FORGE INC

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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

1988

Legal Domicile

Principal Officer

JAMES MORGAN

Phone

4797381585

Tax Period

2024-10-01 to 2025-09-30

FORGE INC, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 10% surplus.

Mission

TO ASSIST IN LONG TERM ECONOMIC GROWTH AND REVITALIZATION OF RURAL COMMUNITIES AND FARM RELATED ENTERPRISES IN THE OZARK REGION OF ARKANSAS, MISSOURI, OKLAHOMA, AND LOUISIANA.

Program Service Accomplishments

Program 1

Expenses: $1,252,626 Revenue: $17,404

PROVIDED LOANS TO SMALL BUSINESSES AND AGRICULTURAL ENTERPRISES IN ACCORDANCE WITH THE EXEMPT FUNCTION AND MISSION OF THE ORGANIZATION: PROVIDED EDUCATIONAL ASSISTANCE AND TRAINING TO SMALL...

PROVIDED LOANS TO SMALL BUSINESSES AND AGRICULTURAL ENTERPRISES IN ACCORDANCE WITH THE EXEMPT FUNCTION AND MISSION OF THE ORGANIZATION: PROVIDED EDUCATIONAL ASSISTANCE AND TRAINING TO SMALL BUSINESSES AND AGRICULTURAL ENTERPRISES IN ACCORDANCE WITH THE EXEMPT FUNCTION AND MISSION OF THE ORGANIZATION. FORGE MADE 34 LOANS TOTALING 1,011,121.52 TO SMALL BUSINESSES AND AGRICULTURAL ENTERPRISES, INCLUDING 14 LOANS (41%) TO MINORITY ENTREPRENEURS, 14 LOANS (41%) TO WOMEN, AND 4 LOANS (12%) TO VETERANS. 16 LOANS WERE TO LOW-INCOME BORROWERS. 8 LOANS WERE IN RURAL CENSUS TRACTS. THE FORGE LOAN PORTFOLIO CONSISTS OF 361 INDIVIDUAL LOANS VALUED AT 5,157,449.

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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 $1,317,231

Program Service Revenue $17,404

Investment Income $397,209

Other Revenue $0

TOTAL REVENUE $1,731,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $885,396

Fundraising Expenses $65,736

Program Expenses $1,252,626

Other Expenses $676,410

TOTAL EXPENSES $1,561,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,731,844	$1,468,312	+0.2%
Expenses	$1,561,806	$2,289,190	-0.3%
Net Income	$170,038	$-820,878	-1.2%

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

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
HERB CULVER	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA FRITTS	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
GREG MODICA	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MORGAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY SANCHEZ	DIRECTOR	2.00	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	$1,731,844	$1,561,806	$10,296,262	$170,038
2024	$1,468,312	$2,289,190	$11,375,673	$-820,878
2023	$2,241,893	$2,146,255	$12,877,023	$95,638
2022	$1,965,897	$1,628,375	$11,064,924	$337,522
2021	$2,246,755	$1,110,220	$10,015,357	$1,136,535
2020	$1,553,352	$821,269	$9,139,095	$732,083
2019	$1,384,909	$712,002	$8,005,319	$672,907
2018	$579,068	$392,987	$7,211,168	$186,081