HAPPY HOME FURNITURE 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

2022

Legal Domicile

Principal Officer

Christy Spence

Phone

5024735993

Tax Period

2025-01-01 to 2025-12-31

HAPPY HOME FURNITURE INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $259K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $244K left a modest 6% surplus.

Mission

HAPPY HOME FURNITURE BANK PROVIDES FURNITURE AND HOUSEHOLD ESSENTIALS TO INDIVIDUALS AND FAMILIES REBUILDING THEIR LIVES AFTER HOMELESSNESS, DOMESTIC VIOLENCE, REHABILITIATION, MENTAL HEALTH TREATMENT, AND REFUGEE RESETTLEMENT.

Program Service Accomplishments

Program 1

Expenses: $221,676 Revenue: $0

DURING 2025 HAPPY HOME FURNITURE BANK FURNISHED HOMES FOR INDIVIDUALS AND FAMILIES TRANSITIONING OUT OF CRISIS SITUATIONS, INCLUDING HOMELESSNESS, DOMESTIC VIOLENCE, SUBSTANCE USE RECOVERY, INPATIENT MENTAL HEALTH TREATMENT, AND REFUGEE RESETTLEMENT. SERVICES FOCUSED ON PROVIDING ESSENTIAL HOUSEHOLD FURNITURE AND HOUSEHOLD ITEMS TO SUPPORT DIGNITY, STABLITY, AND LONG-TERM HOUSING SUCCESS. PROGRAM DELIVERY RELIED HEAVILY ON DONATED FURNITURE, COMMUNITY VOLUNTEERS, AND CHARITABLE CONTRIBUTIONS.

Program 2

Expenses: $2,753 Revenue: $0

HAPPY HOME FURNITURE BANK 150 BEDS IN 2024, HAPPY HOME FURNITURE BANK LAUNCHED THE "150 BEDS" PROGRAM TO PROVIDE NEW BEDS AND MATTRESSES TO INDIVIDUALS AND FAMILIES TRANSITIONING INTO STABLE HOUSING. THE PROGRAM WAS SUPPORTED BY GRANT FUNDING AND ENABLED THE ORGANIZATION TO EXPAND ITS CAPACITY TO SERVE HOUSEHOLDS LACKING ESSENTIAL SLEEPING FURNISHINGS. PROGRAM DELIVERY INCLUDED COORDINATION, STORAGE, AND DISTRIBUTION SUPPORTED BY VOLUNTEERS. DURING 2025, HAPPY HOME COMPLETED THIS PROGRAM, SPENDING THE FINAL $2,753 OF THE ORIGINAL GIFT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $67,004

Program Service Revenue $191,685

Investment Income $37

Other Revenue $0

TOTAL REVENUE $258,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,000

Fundraising Expenses $800

Program Expenses $224,429

Other Expenses $227,736

TOTAL EXPENSES $243,536

Year-over-Year Comparison

	2025	2024	Change
Revenue	$258,726	$230,657	+0.1%
Expenses	$243,536	$214,230	+0.1%
Net Income	$15,190	$16,427	-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

N/A

Employees

N/A

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

$15,000

Total Directors