AUSTIN SCHOOL OF FURNITURE FOUNDATION (EIN 922744783) - 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

2023

Legal Domicile

Principal Officer

AUSTIN WALDO

Phone

3618579228

Tax Period

2024-01-01 to 2024-12-31

AUSTIN SCHOOL OF FURNITURE FOUNDATION, founded in 2023, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2024. Expenses of $117K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO SUPPORT AND GROW THE CRAFT AND COMMUNITY OF FURNITURE MAKING AND WOODWORKING. THE AUSTIN SCHOOL OF FURNITURE FOUNDATION PROVIDES WOODWORKING AND FURNITURE MAKING CLASSES TO HUNDREDS OF STUDENTS PER YEAR, EMPOWERING HOBBYISTS AND ASPIRING PROFESSIONALS INA. TRADITIONAL ART THROUGH MODERN EDUCATION.

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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 $26,657

Program Service Revenue $56,844

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,501

Expense Breakdown

Grants Paid $97

Salaries & Benefits $11,945

Fundraising Expenses $0

Program Expenses $100,472

Other Expenses $104,811

TOTAL EXPENSES $116,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,501	N/A	N/A
Expenses	$116,853	N/A	N/A
Net Income	$-33,352	$0	N/A

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

$6,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN WALDO	MANAGING DIRECTOR	55	Officer	$6,900	$0	$6,900
TIMOTHY WEBB	PRESIDENT	20	Officer Director	$0	$0	$0
DAVE CUTHERELL	TREASURER	5	Officer Director	$0	$0	$0
MARIA SALMERON	SECRETARY	1	Officer Director	$0	$0	$0
DEAN CRUSE	DIRECTOR	1	Director	$0	$0	$0
KIM MCINTYRE	DIRECTOR	1	Director	$0	$0	$0
HANNAH GOLDBERG	DIRECTOR	1	Director	$0	$0	$0
CHRISTINE CRUMPLER	EXECUTIVE DIRECTOR	20	Officer	$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	$83,501	$116,853	$21,008	$-33,352

AUSTIN SCHOOL OF FURNITURE FOUNDATION