FOREVER LEARNING INSTITUTE INC (EIN 351878405) - 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

1993

Legal Domicile

Principal Officer

THOMAS KURZHAL

Phone

5742821901

Tax Period

2024-06-01 to 2025-05-31

FOREVER LEARNING INSTITUTE INC, founded in 1993, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $192K left a modest 10% surplus.

Mission

PROVIDE EDUCATIONAL COURSES FOR ADULTS OVER AGE 50.

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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 $92,327

Program Service Revenue $140,189

Investment Income $5,972

Other Revenue $-25,272

TOTAL REVENUE $213,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,772

Fundraising Expenses $6,496

Program Expenses $145,789

Other Expenses $90,305

TOTAL EXPENSES $192,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,216	$191,031	+0.1%
Expenses	$192,077	$145,818	+0.3%
Net Income	$21,139	$45,213	-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

Total Directors

$57,397

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE AZAR	EXECUTIVE DIRECTOR	40.00	Director	$15,495	$479	$15,974
THOMAS A VILLING	OFFICER	1.00	Director	$0	$0	$0
MICHAEL SZYMANSKI	OFFICER	1.00	Director	$0	$0	$0
KIRSTEN SHARPE	OFFICER	1.00	Director	$0	$0	$0
CARMEN PIASECKI	OFFICER	1.00	Director	$0	$0	$0
JOHN PENDARVIS	OFFICER	1.00	Director	$0	$0	$0
TIMOTHY MCBRIDE	OFFICER	1.00	Director	$0	$0	$0
DOROTHY MINCY	OFFICER	1.00	Director	$0	$0	$0
SUSAN MCCUSKER	OFFICER	1.00	Director	$0	$0	$0
BR ROBERT LIVERNOIS	OFFICER	1.00	Director	$0	$0	$0
JAMES KAPSA	OFFICER	1.00	Director	$0	$0	$0
MARY JANE CHASE	OFFICER	1.00	Director	$0	$0	$0
MARK BEUDERT	OFFICER	1.00	Director	$0	$0	$0
EVE FINNESSY	FORMER EXECUTIVE DIRECTOR	40.00	Director	$40,180	$1,243	$41,423
THOMAS KURZHAL	TREASURER	2.00	Officer	$0	$0	$0
JESSICA BROCK	SECRETARY	2.00	Officer	$0	$0	$0
KIMBERLY PARISH	VICE PRESIDENT	2.00	Officer	$0	$0	$0
LEIGHTON SCHMITT	PRESIDENT	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	$213,216	$192,077	$370,216	$21,139

FOREVER LEARNING INSTITUTE INC