HARTFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FORGE CITY WORKS INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $6.4M exceeded revenue, resulting in a 16% operating deficit.
FORGE CITY WORKS USES THE POWER OF FOOD TO TRANSFORM PEOPLE, NEIGHBORHOODS, AND OUR CITY BY CREATING FOOD-BASED CAREER PATHWAYS, PROVIDING EQUITABLE, AFFORDABLE FOOD ACCESS, AND OPERATING FOOD-BASED SOCIAL ENTERPRISE BUSINESSES.
JOB TRAINING: OUR JOB TRAINING PROGRAM PREPARES LOW-INCOME RESIDENTS WITH BARRIERS TO EMPLOYMENT FOR JOBS EACH YEAR, FOCUSING ON BOTH SOFT SKILLS AND TECHNICAL CULINARY SKILLS. MOST PARTICIPANTS ARE...
JOB TRAINING: OUR JOB TRAINING PROGRAM PREPARES LOW-INCOME RESIDENTS WITH BARRIERS TO EMPLOYMENT FOR JOBS EACH YEAR, FOCUSING ON BOTH SOFT SKILLS AND TECHNICAL CULINARY SKILLS. MOST PARTICIPANTS ARE OPPORTUNITY YOUTH (AGES 18-24 WHO ARE DISCONNECTED FROM SCHOOL AND WORK). PARTICIPANTS EARN MINIMUM WAGE DURING TRAINING AND WORK 20-25 HOURS/WEEK FOR ABOUT 16 WEEKS IN LEVEL 1 WHILE THEY MASTER INITIAL SKILLS, THEN MOVE UP TO LEVEL 2 INTERNSHIPS. WAGES EARNED BY TRAINEES IN THE PROGRAM IN 2025 TOTALED $255,208. IN 2025, 40 PARTICIPANTS STARTED THE PROGRAM; 82% OF PARTICIPANTS EXITING THE PROGRAM SUCCESSFULLY COMPLETED LEVEL 1 TRAINING. IN 2025, 76% OF GRADUATES FOUND WORK WITHIN 90 DAYS OF EXITING THE PROGRAM WITH AVERAGE STARTING WAGES OF 17% OVER MINIMUM WAGE. WE HIRE TRAINEES TOO: 15-20% OF OUR HOURLY WORKFORCE ARE TRAINING GRADUATES.
FIRE BY FORGE: IN 2023, WE OPENED FIRE BY FORGE, AN UPSCALE CASUAL, PAN-AMERICAN-INSPIRED CAFE, RESTAURANT, AND BAR WITH EQUITY STRATEGIES EMBEDDED IN THE FINANCIAL MODEL. OUR JOB TRAINING PROGRAM IS...
FIRE BY FORGE: IN 2023, WE OPENED FIRE BY FORGE, AN UPSCALE CASUAL, PAN-AMERICAN-INSPIRED CAFE, RESTAURANT, AND BAR WITH EQUITY STRATEGIES EMBEDDED IN THE FINANCIAL MODEL. OUR JOB TRAINING PROGRAM IS HOSTED AT THE RESTAURANT, WHICH ENABLES US TO TRAIN ON A MUCH BROADER RANGE OF JOBS, AND OFFERS THE POTENTIAL FOR TRANSITIONAL EMPLOYMENT. MANY OF OUR EMPLOYEES LIVE IN OUR FROG HOLLOW NEIGHBORHOOD.
THE GROCERY ON BROAD: OPENED IN 2024, OUR NEIGHBORHOOD GROCERY OFFERS HEALTHY STAPLES AND FRESH FOODS. THE SLIDING SCALE PRICING OFFERS UP TO A 50% DISCOUNT IN 2025 TO LOW-INCOME NEIGHBORS, WHICH...
THE GROCERY ON BROAD: OPENED IN 2024, OUR NEIGHBORHOOD GROCERY OFFERS HEALTHY STAPLES AND FRESH FOODS. THE SLIDING SCALE PRICING OFFERS UP TO A 50% DISCOUNT IN 2025 TO LOW-INCOME NEIGHBORS, WHICH EQUATED TO $170,263 IN SAVINGS TO OUR COMMUNITY. IN 2025, WE SERVED ABOUT 600 FAMILIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $5,556,580 | $5,983,909 | -0.1% |
| Expenses | $6,447,878 | $6,198,451 | +0.0% |
| Net Income | $-891,298 | $-214,542 | +3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| OJALA NAEEM | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WHITNEY BUNDY | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARA BATCHELDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATRICE CLAUDIO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLOS ESPINOSA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELINDA FLOYD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY HENDRIGAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AL LOOMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN PRICE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TASHA ROBERTS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH SPALLUTO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL TURLO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER HOCKENHULL | FINANCE DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAGGIE WILLARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB PILNEY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BENJAMIN DUBOW | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$129,250 | $6,930 | $136,180 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,556,580 | $6,447,878 | $2,403,524 | $-891,298 |
| 2024 | $5,983,909 | $6,198,451 | $5,377,512 | $-214,542 |
| 2023 | $7,557,332 | $4,168,267 | $4,873,409 | $3,389,065 |
| 2022 | $2,286,703 | $1,872,447 | $1,474,855 | $414,256 |
| 2021 | $1,768,691 | $1,494,619 | $1,033,907 | $274,072 |
| 2020 | $1,585,007 | $1,729,659 | $938,535 | $-144,652 |
| 2019 | $2,176,457 | $2,252,133 | $759,130 | $-75,676 |
| 2018 | $2,364,783 | $2,075,145 | $939,644 | $289,638 |
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