FORWARD CITIES INC (EIN 134302280) - 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

2005

Legal Domicile

Principal Officer

DIAMONTE WALKER

Phone

9109284480

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO EQUIP COMMUNITY LEADERS, CATALYZE NARRATIVE CHANGE, AND MEASURE PROGRESS OVER TIME, LEVERAGING FIRST-HAND ECOSYSTEM BUILDING EXPERIENCES ACROSS THE NATION.

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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 $1,723,419

Program Service Revenue $0

Investment Income $0

Other Revenue $3,027

TOTAL REVENUE $1,726,446

Expense Breakdown

Grants Paid $174,284

Salaries & Benefits $576,261

Fundraising Expenses $19,360

Program Expenses $1,030,352

Other Expenses $695,339

TOTAL EXPENSES $1,445,884

Year-over-Year Comparison

	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%

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

$155,741

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

FORWARD CITIES INC