WILLIAM A HARRISON JR FOUNDATION (EIN 661010972) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Principal Officer

WILLIAM HARRISON JR

Phone

8049291329

Tax Period

2023-08-01 to 2024-07-31

WILLIAM A HARRISON JR FOUNDATION, founded in 2021, is a small nonprofit in the Animal-Related sector that reported $503K in total revenue in fiscal year 2022. The organization ran a surplus of $240K, a strong 48% operating margin.

Mission

THE MISSION OF FURBISH THRIFT IS TO SUPPORT AND AMPLIFY LOCAL NONPROFIT ANIMAL WELFARE ORGANIZATIONS IN ANY WAY WE CAN. THE PURPOSE OF THE RETAIL STORE IS TO CREATE A SUSTAINABLE REVENUE STREAM THROUGH SALES OF DONATED GOODS TO RELIABLY ASSIST THESE ORGANIZATIONS AND THOSE THEY SERVE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $713,624

Program Service Revenue $0

Investment Income $2,248

Other Revenue $27,707

TOTAL REVENUE $743,579

Expense Breakdown

Grants Paid $75,698

Salaries & Benefits $378,475

Fundraising Expenses $300

Program Expenses $663,963

Other Expenses $235,937

TOTAL EXPENSES $690,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$743,579	$503,080	+0.5%
Expenses	$690,110	$262,603	+1.6%
Net Income	$53,469	$240,477	-0.8%

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

N/A

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
ANGELA BRUCE	DIRECTOR	3.00	Director	$0	$0	$0
MARK BURKETT	DIRECTOR	10.00	Director	$0	$0	$0
LAURA COTTERMAN	BOARD CHAIR	25.00	Officer Director	$0	$0	$0
LISA CUMBEY	DIRECTOR	15.00	Director	$0	$0	$0
DOUGLAS D'URSO	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL DOHERTY	DIRECTOR	15.00	Director	$0	$0	$0
WILLIAM HARRISON JR	CEO	20.00	Officer Director	$0	$0	$0
JEROME LEGIONS	TRESURER	1.00	Officer Director	$0	$0	$0
LAURA MATHIES	DIRECTOR	10.00	Director	$0	$0	$0
LAURA POSEY	VICE CHAIR	10.00	Director	$0	$0	$0
EMILY SANDERS	SECRETARY	5.00	Officer 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	$743,579	$690,110	$315,012	$53,469
2023	$503,080	$262,603	$244,930	$240,477

WILLIAM A HARRISON JR FOUNDATION