DALLAS FURNITURE BANK

EIN: 481279673 501(c)(3) Human Services

DALLAS, TX

Total Revenue
$2,148,783
Total Expenses
$2,195,824
Total Assets
$560,256
Net Assets
$343,136
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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
2002
Legal Domicile
TX
Principal Officer
SHERYL BOGEN
Phone
9724660600
Tax Period
2023-01-01 to 2023-12-31

DALLAS FURNITURE BANK, founded in 2002, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum.

Mission

THE DALLAS FURNITURE BANK, A MEMBER OF THE NATIONAL FURNITURE BANK ASSOCIATION, COLLECTS BASIC HOUSEHOLD FURNITURE THROUGH DONATIONS FROM BUSINESSES AND INDIVIDUALS AND DISTRIBUTES IT THROUGH SOCIAL SERVICE AGENCIES TO PEOPLE IN NEED. BY HELPING PROVIDE A FURNISHED, LIVABLE ENVIRONMENT THAT FAMILIES CAN COME HOME TO, DALLAS FURNITURE BANK CAN IMPACT AND IMPROVE THEIR QUALITY OF LIFE, SELF-ESTEEM AND CHANCE OF SUCCESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,502,149
Program Service Revenue $0
Investment Income $0
Other Revenue $646,634
TOTAL REVENUE $2,148,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $380,051
Fundraising Expenses $47,475
Program Expenses $2,045,277
Other Expenses $1,815,773
TOTAL EXPENSES $2,195,824

Year-over-Year Comparison

2023 2022 Change
Revenue $2,148,783 $963,494 +1.2%
Expenses $2,195,824 $881,366 +1.5%
Net Income $-47,041 $82,128 -1.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
13
Volunteers
325

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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CURTIS WILLIAMS - BOARD MEMBER AND FINANCIAL CHAIR THROUGH 7/26/24 0.50
Officer Director
$0 $0 $0
SHERYL FIELDS BOGEN CHAIR 0.50
Officer Director
$0 $0 $0
STEPHEN ELLIS INDIVIDUAL 0.50
Director
$0 $0 $0
TANGEE GIBSON INDIVIDUAL 0.50
Director
$0 $0 $0
JERRY SZOR INDIVIDUAL 0.50
Director
$0 $0 $0
FRED HERMAN INDIVIDUAL 0.50
Director
$0 $0 $0
PEGGY ZILBERMANN INDIVIDUAL 0.50
Director
$0 $0 $0
EDWARD MCFALLS INDIVIDUAL 0.50
Director
$0 $0 $0
ROBERT GOLD BOARD MEMBER THROUGH 8/16/24 0.50
Director
$0 $0 $0
CAROLYN FEDER BOARD MEMBER THROUGH 8/16/24 0.50
Director
$0 $0 $0
JOE RAY BOARD MEMBER THROUGH 6/12/24 0.50
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 $2,148,783 $2,195,824 $560,256 $-47,041
2022 $963,494 $881,366 $695,444 $82,128
2021 $693,579 $451,527 $456,214 $242,052
2020 $186,900 $268,275 $231,016 $-81,375
2019 $296,686 $481,746 $289,921 $-185,060
2018 $515,588 $386,887 $714,316 $128,701
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