FURNITURE PROJECT OMAHA

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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

2013

Legal Domicile

Principal Officer

Matt Hoppe

Phone

4022033058

Tax Period

2024-01-01 to 2024-12-31

FURNITURE PROJECT OMAHA, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

Provide assistance to those in-need within our community. We want to not only provide furniture but also inspire hope to show them that their neighbors care about them.

Program Service Accomplishments

Program 1

Expenses: $1,292,410 Revenue: $0

The Furniture Project provides families and individuals who are pursuing stable housing with quality furniture and household goods to stabilize and improve lives while effectively using community...

The Furniture Project provides families and individuals who are pursuing stable housing with quality furniture and household goods to stabilize and improve lives while effectively using community resources.

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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 $1,251,446

Program Service Revenue $0

Investment Income $182

Other Revenue $0

TOTAL REVENUE $1,251,628

Expense Breakdown

Grants Paid $489,722

Salaries & Benefits $609,045

Fundraising Expenses $38,815

Program Expenses $1,292,410

Other Expenses $299,190

TOTAL EXPENSES $1,405,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,251,628	$1,180,265	+0.1%
Expenses	$1,405,269	$765,326	+0.8%
Net Income	$-153,641	$414,939	-1.4%

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

446

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

$117,231

Total Directors

$57,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Hoppe	Executive Director	40	Officer	$114,231	$3,000	$117,231
Drew Gerken	President/Community Outreach/Founder	40	Director	$54,808	$3,000	$57,808
Jay Koehn	Vice President	1	Director	$0	$0	$0
Lacey Studnicka	Secretary	1	Director	$0	$0	$0
Jason McGill	Treasurer	2	Director	$0	$0	$0
Kaela Volkmer	Director	1	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	$1,251,628	$1,405,269	$607,991	$-153,641
2023	$1,180,265	$765,326	$761,632	$414,939
2022	$487,078	$203,216	$346,693	$283,862