FORGOTTEN IMAGES INC (EIN 300599536) - 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

2007

Legal Domicile

Principal Officer

SHARON MCLUCAS

Phone

5628962282

Tax Period

2023-01-01 to 2023-12-31

FORGOTTEN IMAGES INC, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $26K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $33K exceeded revenue, resulting in a 24% operating deficit.

Mission

ITS A TRAVELING AFRICAN AMERICAN MUSEUM EXHIBIT.

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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 $26,300

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,612

Other Expenses $32,612

TOTAL EXPENSES $32,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,300	$30,000	-0.1%
Expenses	$32,612	$24,872	+0.3%
Net Income	$-6,312	$5,128	-2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON MCLUCAS	CEO	2.00	Officer	$0	$0	$0
LYNETTE JACKSON	SECRETARY	2.00	Officer	$0	$0	$0
AUTRILLA GILLIS	CFO	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
2023	$26,300	$32,612	$782	$-6,312
2022	$30,000	$24,872	$7,094	$5,128
2021	$20,000	$24,104	$2,328	$-4,104
2020	$15,000	$3,062	$15,000	$11,938
2019	$14,900	$10,532	$299	$4,368

FORGOTTEN IMAGES INC