AUSTIN SCHOOL OF FURNITURE FOUNDATION

EIN: 922744783 501(c)(3) Education

AUSTIN, TX

Total Revenue
$83,501
Total Expenses
$116,853
Total Assets
$21,008
Net Assets
$-33,352
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
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.

Program Service Accomplishments

Program 1
Expenses: $100,472 Revenue: $55,994

WOODWORKING CLASSES: THE AUSTIN SCHOOL OF FURNITURE FOUNDATION (ASF) IS A WOODWORKING AND FURNITURE MAKING SCHOOL WITH WOODWORKING CLASSES DESIGNED TO SUPPORT DEDICATED HOBBYISTS, ASPIRING...

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WOODWORKING CLASSES: THE AUSTIN SCHOOL OF FURNITURE FOUNDATION (ASF) IS A WOODWORKING AND FURNITURE MAKING SCHOOL WITH WOODWORKING CLASSES DESIGNED TO SUPPORT DEDICATED HOBBYISTS, ASPIRING PROFESSIONAL FURNITURE MAKERS, AND THE LARGER ARTS COMMUNITY. THESE CLASSES TEACH THE CRAFT OF FURNITURE MAKING THROUGH FUNDAMENTAL WOODWORKING SKILL CLASSES, SMALL AND LARGE PROJECTS, DESIGN THEORY, JOINERY TECHNIQUES, AND CONSTRUCTION METHODOLOGY. ALL WOODWORKING CLASSES ARE TAUGHT BY WOODWORKERS, FURNITURE MAKERS AND DESIGNERS WITH DECADES OF EXPERIENCE. ASF SERVES HUNDREDS OF STUDENTS PER YEAR FROM BEGINNER TO ADVANCED EXPERIENCE LEVELS.

Program 2
Expenses: $0 Revenue: $782

COMMUNITY CLASSES: PROJECT-BASED WORKSHOPS LASTING TYPICALLY 4 HOURS FOR FREE OR AT AN AFFORDABLE RATE TO INCREASE ACCESS FOR INDIVIDUALS WITH LIMITED FINANCIAL MEANS. THESE CLASSES ARE LED BY...

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COMMUNITY CLASSES: PROJECT-BASED WORKSHOPS LASTING TYPICALLY 4 HOURS FOR FREE OR AT AN AFFORDABLE RATE TO INCREASE ACCESS FOR INDIVIDUALS WITH LIMITED FINANCIAL MEANS. THESE CLASSES ARE LED BY VOLUNTEER INSTRUCTORS. MULTIPLE CLASSES WERE HELD EACH MONTH IN FISCAL YEAR 2024, WITH AN AVERAGE OF 4 - 8 STUDENTS PER CLASS.

Program 3
Expenses: $0 Revenue: $360

WOODWORKING CLUB: SOCIAL MEETINGS, OFTEN ACCOMPANIED BY PRESENTATIONS, SUPPORTING THE CRAFT AND COMMUNITY AROUND WOODWORKING AND FURNITURE MAKING.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
5

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
5
$6,900
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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