482 FORWARD (EIN 473537426) - 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

2016

Legal Domicile

Principal Officer

JAMILA MARTIN

Phone

3134443198

Tax Period

2023-01-01 to 2023-12-31

482 FORWARD, founded in 2016, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

WE ARE CREATING A DETROIT WHERE EVERY STUDENT GRADUATES READY TO BECOME A FULLY ENGAGED PARTICIPANT IN THE WORLD, EQUIPPED WITH THE CHARACTER AND THE CAPACITY TO NEGOTIATE HIS/HER ENVIRONMENT AND CHANGE IT FOR THE BETTER.

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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 $1,864,709

Program Service Revenue $0

Investment Income $43,672

Other Revenue $0

TOTAL REVENUE $1,908,381

Expense Breakdown

Grants Paid $219,500

Salaries & Benefits $1,189,041

Fundraising Expenses $112,651

Program Expenses $1,738,973

Other Expenses $730,149

TOTAL EXPENSES $2,138,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,908,381	$1,707,700	+0.1%
Expenses	$2,138,690	$1,743,057	+0.2%
Net Income	$-230,309	$-35,357	+5.5%

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

N/A

Volunteers

500

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

$63,891

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY SWEENEY	EXECUTIVE DI	30.00	Officer	$63,891	$0	$63,891
JAMILA MARTIN	INTERIM PRES	15.00	Officer Director	$0	$0	$0
MAURICE BP-WEEKS	MEMBER	1.00	Director	$0	$0	$0
TINU ROLAND	MEMBER	1.00	Director	$0	$0	$0
MARILYN BALL	MEMBER	1.00	Director	$0	$0	$0
EMILY GONZALEZ	MEMBER	1.00	Director	$0	$0	$0
JESSICA MASON	MEMBER	1.00	Director	$0	$0	$0
JAYESH PATEL	MEMBER	1.00	Director	$0	$0	$0
KELSEY WILEY	MEMBER	1.00	Director	$0	$0	$0
YOLANDA ZAYAS	MEMBER	1.00	Director	$0	$0	$0
LARRY SIMMONS	MEMBER	1.00	Director	$0	$0	$0
MARIA SALINAS	MEMBER	1.00	Director	$0	$0	$0
CHRISTINE BELL	MEMBER	1.00	Director	$0	$0	$0
ANGELA REYES	MEMBER	1.00	Director	$0	$0	$0
DARYL HARRIS	MEMBER	1.00	Director	$0	$0	$0
RIMA MEROUEH	MEMBER	1.00	Director	$0	$0	$0
KIM JOHNSON	MEMBER	1.00	Director	$0	$0	$0
SIRRITA DARBY	MEMBER	1.00	Director	$0	$0	$0
CINDY EGGLETON	MEMBER	1.00	Director	$0	$0	$0
BRANDEN SNYDER	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE COBB-JOHNSON	MEMBER	1.00	Director	$0	$0	$0
HELENA LAZO	MEMBER	1.00	Director	$0	$0	$0
INES DE JESUS	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,908,381	$2,138,690	$1,603,502	$-230,309
2022	$1,707,700	$1,743,057	$1,694,024	$-35,357
2021	$1,630,441	$1,145,271	$1,642,868	$485,170
2020	$1,410,371	$833,715	$1,157,698	$576,656
2019	$604,861	$635,334	$581,042	$-30,473
2018	$583,624	$496,669	$611,515	$86,955

482 FORWARD