THE FORGE INITIATIVE INC (EIN 273380977) - 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

2010

Legal Domicile

Principal Officer

LINDA WHIPKER

Phone

9196166332

Tax Period

2024-07-01 to 2025-06-30

THE FORGE INITIATIVE INC, founded in 2010, is a small nonprofit in the Education sector that reported $144K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $172K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO EMPOWER FAMILIES AND INDIVIDUALS OF ALL AGES TO COLLABORATIVELY EXPLORE, LEARN, AND LEAD USING TECHNOLOGY AND ENGINEERING.

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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 $119,831

Program Service Revenue $21,617

Investment Income $214

Other Revenue $2,393

TOTAL REVENUE $144,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,761

Fundraising Expenses $8,519

Program Expenses $110,167

Other Expenses $131,167

TOTAL EXPENSES $171,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,055	$273,782	-0.5%
Expenses	$171,928	$273,877	-0.4%
Net Income	$-27,873	$-95	+292.4%

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

131

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
DAVID HUANG	BOARD OF DIR	1.00	Director	$0	$0	$0
DAVID JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK EASTERS	PRESIDENT	2.00	Officer	$0	$0	$0
ROBERT MACKIE	SECRETARY	1.50	Officer	$0	$0	$0
SESHU UPPALAPATI	VICE PRESIDE	2.00	Officer	$0	$0	$0
LINDA WHIPKER	TREASURER	2.00	Officer	$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
2025	$144,055	$171,928	$72,740	$-27,873
2024	No data	No data	No data	No data
2023	$212,060	$200,858	$101,935	$11,202
2022	$174,135	$161,067	$92,333	$13,068
2021	$99,933	$129,310	$79,820	$-29,377
2020	$190,051	$225,456	$114,503	$-35,405
2019	$335,857	$218,393	$141,604	$117,464
2018	$194,929	$215,374	$33,190	$-20,445

THE FORGE INITIATIVE INC