FOREST CITY ENTERTAINMENT INC

EIN: 455133033 501(c)(3) Youth Development

FOREST CITY, IA

Total Revenue
$135,087
Total Expenses
$104,794
Total Assets
$245,557
Net Assets
$221,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IA
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.

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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%)

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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

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Governance

Voting Members
10
Independent Members
10
Employees
3
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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