BUSINESS FORWARD INC (EIN 264336291) - 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

2009

Legal Domicile

Principal Officer

JAMES DOYLE

Phone

2028611270

Tax Period

2023-01-01 to 2023-12-31

BUSINESS FORWARD INC, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $620K, a strong 19% operating margin.

Mission

TO BUILD SUPPORT FOR POLICIES THAT PROMOTE AMERICA'S ECONOMIC COMPETITIVENESS.

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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 $3,207,819

Program Service Revenue $0

Investment Income $109,377

Other Revenue $0

TOTAL REVENUE $3,317,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,321,269

Fundraising Expenses $0

Other Expenses $1,376,191

TOTAL EXPENSES $2,697,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,317,196	$3,662,919	-0.1%
Expenses	$2,697,460	$2,490,728	+0.1%
Net Income	$619,736	$1,172,191	-0.5%

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

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

$968,202

Total Directors

$968,202

Key Employees

$307,876

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DOYLE	OFFICER-DIRECTOR	20.00	Officer Director	$625,000	$68,202	$968,202
ERIK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JACKSON DUNN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM HITCHCOCK	DIRECTOR	1.00	Director	$0	$0	$0
AMY DACEY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FAIRCHILD	EMPLOYEE	20.00	Key Emp	$150,000	$7,876	$307,876

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	$3,317,196	$2,697,460	$4,180,051	$619,736
2022	$3,662,919	$2,490,728	$3,560,315	$1,172,191
2021	$4,093,500	$2,328,220	$2,402,476	$1,765,280
2020	$1,556,527	$999,575	$636,006	$556,952
2018	$570,633	$595,467	$88,420	$-24,834

BUSINESS FORWARD INC