FORREST SPENCE FUND

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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

2007

Legal Domicile

Principal Officer

BRITTANY SPENCE

Phone

9017633259

Tax Period

2024-01-01 to 2024-12-31

FORREST SPENCE FUND, founded in 2007, is a small nonprofit in the Human Services sector that reported $879K in total revenue in fiscal year 2024. The organization ran a surplus of $175K, a strong 20% operating margin.

Mission

ASSIST WITH NONMEDICAL NEEDS OF CRITICALLY OR CHRONICALLY ILL CHILDREN AND THEIR FAMILIES THROUGHOUT THE MIDSOUTH

Program Service Accomplishments

Program 1

Expenses: $124,864

ASSIST WITH NONMEDICAL NEEDS OF CRITICALLY OR CHRONICALLY ILL CHILDREN AND THEIR FAMILIES THROUGHOUT THE MIDSOUTH

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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 $762,424

Program Service Revenue $0

Investment Income $116,441

Other Revenue $0

TOTAL REVENUE $878,865

Expense Breakdown

Grants Paid $273,753

Salaries & Benefits $138,353

Fundraising Expenses $184,960

Program Expenses $405,968

Other Expenses $291,967

TOTAL EXPENSES $704,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$878,865	$895,238	0.0%
Expenses	$704,073	$791,963	-0.1%
Net Income	$174,792	$103,275	+0.7%

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

$40,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MARTIN	DIRECTOR	0.00	Director	$0	$0	$0
GREGG SMITH	TREASURER	0.00	Officer	$0	$0	$0
DAVID SPENCE	PRESIDENT	0.00	Officer	$0	$0	$0
LEAH GREENE	SECRETARY	0.00	Officer	$0	$0	$0
BRITTANY SPENCE	EXECUTIVE DIRECTOR	40.00	Officer	$40,000	$0	$40,000

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
2025	No data	No data	No data	No data
2024	$878,865	$704,073	$1,888,673	$174,792
2023	$895,238	$791,963	$1,720,894	$103,275
2022	$574,565	$601,882	$1,436,906	$-27,317
2021	$829,907	$461,573	$1,458,847	$368,334
2020	$520,216	$439,565	$1,102,689	$80,651
2020	$520,216	$439,565	$1,102,689	$80,651
2019	$622,001	$451,593	$1,000,208	$170,408
2018	$417,871	$338,948	$830,654	$78,923