FORREST CITY INDUSTRIAL DEVELOPMENT (EIN 710484063) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

MICHAEL SWAN

Phone

8706331651

Tax Period

2024-01-01 to 2024-12-31

FORREST CITY INDUSTRIAL DEVELOPMENT, founded in 1955, is a small nonprofit that reported $194K in total revenue in fiscal year 2022. Revenue surged 628% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 73% operating margin.

Mission

INDUSTRIAL PARK - BUYING & SELLING LAND TO MAKE INDUSTRIAL SITES AVAILABLEINDUTRIAL RECRUITMENT - CONTACTING & MEETING WITH PROSPECTS

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $111,103

Program Service Revenue $0

Investment Income $28,535

Other Revenue $21,305

TOTAL REVENUE $160,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,752

Other Expenses $91,152

TOTAL EXPENSES $91,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,943	$62,696	+1.6%
Expenses	$91,152	$52,509	+0.7%
Net Income	$69,791	$10,187	+5.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
BRAD DEVAZIER	PAST PRESIDENT	Officer Director	$0	$0	$0
MICHAEL SWAN	PRESIDENT	Officer Director	$0	$0	$0
BRICE FLETCHER	SECRETARY TREASURER	Officer Director	$0	$0	$0
WESTON LEWEY	DIRECTOR	Director	$0	$0	$0
GLENN PATTERSON	DIRECTOR	Director	$0	$0	$0
GREG GIBSON	VICE PRESIDENT	Officer Director	$0	$0	$0
KIRK BILLINGSLEY	DIRECTOR	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	$160,943	$91,152	$1,131,610	$69,791
2023	$62,696	$52,509	$1,061,819	$10,187
2022	$194,179	$51,714	$1,051,632	$142,465

FORREST CITY INDUSTRIAL DEVELOPMENT