FORWARD PERFORMING ARTS INC (EIN 391131530) - 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

1970

Legal Domicile

Principal Officer

CHRISTOPHER KOMNICK

Phone

8598033463

Tax Period

2023-11-01 to 2024-10-31

FORWARD PERFORMING ARTS INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

OUR MISSION IS TO PROVIDE PROGRAMS FOR YOUTH IN MUSIC AND PERFORMANCE TRAINING THROUGH A POSITIVE ENVIRONMENT THAT EMPHASIZES CHARACTER AND SOCIAL DEVELOPMENT, LEADERSHIP, SELF-DISCIPLINE, AND THE PURSUIT OF EXCELLENCE.

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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 $147,278

Program Service Revenue $1,091,395

Investment Income $25,441

Other Revenue $143,368

TOTAL REVENUE $1,407,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,825

Fundraising Expenses $44,694

Program Expenses $1,288,650

Other Expenses $1,289,330

TOTAL EXPENSES $1,585,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,407,482	$1,423,857	0.0%
Expenses	$1,585,155	$1,532,926	+0.0%
Net Income	$-177,673	$-109,069	+0.6%

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

Employees

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HADLEY	EXCOMM	0.00	Director	$0	$0	$0
MICHAEL C ROBINSON	DIRECTOR	0.00	Director	$0	$0	$0
JEFF MANION	TREASURER	0.00	Officer Director	$0	$0	$0
MICHAEL R GARVIN JR	DIRECTOR	0.00	Director	$0	$0	$0
DIANE GOETSCH	DIRECTOR	0.00	Director	$0	$0	$0
CARMEN CROOK	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL BENDER	DIRECTOR	0.00	Director	$0	$0	$0
GREGG AUBY	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
CHRISTINE D'ANGELO	VICE CHAIR	0.00	Officer Director	$0	$0	$0
JANELLE EWING	DIRECTOR	0.00	Director	$0	$0	$0
RANDY FERRIE	MSAA	0.00	Director	$0	$0	$0
TJ GALE	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL YEH	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTOPHER KOMNICK	CEO/SECRETARY	50.00	Officer	$75,000	$0	$75,000

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	$1,407,482	$1,585,155	$1,166,850	$-177,673
2023	$1,423,857	$1,532,926	$1,368,216	$-109,069
2022	$1,562,807	$1,556,548	$1,560,733	$6,259
2021	$1,464,298	$920,473	$1,131,638	$543,825
2021	$1,464,298	$920,473	$1,131,638	$543,825
2020	$525,808	$417,435	$758,485	$108,373

FORWARD PERFORMING ARTS INC