Forage Inc (EIN 454207395) - 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

2012

Legal Domicile

Principal Officer

Margaret TheLosen

Tax Period

2023-07-01 to 2024-06-30

Forage Inc, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $622K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 23% operating margin.

Mission

To cultivate and sustain a resilient local food community in North Central Florida through collaboration, economic opportunity, education, and seed stewardship. From seed to plate, we are growing a robust local food system!

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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 $501,534

Program Service Revenue $94,555

Investment Income $4,883

Other Revenue $21,412

TOTAL REVENUE $622,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,799

Fundraising Expenses $19,161

Program Expenses $400,052

Other Expenses $208,063

TOTAL EXPENSES $480,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$622,384	$462,500	+0.3%
Expenses	$480,862	$365,349	+0.3%
Net Income	$141,522	$97,151	+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

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

$32,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shelby Dixon	Executive Director	40.00	Officer	$32,308	$0	$32,308
Dina Liebowitz	Board Member	0.50	Director	$0	$0	$0
Carissa Reddick	Board Member	0.50	Director	$0	$0	$0
Jessica-Jean Stonecipher	Board Member	0.50	Director	$0	$0	$0
Melissa Pena	Board Member	0.05	Director	$0	$0	$0
Aviva Asher	Board Member	0.50	Director	$0	$0	$0
Lisa Molitor Gearen	Board Member	0.50	Director	$0	$0	$0
Jean Theurer	Treasurer	4.00	Officer Director	$0	$0	$0
Margaret TheLosen	President	2.00	Officer Director	$0	$0	$0
Nicole H Kim	Secretary	2.00	Officer Director	$0	$0	$0
Susan Chocola	Vice President	2.00	Officer Director	$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	No data	No data	No data	No data
2024	$622,384	$480,862	$713,485	$141,522
2023	$462,500	$365,349	$580,902	$97,151
2022	$368,851	$328,537	$492,397	$40,314
2021	$437,386	$398,444	$465,418	$38,942
2020	$393,355	$391,469	$423,987	$1,886
2019	$365,844	$204,496	$424,322	$161,348

Forage Inc