FORAND COMMUNITY CORPORATION (EIN 223051339) - 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

1989

Legal Domicile

Principal Officer

CHERYL JACKSON

Phone

4012319681

Tax Period

2023-01-01 to 2023-12-31

FORAND COMMUNITY CORPORATION, founded in 1989, is a micro nonprofit that reported $15K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 74% operating margin.

Mission

TO PROVIDE ELDERLY ASSISTANCE.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $14,611

TOTAL REVENUE $14,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,259

Other Expenses $3,834

TOTAL EXPENSES $3,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,611	$11,400	+0.3%
Expenses	$3,834	$5,885	-0.3%
Net Income	$10,777	$5,515	+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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL JACKSON	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
FRANK SACCOCCIO	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA MCALEY	SECRETARY	2.00	Officer	$0	$0	$0
DAVID ARUSSO	PRESIDENT	2.00	Officer	$0	$0	$0
ALFRED WILLIAMS III	VICE PRESIDENT	2.00	Officer	$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	$14,611	$3,834	$3,625,029	$10,777
2022	$11,400	$5,885	$3,614,252	$5,515
2021	$22,250	$30,146	$3,608,737	$-7,896
2020	$81,177	$68,574	$3,378,554	$12,603
2019	$105,296	$69,840	$3,147,170	$35,456
2018	$110,711	$76,667	$2,908,860	$34,044

FORAND COMMUNITY CORPORATION