FORSTER FOUNDATION INC (EIN 611756830) - 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

2015

Legal Domicile

Principal Officer

WILLIAM A FORSTER

Phone

5612513774

Tax Period

2024-01-01 to 2024-12-31

FORSTER FOUNDATION INC, founded in 2015, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $37K in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $101K exceeded revenue, resulting in a 170% operating deficit.

Mission

THE FOUNDATION HAS PROMOTED ITS OPERATIONS AS THE MIRACLE MISSION. DURING 2022 THE FOUNDATION INITIATED ITS SHOE BY SHOE NATIONAL PROGRAM PROVIDING SHOES AND SOCKS TO NEEDY CHILDREN THROUGHOUT FLORIDA; 38,000 PAIRS OF SHOES ANS 50,000 PAIRS OF SOCKS WERE DISTRIBUTED

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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 $31,337

Program Service Revenue $0

Investment Income $6,144

Other Revenue $0

TOTAL REVENUE $37,481

Expense Breakdown

Grants Paid $92,902

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,902

Other Expenses $8,305

TOTAL EXPENSES $101,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,481	$17,832	+1.1%
Expenses	$101,207	$119,386	-0.2%
Net Income	$-63,726	$-101,554	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM A FORSTER	CEO	30.00	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	$37,481	$101,207	$136,903	$-63,726
2023	$17,832	$119,386	$206,964	$-101,554
2022	$322,201	$289,869	$294,486	$32,332
2021	$90,937	$336,152	$270,874	$-245,215
2020	$159,085	$212,154	$517,783	$-53,069
2019	$621,532	$133,647	$550,292	$487,885
2018	$179,098	$198,867	$56,416	$-19,769

FORSTER FOUNDATION INC