FORWARD SERVICE CORPORATION (EIN 391342890) - 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

1979

Legal Domicile

Principal Officer

MICHELLE SZABROWICZ

Phone

6082443526

Tax Period

2024-07-01 to 2025-06-30

FORWARD SERVICE CORPORATION, founded in 1979, is a mid-sized nonprofit in the Employment sector that reported $34.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

HELPING INDIVIDUALS REALIZE A LARGER SENSE OF POSSIBILITY ABOUT THE PERSON THEY CAN BECOME.

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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 $32,573,422

Program Service Revenue $0

Investment Income $291,238

Other Revenue $1,558,687

TOTAL REVENUE $34,423,347

Expense Breakdown

Grants Paid $7,297,611

Salaries & Benefits $24,638,544

Fundraising Expenses $318,726

Program Expenses $30,921,707

Other Expenses $3,716,364

TOTAL EXPENSES $35,652,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,423,347	$30,470,618	+0.1%
Expenses	$35,652,519	$31,082,809	+0.1%
Net Income	$-1,229,172	$-612,191	+1.0%

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

383

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

$468,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK PARKS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BENJAMIN JONES	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
KRISTA SCHMIDT	TREASURER	1.00	Officer Director	$0	$0	$0
SHEREE YATES	SECRETARY	1.00	Officer Director	$0	$0	$0
VINCENT RICE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE ERIKSON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
NICK DREWSEN	DIRECTOR	1.00	Director	$0	$0	$0
JANET VANDENBERGH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER GRYS-LUECHT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SZABROWICZ	CEO	20.00	Officer	$326,000	$58,027	$384,027
MICHELLE KNUTSON	CFO	20.00	Officer	$80,360	$3,632	$83,992
LISA OMEN	CHIEF OPERATIONS OFFICER	40.00	Highest	$274,892	$36,518	$311,410
SARA JACKSON	CHIEF INFORMATION OFFICER	24.00	Highest	$204,861	$25,647	$230,508
PATTY HAGGERTY	CHIEF HUMAN RESOURCES OFFICER	20.00	Highest	$158,619	$32,718	$191,337
BRIAN COVEY	DIRECTOR OF OPERATIONS	40.00	Highest	$121,832	$43,188	$165,020
ANTHONY DZIEDZIC	DIRECTOR OF OPERATIONS	40.00	Highest	$124,079	$30,629	$154,708

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	$34,423,347	$35,652,519	$16,447,858	$-1,229,172
2024	$30,470,618	$31,082,809	$16,883,693	$-612,191
2023	$27,878,428	$29,662,612	$18,634,226	$-1,784,184
2022	$27,791,768	$25,673,039	$19,094,108	$2,118,729
2021	$25,174,729	$24,281,188	$16,777,721	$893,541
2020	$27,500,775	$24,861,521	$12,583,111	$2,639,254
2019	$25,875,096	$25,266,986	$11,626,669	$608,110
2018	$25,548,093	$24,329,438	$10,511,314	$1,218,655

FORWARD SERVICE CORPORATION