SUSTAINABLE FURNISHINGS EDUCATION FUND

EIN: 822437005 501(c)(3) Environment

HIGH POINT, NC

Total Revenue
$24,002
Total Expenses
$40,471
Total Assets
N/A
Net Assets
$-41,555
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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
2017
Legal Domicile
NC
Principal Officer
MICHELA ABRAMS
Phone
8646801770
Tax Period
2024-01-01 to 2024-12-31

SUSTAINABLE FURNISHINGS EDUCATION FUND, founded in 2017, is a micro nonprofit in the Environment sector that reported $24K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $40K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO RAISE AWARENESS OF THE IMPORTANCE OF ENVIRONMENTAL CONSERVATION AND THE SIGNIFICANCE OF CHOICES IN RESIDENTIAL FURNISHINGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $24,002
Investment Income $0
Other Revenue $0
TOTAL REVENUE $24,002

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,184
Fundraising Expenses $0
Program Expenses $39,409
Other Expenses $20,287
TOTAL EXPENSES $40,471

Year-over-Year Comparison

2024 2023 Change
Revenue $24,002 $18,597 +0.3%
Expenses $40,471 $67,087 -0.4%
Net Income $-16,469 $-48,490 -0.7%
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
4
Independent Members
4
Employees
1
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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELA ABRAMS CHAIR N/A
Officer Director
$0 $0 $0
CAITE JISA VICE CHAIR N/A
Officer Director
$0 $0 $0
PHANTILA PHATARAPRASIT SECRETARY N/A
Officer Director
$0 $0 $0
RICK DACRUZ TREASURER N/A
Officer Director
$0 $0 $0
SCARLETTE TAPP EXECUTIVE DI N/A
Officer
$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 $24,002 $40,471 No data $-16,469
2023 $18,597 $67,087 $1,700 $-48,490
2022 $18,067 $35,648 $24,649 $-17,581
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