Forrestal Agricultural Corporation (EIN 363625291) - 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

1988

Legal Domicile

Phone

6092583080

Tax Period

2022-07-01 to 2023-06-30

Forrestal Agricultural Corporation, founded in 1988, is a mid-sized nonprofit in the Education sector that reported $58.7M in total revenue in fiscal year 2022. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $353.4M exceeded revenue, resulting in a 502% operating deficit.

Mission

Holding Company for investments for the benefit of The Trustees of Princeton University, an educational institution exempt from tax under IRC Section 501 (c)(3).

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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 (2022)

Revenue Breakdown

Contributions & Grants $53,724,874

Program Service Revenue $0

Investment Income $0

Other Revenue $4,980,882

TOTAL REVENUE $58,705,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $353,371,763

TOTAL EXPENSES $353,371,763

Year-over-Year Comparison

	2022	2021	Change
Revenue	$58,705,756	$297,459,521	-0.8%
Expenses	$353,371,763	$378,781,591	-0.1%
Net Income	$-294,666,007	$-81,322,070	+2.6%

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

N/A

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

$15,635,368

Total Directors

$15,312,645

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President, Trustee	1.0	Officer Director	$0	$3,695,240	$10,320,790
N/A	Vice President, Trustee	1.0	Officer Director	$0	$69,399	$688,625
N/A	Secretary, Trustee	1.0	Officer Director	$0	$1,318,519	$4,303,230
N/A	Treasurer	1.0	Officer	$0	$61,429	$322,723

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	No data	No data	No data	No data
2023	$58,705,756	$353,371,763	No data	$-294,666,007
2022	$297,459,521	$378,781,591	$339,814,007	$-81,322,070
2021	$23,098,613	$42,559,415	$569,693,370	$-19,460,802
2020	$43,096,782	$33,100,844	$368,119,233	$9,995,938
2019	$69,775,583	$63,286,199	$389,506,585	$6,489,384

Forrestal Agricultural Corporation