Forge Greensboro

EIN: 462346843 501(c)(3) Community Improvement

Greensboro, NC

Total Revenue
$611,314
Total Expenses
$655,076
Total Assets
$389,389
Net Assets
$131,023
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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
2013
Legal Domicile
NC
Principal Officer
Tiffany Jacobs
Phone
3362525331
Tax Period
2024-07-01 to 2025-06-30

Forge Greensboro, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $611K in total revenue in fiscal year 2024.

Mission

Like a gym for makers, The Forge is a haven for inventors, students, entrepreneurs, artisans, trade professionals, tinkerers, and hobbyists. Members gain access to tools, equipment, and workspace, and classes to learn new skills.

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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 $351,833
Program Service Revenue $247,627
Investment Income $3
Other Revenue $11,851
TOTAL REVENUE $611,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $270,495
Fundraising Expenses $60,825
Program Expenses $486,618
Other Expenses $384,581
TOTAL EXPENSES $655,076

Year-over-Year Comparison

2024 2023 Change
Revenue $611,314 $639,413 0.0%
Expenses $655,076 $552,020 +0.2%
Net Income $-43,762 $87,393 -1.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
9
Volunteers
60

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
5
$88,678
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joey Adams President 1.00
Officer Director
$0 $0 $0
Erol Yurtkuran Vice President 1.00
Officer Director
$0 $0 $0
Boyce Collins Secretary 1.00
Officer Director
$0 $0 $0
Art Winstead Treasurer 1.00
Officer Director
$0 $0 $0
Melissa Smith Board member at large 1.00
Director
$0 $0 $0
Sara Heredia Board member at large 1.00
Director
$0 $0 $0
Andy Zimmerman Board member at large 1.00
Director
$0 $0 $0
Greg Chabon Board member at large 1.00
Director
$0 $0 $0
Laurie Friedrich-Bargebuhr Board member at large 1.00
Director
$0 $0 $0
Anthony Banks Board member at large 1.00
Director
$0 $0 $0
Joe Rotondi Board member at large 1.00
Director
$0 $0 $0
Tiffany Jacobs Executive Director 50.00
Officer
$82,500 $6,178 $88,678
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 $611,314 $655,076 $389,389 $-43,762
2024 No data No data No data No data
2023 $448,207 $462,321 $241,783 $-14,114
2022 $264,794 $410,268 $168,463 $-145,474
2021 $393,090 $356,107 $208,971 $36,983
2020 $259,544 $299,219 $256,796 $-39,675
2019 $298,323 $222,768 $227,988 $75,555
2018 $266,607 $179,222 $246,549 $87,385
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