FOREVER ELMWOOD CORPORATION (EIN 161469312) - 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

1994

Legal Domicile

Principal Officer

James Cichocki

Phone

7168810707

Tax Period

2023-01-01 to 2023-12-31

FOREVER ELMWOOD CORPORATION, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $258K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

To encourage a balance of growth and preservation, to support community-led projects and to promote an inclusive neighborhood for people to live, work, visit and prosper.

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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 (2023)

Revenue Breakdown

Contributions & Grants $105,314

Program Service Revenue $152,991

Investment Income $0

Other Revenue $106

TOTAL REVENUE $258,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,534

Fundraising Expenses $0

Program Expenses $223,412

Other Expenses $192,518

TOTAL EXPENSES $264,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,411	$181,856	+0.4%
Expenses	$264,052	$197,895	+0.3%
Net Income	$-5,641	$-16,039	-0.6%

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

$62,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Cichocki	Executive Director	20	Officer	$31,000	$31,000	$62,000
Therese Deutschlander	President	4	Officer Director	$0	$0	$0
Daniel Weinreib	Vice President	4	Officer Director	$0	$0	$0
Carolyn Batt	Secretary	1	Officer Director	$0	$0	$0
Kristina Atti	Board member	1	Officer Director	$0	$0	$0
Stephanie Hanaka	Board member	1	Officer Director	$0	$0	$0
Susan Faso	Board member	1	Officer Director	$0	$0	$0
Wendy Burns	Board member	1	Officer Director	$0	$0	$0
Gregory Gima	Board member	1	Officer Director	$0	$0	$0
Steve Earnhart	Board member	1	Officer Director	$0	$0	$0
Mark Malkiewicz	Board member	1	Officer Director	$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	No data	No data	No data	No data
2023	$258,411	$264,052	$55,230	$-5,641
2021	$159,561	$157,518	$74,564	$2,043
2020	$128,628	$121,267	$76,106	$7,361
2019	$189,736	$188,329	$70,510	$1,407
2018	$365,929	$339,261	$97,034	$26,668
2017	$785,908	$804,190	$68,787	$-18,282

FOREVER ELMWOOD CORPORATION