FORWARD ARTS FOUNDATION INC (EIN 586048113) - 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

1965

Legal Domicile

Principal Officer

TRACEY DEROSA

Phone

4042619855

Tax Period

2024-07-01 to 2025-06-30

FORWARD ARTS FOUNDATION INC, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $642K, a strong 19% operating margin.

Mission

SINCE ITS FOUNDING, THE FORWARD ARTS FOUNDATION HAS PROVIDED SIGNIFICANT SUPPORT TO THE VISUAL ARTS IN ATLANTA, GA, INCLUDING: (I) LEADERSHIP GRANTS FOR ART EXHIBITIONS, (II) DONATIONS FOR SPECIFIC ART ACQUISITIONS BY OTHER LOCAL PUBLICLY SUPPORTED ARTS ORGANIZATIONS, AND (III) ANNUAL SCHOLARSHIPS FOR LOCAL ARTISTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,315,223

Program Service Revenue $0

Investment Income $265,593

Other Revenue $1,772,958

TOTAL REVENUE $3,353,774

Expense Breakdown

Grants Paid $245,000

Salaries & Benefits $1,391,335

Fundraising Expenses $30,533

Program Expenses $2,470,750

Other Expenses $1,075,743

TOTAL EXPENSES $2,712,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,353,774	$3,098,202	+0.1%
Expenses	$2,712,078	$2,536,942	+0.1%
Net Income	$641,696	$561,260	+0.1%

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

100

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
CAM KELLETT	BOARD MEMBER, AT LARGE	1.00	Director	$0	$0	$0
CLAYTON HOWELL	BOARD MEMBER, VOLUNTEER ACT CHAIR	1.00	Director	$0	$0	$0
ELEANOR RATCHFORD	CHAIRMAN	25.00	Officer Director	$0	$0	$0
ELIZABETH LONG	BOARD MEMBER, RESTAURANT CHAIR	1.00	Director	$0	$0	$0
KAREN H'DOUBLER	CHAIR ELECT	5.00	Director	$0	$0	$0
LANDON LANIER	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA NUNNALLY	BOARD MEMBER, MEMBERSHIP PRGM CHAIR	1.00	Director	$0	$0	$0
LEIGH POLLARD	BOARD MEMBER, GIFT SHOP CHAIR	1.00	Director	$0	$0	$0
LIZA JANCIK	BOARD MEMBER, MEMBERSHIP CHAIR	1.00	Director	$0	$0	$0
MARY JOHNSON	BOARD MEMBER, EDGE AWARD	1.00	Director	$0	$0	$0
MARY SUSAN WHEELER	BOARD MEMBER, COMM. RELATI	1.00	Director	$0	$0	$0
TRACEY DEROSA	TREASURER	15.00	Officer Director	$0	$0	$0
GEORGANNA HOWEL	BOARD MEMBER, ART GALLARY CHAIR	1.00	Director	$0	$0	$0
WIMBERLY MCPHAIL	BOARD MEMBER, ART GALLARY CHAIR	4.00	Director	$0	$0	$0
MARY KATHERINE GREENE	BOARD MEMBER, BLDG & GRNDS CHAIR	1.00	Director	$0	$0	$0
LISSA PRYOR	BOARD MEMBER, MKTG CHAIR	1.00	Director	$0	$0	$0
CAROLINE VROON	BOARD MEMBER, GOVERNANCE CHAIR	1.00	Director	$0	$0	$0
ROBIN CROFT	BOARD MEMBER, AT LARGE	1.00	Director	$0	$0	$0
ROBIN HOWELL	BOARD MEMBER, AT LARGE	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
2025	$3,353,774	$2,712,078	$8,170,018	$641,696
2024	$3,098,202	$2,536,942	$7,349,580	$561,260
2023	$2,616,724	$2,140,205	$6,814,755	$476,519
2022	$2,883,622	$1,752,089	$6,263,507	$1,131,533
2021	$1,459,722	$1,513,118	$5,804,080	$-53,396
2020	$1,648,904	$2,014,661	$5,240,641	$-365,757
2019	$2,141,835	$1,777,517	$5,427,605	$364,318
2018	$2,068,442	$2,118,623	$5,102,332	$-50,181

FORWARD ARTS FOUNDATION INC