THE FORBES FUNDS (EIN 251418095) - 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

1982

Legal Domicile

Principal Officer

FRED BROWN

Phone

4123915122

Tax Period

2023-01-01 to 2023-12-31

THE FORBES FUNDS, founded in 1982, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Net assets of $9.8M represent 44 months of operating reserves.

Mission

TO FOCUS ON STRENGTHENING THE MANAGEMENT CAPACITY AND IMPACT OF COMMUNITY NONPROFITS INDIVIDUALLY AND COLLECTIVELY.

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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 $1,960,108

Program Service Revenue $230,091

Investment Income $465,232

Other Revenue $0

TOTAL REVENUE $2,655,431

Expense Breakdown

Grants Paid $210,000

Salaries & Benefits $957,316

Fundraising Expenses $125,311

Program Expenses $1,931,750

Other Expenses $1,425,030

TOTAL EXPENSES $2,593,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,655,431	$1,718,199	+0.5%
Expenses	$2,593,246	$2,499,418	+0.0%
Net Income	$62,185	$-781,219	-1.1%

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

$296,287

Total Directors

$1,063,653

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISABETH SCHROEDER	MEMBER AT LARGE	1.00	Director	$0	$73,375	$690,102
JONATHAN BRELSFORD	MEMBER AT LARGE	1.00	Director	$0	$68,264	$361,451
JASON JONES	TREASURER	1.00	Officer Director	$12,100	$0	$12,100
BILL ISLER	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES E TAYLOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHY HUMPHREY	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ANN E CUDD	MEMBER AT LARGE (EXITED 6/23)	1.00	Director	$0	$0	$0
SYLVIA FIELDS	MEMBER AT LARGE	1.00	Director	$0	$0	$0
FRED BROWN	PRESIDENT/CEO	65.00	Officer	$221,272	$62,915	$284,187
OLIVIA BENSON	CHIEF OPERATING OFFICER	50.00	Highest	$102,909	$50,294	$153,203
HANNAH KAROLAK	CHIEF PROGRAM OFFICER	50.00	Highest	$100,595	$44,741	$145,336

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	$2,655,431	$2,593,246	$10,327,800	$62,185
2022	$1,718,199	$2,499,418	$9,820,078	$-781,219
2021	$3,486,741	$2,450,807	$11,532,180	$1,035,934
2020	$2,202,842	$2,338,217	$9,800,019	$-135,375
2019	$2,139,922	$2,225,199	$9,406,238	$-85,277
2018	$1,490,105	$2,282,979	$8,550,482	$-792,874

THE FORBES FUNDS