FURNITURE ASSIST INC (EIN 571230561) - 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

2006

Legal Domicile

Principal Officer

DAWSON YEOMANS

Phone

9738686007

Tax Period

2024-01-01 to 2024-12-31

FURNITURE ASSIST INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $382K in total revenue in fiscal year 2024. Expenses of $364K left a modest 5% surplus.

Mission

FROM THOSE WHO HAVE, TO THOSE WHO 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 (2024)

Revenue Breakdown

Contributions & Grants $366,686

Program Service Revenue $11,904

Investment Income $3,275

Other Revenue $0

TOTAL REVENUE $381,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $346,245

Other Expenses $364,391

TOTAL EXPENSES $364,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,865	$364,150	+0.0%
Expenses	$364,391	$343,377	+0.1%
Net Income	$17,474	$20,773	-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

N/A

Volunteers

342

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
KEN KANDIGIAN	TREASURER	10.00	Officer Director	$0	$0	$0
DAWSON YEOMANS	PRESIDENT	40.00	Officer Director	$0	$0	$0
BEN BRYAN	TRUSTEE	5.00	Director	$0	$0	$0
RAY HOLTE	TRUSTEE	5.00	Director	$0	$0	$0
ABE GRZYWACZ	TRUSTEE	5.00	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	$381,865	$364,391	$276,107	$17,474
2023	$364,150	$343,377	$325,122	$20,773
2022	$282,635	$314,813	$372,648	$-32,178
2021	$316,336	$270,381	$210,032	$45,955
2020	$292,489	$299,672	$159,896	$-7,183
2019	$425,202	$390,412	$162,349	$34,790
2018	$383,939	$396,495	$124,216	$-12,556

FURNITURE ASSIST INC