FORWARD PROGRESS ARTS & ENTERTAINMENT CENTERS INC (EIN 364765690) - 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

2014

Legal Domicile

Principal Officer

DEANNA BROWN

Phone

2109428833

Tax Period

2024-01-01 to 2024-12-31

FORWARD PROGRESS ARTS & ENTERTAINMENT CENTERS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $373K in total revenue in fiscal year 2024. Expenses of $319K left a modest 14% surplus.

Mission

TO EMPOWER CREATIVE INDIVIDUALS TO DEVELOP INTO AUTHENTIC ARTISTS BY FOSTERING SELF-ESTEEM, ENCOURAGING PERSONAL AND PROFESSIONAL GROWTH, AND PROVIDING A SAFE, COLLABORATIVE SPACE. THROUGH MENTORSHIP AND ACCESS TO PROFESSIONAL PLATFORMS, WE HELP PARTICIPANTS USE THEIR GOD-GIVEN TALENTS TO PRODUCE HIGH-QUALITY MUSIC, FILMS, STAGE PLAYS, AND DIGITAL MEDIA, WITH THE ULTIMATE GOAL OF CREATING A MORE BALANCED AND INSPIRING ENTERTAINMENT INDUSTRY.

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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 $372,810

Program Service Revenue $0

Investment Income $23

Other Revenue $0

TOTAL REVENUE $372,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $285,720

Other Expenses $318,993

TOTAL EXPENSES $318,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,833	N/A	N/A
Expenses	$318,993	N/A	N/A
Net Income	$53,840	N/A	N/A

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

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

$23,050

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATSY WHITFIELD	PRESIDENT	010.00	Director	$0	$0	$0
NEVETTA KING	TREASURE	010.00	Director	$0	$0	$0
VERONICA BROOKS	SECRETARY	000.5	Director	$0	$0	$0
JOHNNIE ALMON	BOARD MEMBER	000.5	Director	$0	$0	$0
DEANNA BROWN	EXECUTIVE DIRECTOR	040.00	Key Emp	$23,050	$0	$23,050

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
2024	$372,833	$318,993	$53,320	$53,840

FORWARD PROGRESS ARTS & ENTERTAINMENT CENTERS INC