DIG FURNITURE BANK (EIN 851259732) - Form 990 Financial Analysis & Trantor Score

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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

COREY TAPPAN

Phone

5707135039

Tax Period

2023-01-01 to 2023-12-31

DIG FURNITURE BANK, founded in 2020, is a small nonprofit in the Human Services sector that reported $237K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 26% operating margin.

Mission

TO RESTORE DIGNITY & PROMOTE STABILITY BY REDIRECTING GENTLY USED FURNITURE & HOUSEHOLD ITEMS TO LOCAL FAMILIES IN NEED AT NO COST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $227,837

Program Service Revenue $1,782

Investment Income $151

Other Revenue $7,070

TOTAL REVENUE $236,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,508

Fundraising Expenses $4,051

Program Expenses $161,072

Other Expenses $134,196

TOTAL EXPENSES $174,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,840	$153,143	+0.5%
Expenses	$174,704	$85,136	+1.1%
Net Income	$62,136	$68,007	-0.1%

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

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

$18,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA SHOWERS	CHAIR	1.00	Officer Director	$0	$0	$0
ZACH KLINE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
COREY TAPPAN	TREASURER	1.00	Officer Director	$0	$0	$0
CARLY KLINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
KYLIE AIKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY STOTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KROUT	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY GORSKI	EXECUTIVE DIRECTOR	40.00	Officer	$18,000	$0	$18,000

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	$236,840	$174,704	$162,006	$62,136

DIG FURNITURE BANK