CENTRAL FURNITURE RESCUE

EIN: 842506457 501(c)(3) Human Services

CEDAR RAPIDS, IA

Total Revenue
$344,887
Total Expenses
$365,127
Total Assets
$190,275
Net Assets
$190,275
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IA
Principal Officer
JOSH PUTZ
Phone
3193822882
Tax Period
2023-01-01 to 2023-12-31

CENTRAL FURNITURE RESCUE, founded in 2019, is a small nonprofit in the Human Services sector that reported $345K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

CENTRAL FURNITURE RESCUE EXISTS FOR THE PURPOSE OF COLLECTING USED FURNITURE AND OTHER HOUSEHOLD ITEMS AND PROVIDING THEM TO INDIVIDUALS AND FAMILIES TRANSITIONING FROM HOMELESS SHELTERS INTO THEIR OWN HOMES.

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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 $333,624
Program Service Revenue $0
Investment Income $949
Other Revenue $10,314
TOTAL REVENUE $344,887

Expense Breakdown

Grants Paid $237,003
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $365,127
Other Expenses $128,124
TOTAL EXPENSES $365,127

Year-over-Year Comparison

2023 2022 Change
Revenue $344,887 $382,939 -0.1%
Expenses $365,127 $338,704 +0.1%
Net Income $-20,240 $44,235 -1.5%
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
N/A
Volunteers
529

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH PUTZ President 8.00
Officer Director
$0 $0 $0
ALLISON SNYDER Director 8.00
Director
$0 $0 $0
STACIE WALLINGFORD TREASURER/DIR 8.00
Officer Director
$0 $0 $0
JESSICA BAXTER Director 8.00
Director
$0 $0 $0
JILL HARTKE Director 8.00
Director
$0 $0 $0
TYLER KUEHL Director 8.00
Director
$0 $0 $0
SUSAN JOHNSTON Executive Dir. 30.00
Director
$0 $0 $0
LINDSAY HANDY Director 8.00
Director
$0 $0 $0
ROSS ANDREWS Secretary/Dir 8.00
Officer Director
$0 $0 $0
EMILY FETT Director 8.00
Director
$0 $0 $0
ASHLEE TOAL Vice President 8.00
Officer Director
$0 $0 $0
MARCUS EARNEST Director 8.00
Director
$0 $0 $0
BRIANA SMALLWOOD Vice President 8.00
Director
$0 $0 $0
ALICIA FAUST Secretary 8.00
Director
$0 $0 $0
NORA HEATON Director 8.00
Director
$0 $0 $0
SYLVIE BRIZARD Director 8.00
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 No data No data No data No data
2023 $344,887 $365,127 $190,275 $-20,240
2022 $382,939 $338,704 $210,515 $44,235
2021 $314,902 $221,100 $166,280 $93,802
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