FOREST CITY ENTERTAINMENT INC

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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

BETHANIE FARUS

Phone

6415852450

Tax Period

2024-07-01 to 2025-06-30

FOREST CITY ENTERTAINMENT INC, founded in 2012, is a small nonprofit in the Youth Development sector that reported $135K in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 22% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE ENTERTAINMENT AVENUES FOR THE CITIZENS OF FOREST CITY VIA OPERATING A MOVIE CINEMA OPEN TO THE PUBLIC AND MAINTAINING REASONABLE ADMISSION PRICES.

Program Service Accomplishments

Program 1

Expenses: $103,578

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE ENTERTAINMENT AVENUES FOR THE CITIZENS OF FOREST CITY, IMPROVE THE QUALITY OF LIFE FOR RESIDENTS, AND TO KEEP COSTS AT A MINIMUM FOR ALL EVENTS.

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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 $71,082

Program Service Revenue $56,960

Investment Income $0

Other Revenue $7,045

TOTAL REVENUE $135,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,065

Fundraising Expenses $0

Program Expenses $103,578

Other Expenses $85,729

TOTAL EXPENSES $104,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,087	$60,649	+1.2%
Expenses	$104,794	$75,959	+0.4%
Net Income	$30,293	$-15,310	-3.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE ARNDT	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA CHASE	BOARD MEMBER	1.00	Director	$0	$0	$0
BETHANIE FARUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONOVAN JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GINA KEEPER	BOARD MEMBER	1.00	Director	$0	$0	$0
HP KOBRIGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KARLA WEISS	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTI WILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
N/A	MANAGER	N/A	Officer	$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	$135,087	$104,794	$245,557	$30,293
2024	$60,649	$75,959	$212,980	$-15,310
2023	$53,757	$71,079	$218,384	$-17,322
2022	$108,971	$83,832	$235,519	$25,139
2021	$20,768	$36,613	$212,024	$-15,845
2020	$66,938	$94,158	$228,361	$-27,220
2019	$81,955	$92,717	$251,263	$-10,762