FORT BEND FORWARD 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

2009

Legal Domicile

Principal Officer

KERI SCHMIDT

Phone

2814910800

Tax Period

2023-01-01 to 2023-12-31

FORT BEND FORWARD INC, founded in 2009, is a small nonprofit in the Education sector that reported $357K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $310K left a modest 13% surplus.

Mission

THE MISSION OF FORT BEND FORWARD IS TO PROVIDE RESOURCES TO MEET THE LITERARY, CULTURAL, EDUCATIONAL AND HEALTH NEEDS OF THE GREATER FORT BEND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $174,750

PROVIDE SCHOLARSHIP GRANTS TO SCHOOLS AND OTHER ORGANIZATIONS COMMITTED TO THE DEVELOPMENT OF FORT BEND COUNTY.

Program 2

Expenses: $91,765 Revenue: $59,513

TO PROVIDE A FORUM TO THOSE INDIVIDUALS WANTING TO LEARN AND DEVELOP SKILLS TO ENHANCE THE SUCCESS OF THE ORGANIZATIONS THEY LEAD IN FORT BEND COUNTY.

Program 3

Expenses: $43,703

THE YOUTH IN PHILANTHROPY PROGRAM BRINGS TOGETHER 200 JUNIORS AND SENIORS FROM ACROSS FORT BEND COUNTY TO GROW AS LEADERS AND LEARN ABOUT THE NONPROFIT SECTOR.

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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 $297,694

Program Service Revenue $59,513

Investment Income $0

Other Revenue $0

TOTAL REVENUE $357,207

Expense Breakdown

Grants Paid $174,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $310,218

Other Expenses $135,468

TOTAL EXPENSES $310,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,207	$297,134	+0.2%
Expenses	$310,218	$278,939	+0.1%
Net Income	$46,989	$18,195	+1.6%

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

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

$285,783

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QIARA SUGGS	CHAIR	0.25	Officer	$0	$0	$0
KING BANERJEE	IMMEDIATE PAST CHAIR	0.25	Officer	$0	$0	$0
JIM RICE	INCOMING CHAIR	0.25	Officer	$0	$0	$0
KEITH BORGFELDT	TREASURER	0.25	Officer	$0	$0	$0
TARIQ ZAFAR	LEGAL COUNSEL	0.25	Officer	$0	$0	$0
KERI SCHMIDT	PRESIDENT AND CEO	0.25	Officer	$0	$9,606	$285,783

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	No data	No data	No data	No data
2023	$357,207	$310,218	$427,152	$46,989
2022	$297,134	$278,939	$380,163	$18,195
2021	$358,244	$155,201	$361,968	$203,043
2020	$101,200	$269,233	$172,925	$-168,033
2019	$358,482	$326,116	$326,958	$32,366
2018	$316,240	$374,382	$296,592	$-58,142