGARD TO AGE, RACE, GENDER, OR WEALTH

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,186

Program Service Revenue $120,112

Investment Income $0

Other Revenue $0

TOTAL REVENUE $175,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,620

Fundraising Expenses $4,120

Program Expenses $154,009

Other Expenses $68,054

TOTAL EXPENSES $199,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,298	$162,786	+0.1%
Expenses	$199,674	$173,170	+0.2%
Net Income	$-24,376	$-10,384	+1.3%

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

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

$79,190

Total Directors

$79,190

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN TURNER	CHAIRMAN	0.25	Director	$0	$0	$0
DOUG OLEARY	PRESIDENT	1.00	Director	$0	$0	$0
SANDRA WECKESSER	BOARD MEMBER	0.25	Director	$0	$0	$0
KEVIN DOUGHERTY	BOARD MEMBER	0.25	Director	$0	$0	$0
BRETT HART	BOARD MEMBER	0.25	Director	$0	$0	$0
KENNETH MCCHORD	BOARD MEMBER	0.25	Director	$0	$0	$0
CRAIG STEVENS	EXECUTIVE DIRECTOR	60.00	Officer Director	$72,095	$7,095	$79,190

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	$175,298	$199,674	$283,364	$-24,376
2023	$162,786	$173,170	$305,370	$-10,384
2022	$135,279	$178,378	$324,674	$-43,099
2021	$186,636	$142,332	$354,502	$44,304
2020	$130,253	$123,310	$327,097	$6,943

PHILADELPHIA FURNITURE WORKSHOP