FORGOTTEN COAST FITNESS AND WELLNE… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

RENE CANDELIER

Phone

8506531201

Tax Period

2022-01-01 to 2022-12-31

FORGOTTEN COAST FITNESS AND WELLNESS CENTER INC, founded in 2014, is a micro nonprofit in the Recreation & Sports sector that reported $95K in total revenue in fiscal year 2022. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $86K left a modest 9% surplus.

Mission

TO EFFECT LONG-LASTING CHANGE THAT WILL POSITIVELY IMPACT CITIZENS AND VISITORS TO FRANKLIN COUNTY BY PROVIDING A MEANS TO ACHIEVE AND MAINTAIN WELLNESS AND FITNESS GOALS.

Program Service Accomplishments

Program 1

Expenses: $81,692

OPERATE A COMMUNITY-BASED FITNESS AND WELLNESS CENTER, IMPROVE QUALITY OF LIFE IN FRANKLIN COUNTY BY EXPANDING AWARENESS AND PARTNER WITH HEALTH AND NUTRITION ORGANIZATIONS AND INDIVIDUALS TO PROVIDE...

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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 (2022)

Revenue Breakdown

Contributions & Grants $94,678

Program Service Revenue $0

Investment Income $146

Other Revenue $162

TOTAL REVENUE $94,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,898

Fundraising Expenses $0

Program Expenses $81,692

Other Expenses $31,574

TOTAL EXPENSES $86,472

Year-over-Year Comparison

	2022	2021	Change
Revenue	$94,986	$70,686	+0.3%
Expenses	$86,472	$58,810	+0.5%
Net Income	$8,514	$11,876	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN BACHRACH	DIRECTOR	0.83	Director	$0	$0	$0
JIM JONES	DIRECTOR	0.83	Director	$0	$0	$0
KUNG LI	DIRECTOR	0.83	Director	$0	$0	$0
MICHAEL BILLINGS	SECRETARY	0.83	Officer	$0	$0	$0
RENE CANDELIER	TREASURER	0.83	Officer	$0	$0	$0
KARA LANDISS	VICE PRES	0.83	Officer	$0	$0	$0
MELVIN MYERS	PRESIDENT	0.83	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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$94,986	$86,472	$70,495	$8,514

FORGOTTEN COAST FITNESS AND WELLNESS CENTER INC