DURHAM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FORWARD CITIES INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $281K, a strong 16% operating margin.
TO EQUIP COMMUNITY LEADERS, CATALYZE NARRATIVE CHANGE, AND MEASURE PROGRESS OVER TIME, LEVERAGING FIRST-HAND ECOSYSTEM BUILDING EXPERIENCES ACROSS THE NATION.
E3 DURHAM COUNTY AWARD-AS THE SBA NAVIGATOR PROGRAM AND PILOT FUNDING ENDED IN NOVEMBER 2023, THE DURHAM COUNTY ARPA GRANT AWARD IS AN OPPORTUNITY TO LEVERAGE THE SBA'S INVESTMENT IN DURHAM COUNTY...
E3 DURHAM COUNTY AWARD-AS THE SBA NAVIGATOR PROGRAM AND PILOT FUNDING ENDED IN NOVEMBER 2023, THE DURHAM COUNTY ARPA GRANT AWARD IS AN OPPORTUNITY TO LEVERAGE THE SBA'S INVESTMENT IN DURHAM COUNTY AND BUILD ON E3 DURHAM'S MOMENTUM. RECOGNIZING THE TREMENDOUS VALUE OF THE MANY DEDICATED AREA BUSINESS SUPPORT ORGANIZATIONS AND SERVICE PROVIDERS WHO WORK TIRELESSLY TO EQUIP DURHAM COUNTY BUSINESS OWNERS, THIS PROGRAM EARMARKS NEARLY 50% PROGRAMMATIC FUNDING AS PASS THROUGH TO 1) ENROLLED ENTREPRENEURS TO REDUCE THE COST OF DOING BUSINESS AND 2) SERVICE PROVIDERS TO ENGAGE THEIR EXPERTISE AND INCREASE THEIR ABILITY TO EFFECTIVELY AND SUSTAINABLY SERVE THE COMMUNITY.COMBINED WITH THE EXISTING STRENGTHS OF THE NAVIGATION MODEL, THESE EFFORTS WILL ALLOW US TO BETTER UNDERSTAND ENTREPRENEURS' NEEDS; PRIORITIZE NEEDS BY STAGE, SIZE, SECTOR, AND DEMOGRAPHICS; CONTINUE TO GROW CAPITAL READINESS AND CONNECTIONS; AND ENGAGE A BROADER SET OF SUPPORT ORGANIZATIONS AND SERVICE PROVIDERS TO LEVEL-UP SUPPORT FOR ENTREPRENEURS WHO NEED IT MOST.
THE BLACK WALL STREET FORWARD PILOT PROGRAM LAUNCHED IN 2022 AND WAS MODELED ON THE PILLARS THAT MADE DURHAM'S ORIGINAL BLACK WALL STREET SUCCESSFUL, WITH THE GOAL OF CONTINUING THE LEGACY OF...
THE BLACK WALL STREET FORWARD PILOT PROGRAM LAUNCHED IN 2022 AND WAS MODELED ON THE PILLARS THAT MADE DURHAM'S ORIGINAL BLACK WALL STREET SUCCESSFUL, WITH THE GOAL OF CONTINUING THE LEGACY OF CATALYZING BLACK BUSINESS OWNERS AND CHAMPIONS. THE TRANSFORMATIVE PROGRAM ENGAGED FIVE COMMUNITIES THROUGHOUT THE STATE OF NORTH CAROLINA IN A COHORT-BASED LEARNING JOURNEY TO EXPLORE THE PAST AND PRESENT OF BLACK ENTREPRENEURSHIP IN THOSE COMMUNITIES AND TO TAKE COLLABORATIVE ACTION TO BUILD A BETTER COLLECTIVE FUTURE.
TULSA ECOSYSTEM- FORWARD CITIES PARTNERED WITH BUILD IN TULSA TO CREATE A COMPREHENSIVE DATA FRAMEWORK FOR ACCELERATOR AND ENTREPRENEURSHIP-SUPPORT PROGRAM IMPROVEMENT. BUILD IN TULSA PROVIDES...
TULSA ECOSYSTEM- FORWARD CITIES PARTNERED WITH BUILD IN TULSA TO CREATE A COMPREHENSIVE DATA FRAMEWORK FOR ACCELERATOR AND ENTREPRENEURSHIP-SUPPORT PROGRAM IMPROVEMENT. BUILD IN TULSA PROVIDES ENTREPRENEURS WITH A NETWORK OF ACCELERATORS, MENTORING, EDUCATION, NETWORKING, AND DIRECT FINANCIAL ASSISTANCE TO BUILD COMMUNITY AND STRATEGIC PARTNERSHIPS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,726,446 | $1,072,854 | +0.6% |
| Expenses | $1,445,884 | $1,560,386 | -0.1% |
| Net Income | $280,562 | $-487,532 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DEMETRA BROWN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINA CAIN | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| LAUREN PAUL | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| TREVOR SMITH | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| PETE CARLSON | BOARD CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| ADRIAN SMITH | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| C FAY HORWITT | PRESIDENT AND CEO | 40.00 |
Officer
|
$147,171 | $8,570 | $155,741 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,726,446 | $1,445,884 | $583,572 | $280,562 |
| 2023 | $1,072,854 | $1,560,386 | $303,010 | $-487,532 |
| 2022 | $1,860,427 | $2,254,056 | $790,542 | $-393,629 |
| 2021 | $2,460,187 | $2,092,074 | $1,196,373 | $368,113 |
| 2020 | $2,482,768 | $2,683,130 | $889,550 | $-200,362 |
| 2019 | $2,778,625 | $2,364,766 | $1,137,143 | $413,859 |
| 2018 | $1,431,165 | $1,098,179 | $655,260 | $332,986 |
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