FORSYTH ECONOMIC VENTURES INC (EIN 561831053) - 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

1993

Legal Domicile

Principal Officer

KEVIN CHESHIRE

Phone

3367278500

Tax Period

2023-10-01 to 2024-09-30

FORSYTH ECONOMIC VENTURES INC, founded in 1993, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO FACILITATE THE ORGANIZATION AND ADMINISTRATION OF INNOVATIVE PROJECTS TO PROVIDE HOUSING FOR PERSON OF LOW AND MODERATE INCOME AND IMPROVE THEIR QUALITY OF LIFE.

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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 $0

Program Service Revenue $1,336,719

Investment Income $-21,000

Other Revenue $66,507

TOTAL REVENUE $1,382,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,354

Fundraising Expenses $0

Program Expenses $1,765,890

Other Expenses $1,600,536

TOTAL EXPENSES $1,765,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,382,226	$1,666,695	-0.2%
Expenses	$1,765,890	$1,512,116	+0.2%
Net Income	$-383,664	$154,579	-3.5%

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

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

$281,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW PERKINS	CHAIR	2.00	Director	$0	$0	$0
BETSY ANNESE	VICE CHAIR	2.00	Director	$0	$0	$0
WILLIAM ROSE	DIRECTOR	2.00	Director	$0	$0	$0
ART GIBEL	DIRECTOR	2.00	Director	$0	$0	$0
KATHY STITTS	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR DARK	DIRECTOR	2.00	Director	$0	$0	$0
FELICIA BRINSON	DIRECTOR	2.00	Director	$0	$0	$0
VIVIAN PEREZ CHANDLER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN CHESHIRE	SECRETARY/TREASURER	2.00	Officer	$0	$46,419	$281,655

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	$1,382,226	$1,765,890	$6,991,152	$-383,664
2023	$1,666,695	$1,512,116	$7,144,584	$154,579
2022	$1,405,153	$1,541,256	$7,226,365	$-136,103
2021	$1,557,619	$1,267,137	$6,068,972	$290,482
2020	$1,231,883	$1,368,248	$6,064,098	$-136,365
2019	$1,187,713	$1,310,464	$6,347,522	$-122,751
2018	$1,146,311	$1,459,722	$6,533,584	$-313,411

FORSYTH ECONOMIC VENTURES INC