FORGE CITY WORKS INC (EIN 261412551) - 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

2008

Legal Domicile

Principal Officer

BENJAMIN DUBOW

Phone

8605489877

Tax Period

2024-01-01 to 2024-12-31

FORGE CITY WORKS INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $6.0M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,318,016

Program Service Revenue $2,600,610

Investment Income $0

Other Revenue $65,283

TOTAL REVENUE $5,983,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,648,375

Fundraising Expenses $205,576

Program Expenses $5,275,313

Other Expenses $2,550,076

TOTAL EXPENSES $6,198,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,983,909	$7,557,332	-0.2%
Expenses	$6,198,451	$4,168,267	+0.5%
Net Income	$-214,542	$3,389,065	-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

151

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

$139,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OJALA NAEEM	CHAIR	1.00	Officer Director	$0	$0	$0
AIMEE HENDRIGAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SARA BATCHELDER	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE WILLARD	DIRECTOR	1.00	Director	$0	$0	$0
KENYA RUTLAND	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PRICE	DIRECTOR	1.00	Director	$0	$0	$0
BOB PLINEY	DIRECTOR	1.00	Director	$0	$0	$0
TASHA ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS ESPINOSA	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY BUNDY	DIRECTOR	1.00	Director	$0	$0	$0
AL LOOMER	DIRECTOR	1.00	Director	$0	$0	$0
JAIME MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HOCKENHULL	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN DUBOW	EXECUTIVE DIRECTOR	40.00	Officer	$132,800	$6,760	$139,560

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	$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

FORGE CITY WORKS INC