FURNISH HOPE INC

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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

2020

Legal Domicile

Principal Officer

DEBRA LAVELL

Phone

5416473913

Tax Period

2024-01-01 to 2024-12-31

FURNISH HOPE INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.4M left a modest 15% surplus.

Mission

FURNISH HOPE CREATES AWARENESS ABOUT ESSENTIAL HOME FURNISHING INSECURITY AS WELL AS TRANSFORM EMPTY HOUSES INTO WELCOMING HOMES FOR FAMILIES. TOGETHER, WE FURNISH HOPE.

Program Service Accomplishments

Program 1

Expenses: $1,260,696 Revenue: $327,089

IN 2024, FURNISH HOPE CONTINUED TO EXPAND ITS IMPACT IN CENTRAL OREGON BY FURNISHING 532 HOMES AND SERVING 1,290 INDIVIDUALS IN NEED, OFFERING STABILITY, DIGNITY, AND A FRESH START. THIS WORK WAS...

IN 2024, FURNISH HOPE CONTINUED TO EXPAND ITS IMPACT IN CENTRAL OREGON BY FURNISHING 532 HOMES AND SERVING 1,290 INDIVIDUALS IN NEED, OFFERING STABILITY, DIGNITY, AND A FRESH START. THIS WORK WAS MADE POSSIBLE THROUGH THE DEDICATION OF OUR COMMUNITY, INCLUDING 8,378 VOLUNTEER HOURS AND COLLABORATION WITH 84 PARTNER AGENCIES ACROSS THE REGION. WE RECEIVED $732,564 IN IN-KIND DONATIONS, INCLUDING ESSENTIAL ITEMS SUCH AS WAREHOUSE AND STORAGE SPACE, FURNISHINGS, AND HOUSEHOLD GOODS. THESE GENEROUS CONTRIBUTIONS WERE VITAL IN MEETING THE GROWING NEEDS OF FAMILIES TRANSITIONING OUT OF CRISIS. IN ADDITION, OUR FURNISH HOPE & HOME STOREFRONT GENERATED $351,851 IN REVENUE TO SUPPORT OUR MISSION AND OPERATIONAL COSTS, ALLOWING US TO REINVEST DIRECTLY INTO PROGRAM SERVICES AND SUSTAINABILITY EFFORTS. TOGETHER, THESE ACHIEVEMENTS REFLECT A YEAR OF TRANSFORMATIONAL IMPACT, POWERED BY COMMUNITY GENEROSITY AND COLLECTIVE ACTION.

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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 $1,235,622

Program Service Revenue $321,618

Investment Income $5,471

Other Revenue $59,055

TOTAL REVENUE $1,621,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,859

Fundraising Expenses $28,354

Program Expenses $1,260,696

Other Expenses $1,038,561

TOTAL EXPENSES $1,380,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,621,766	$1,823,781	-0.1%
Expenses	$1,380,420	$1,393,498	0.0%
Net Income	$241,346	$430,283	-0.4%

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

150

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
DEBRA LAVELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAM FIELD	SECRETARY	5.00	Officer Director	$0	$0	$0
SHANNON JONES	TREASURER	5.00	Officer Director	$0	$0	$0
JULIE HOTCHKISS	MEMBER	2.00	Director	$0	$0	$0
BOB OURY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE SCHMIDT	MEMBER	2.00	Director	$0	$0	$0
CINDY CANNON	MEMBER	2.00	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	$1,621,766	$1,380,420	$995,748	$241,346
2023	$1,823,781	$1,393,498	$738,963	$430,283
2022	$1,290,955	$1,152,846	$300,251	$138,109
2021	$773,999	$699,698	$160,331	$74,301
2020	$738,295	$362,935	$110,161	$375,360