ONWARD A LEGACY FOUNDATION

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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

2002

Legal Domicile

Principal Officer

Charles R Forth Jr

Phone

9705659200

Tax Period

2023-01-01 to 2023-12-31

ONWARD A LEGACY FOUNDATION, founded in 2002, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 9% surplus.

Mission

ONWARD! IS A TAX-EXEMPT, NON-PROFIT COMMUNITY FOUNDATION ORGANIZED FOR PUBLIC CHARITY PURPOSES. ONWARD!'S MISSION IS TO PROVIDE OPPORTUNITIES TO DEVELOP AND MAINTAIN A SUSTAINABLE RESOURCE BASE THAT WILL ENHANCE THE QUALITY OF LIFE FOR RESIDENTS IN THE FOUR CORNERS' COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,845,351 Revenue: $3,447,157

ADMINISTRATION OF 39 FISCAL FUNDS. THE LARGEST FUNDS ARE RELATED TO School Community Youth, after school programs, Food Equity programs, Canyon lands preservation/education and apple orchard...

ADMINISTRATION OF 39 FISCAL FUNDS. THE LARGEST FUNDS ARE RELATED TO School Community Youth, after school programs, Food Equity programs, Canyon lands preservation/education and apple orchard restoration.

Program 2

Expenses: $115,748 Revenue: $50,963

ADMINISTRATION OF 21 SCHOLARSHIP FUNDS WHICH PAID SCHOLARSHIPS TO 105 INDIVIDUALS.

Program 3

Expenses: $111,847 Revenue: $3,060

ADMINISTRATION OF 5 DONOR-ADVISED FUNDS WHICH MADE GRANTS TO 18 NON-PROFIT AND GOVERNMENT ORGANIZATIONS.

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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 $3,709,870

Program Service Revenue $257,055

Investment Income $125,582

Other Revenue $66,026

TOTAL REVENUE $4,158,533

Expense Breakdown

Grants Paid $915,359

Salaries & Benefits $1,416,817

Fundraising Expenses $120,365

Program Expenses $3,141,673

Other Expenses $1,449,372

TOTAL EXPENSES $3,781,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,158,533	$3,597,468	+0.2%
Expenses	$3,781,548	$2,572,635	+0.5%
Net Income	$376,985	$1,024,833	-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

193

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles R Forth Jr	Executive Director	18.00		$30,240	$0	$30,240
David Coit Jr	Vice President	2.00	Officer Director	$0	$0	$0
MB MCAFEE	Secretary	2.00	Officer Director	$0	$0	$0
Rebecca Samulski	Director	2.00	Director	$0	$0	$0
PETE MONTANO	President	2.00	Officer Director	$0	$0	$0
Laura Herrick	Director	2.00	Director	$0	$0	$0
Jessie Farias Jr	Director	2.00	Director	$0	$0	$0
Youvonne Neeley	Treasurer	2.00	Officer Director	$0	$0	$0
ROBBY HENES	Director	2.00	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	$4,158,533	$3,781,548	$6,567,529	$376,985
2022	$3,597,468	$2,572,635	$5,693,377	$1,024,833
2021	$2,913,041	$1,715,956	$5,517,184	$1,197,085
2020	$2,201,949	$1,317,698	$4,255,081	$884,251
2019	$2,011,121	$1,621,082	$3,260,012	$390,039
2018	$1,082,196	$972,695	$3,364,855	$109,501