Furniture Bank of Southeastern Connecticut Inc
Nonprofit profile at a glance
- EIN
- 550890897
- IRS 990-EZ coverage
- 2019–2025
- Forms available
- Form 990-EZ 2025
- Location
- Gales Ferry, CT, USA
- Phone
- 8603819224
- Rating
- 97
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Thrift Shops
- Affiliation
- Christianity
Reported finances
- Revenue
- $63,947
- Expenses
- $64,077
- Assets
- $23,774
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Alan Nordquist (President)
People named in this filing
- Alan Nordquist (President)
- Michael Wuesthoff (Treasurer)
- Deborah Eld (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to serve families in need of furniture due to hardship. We are located in Gales Ferry, Connecticut, and serve all of Southeastern Connecticut. We purchase new beds with funds from grants, donations, and twice yearly tag sales and give them free of charge to people referred to us by social service agencies and churches. We also collect donated furniture, although the rising cost of storage has required that we scale down this part of our operation. The people we serve are referred by about 60 State agencies, women's shelters, churches, and other organizations that help people in need. During fiscal year 2025, we were able to help 238 families. Donated furniture and purchased cribs and toddler beds are stored in a locker at Cube Smart in Gales Ferry. The locker is provided free of charge by the management, saving us about $6,000 per year in rental fees.
What it reported doing in 2025
During fiscal year 2025, we provided beds, cribs, and toddler beds to 238 families.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -0.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.37; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $64K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.