The Forward Association Inc (EIN 130623590) - 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

1901

Legal Domicile

Phone

2128898200

Tax Period

2024-01-01 to 2024-12-31

The Forward Association Inc, founded in 1901, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.7M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

STRENGTHEN ENGAGEMENT WITH JEWISH IDEAS AND COMMUNITIES THROUGH VARIOUS MEDIA AND PUBLIC EVENTS

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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 $6,296,281

Program Service Revenue $340,427

Investment Income $17,989

Other Revenue $3,732

TOTAL REVENUE $6,658,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,487,803

Fundraising Expenses $870,775

Program Expenses $5,172,895

Other Expenses $2,038,303

TOTAL EXPENSES $6,615,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,658,429	$8,696,897	-0.2%
Expenses	$6,615,681	$6,696,409	0.0%
Net Income	$42,748	$2,000,488	-1.0%

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

$654,425

Total Directors

Key Employees

$934,893

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Silberstein	Chair	4.0	Officer Director	$0	$0	$0
Howard Swibel	Director-At-Large/Secretary	2.0	Officer Director	$0	$0	$0
Jacob Morowitz	Director/Investment Policy Committee Chair	1.0	Officer Director	$0	$0	$0
James Feldman	Vice Chair/Nominating Committee Chair	2.0	Officer Director	$0	$0	$0
Jeff Gottlieb thru 111224	Secretary	2.0	Officer Director	$0	$0	$0
Samuel Norich	Development Committee Chair	6.0	Officer Director	$0	$0	$0
Yeheskel Dattner	Treasurer	1.0	Officer Director	$0	$0	$0
Cheryl Fishbein	Director-At-Large	1.0	Director	$0	$0	$0
Dennis Levitt from 111224	Director-At-Large	1.0	Director	$0	$0	$0
Don Kimelman	Director-At-Large	1.0	Director	$0	$0	$0
Edward Blank thru 111224	Director-At-Large	1.0	Director	$0	$0	$0
Joel Brown	Audit Committee Chair/Director-At-Large	2.0	Director	$0	$0	$0
Julie Stone from 111224	Director-At-Large	1.0	Director	$0	$0	$0
Ken Bob thru 111224	Director-At-Large	3.0	Director	$0	$0	$0
Lisa Portnoy from 111224	Director-At-Large	1.0	Director	$0	$0	$0
Marcy Syms	Compensation Committee Chair	1.0	Director	$0	$0	$0
Marge Magner	Budget Committee Chair	2.5	Director	$0	$0	$0
Ronnie Zolin thru 111224	Audit Committee Chair	1.0	Director	$0	$0	$0
Rachel Fishman Feddersen	CEO	40.0	Officer	$365,640	$49,962	$415,602
Sochieta Moth	VP Finance	40.0	Officer	$235,082	$3,741	$238,823
Jay Ehrlich	Senior VP Operations	40.0	Key Emp	$245,560	$48,571	$294,131
Jodi Rudoren	Editor in Chief	40.0	Key Emp	$316,505	$48,994	$365,499
Lisa Lepson	VP Development	40.0	Key Emp	$218,966	$56,297	$275,263
Adam Langer	Managing Editor	40.0	Highest	$124,059	$46,010	$170,069
Cheuk Mui	Controller	40.0	Highest	$137,884	$17,865	$155,749
Lauren Markoe	Editor	40.0	Highest	$129,112	$15,293	$144,405

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	$6,658,429	$6,615,681	$3,892,689	$42,748
2023	$8,696,897	$6,696,409	$3,811,965	$2,000,488
2022	$7,073,352	$6,213,351	$2,140,662	$860,001
2021	$5,957,432	$5,750,071	$1,999,330	$207,361
2020	$4,957,225	$5,274,833	$1,778,782	$-317,608
2019	$6,083,887	$5,592,910	$1,469,854	$490,977
2018	$7,262,912	$7,231,854	$1,581,639	$31,058
2017	$7,385,375	$8,120,673	$1,267,983	$-735,298

The Forward Association Inc