SPRINGFORWARD

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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

TOM LOFTIS

Phone

9373248773

Tax Period

2024-01-01 to 2024-12-31

SPRINGFORWARD, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $138K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 655% operating deficit.

Mission

TO AID IN THE ECONOMIC DEVELOPMENT, REVITALIZATION, AND ELIMINATION OF BLIGHT IN THE CITY OF SPRINGFIELD AND THE CITY'S CORE DOWNTOWN AREA.

Program Service Accomplishments

Program 1

Expenses: $1,020,130 Revenue: $55,660

ECONOMICALLY DEVELOP DOWNTOWN SPRINGFIELD, OHIO BY FUNDRAISING AND MAKING LOANS AND GRANTS THAT ENABLE SUCH DEVELOPMENT.

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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 $46,500

Program Service Revenue $55,660

Investment Income $30,186

Other Revenue $5,175

TOTAL REVENUE $137,521

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,020,130

Other Expenses $38,936

TOTAL EXPENSES $1,038,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,521	$149,486	-0.1%
Expenses	$1,038,936	$1,046,543	0.0%
Net Income	$-901,415	$-897,057	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM LOFTIS	CHAIR	2.00	Officer Director	$0	$0	$0
MIKE MCDORMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER HUTCHINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM GROSHANS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LANDESS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN CAREY	BOARD MEMBER	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
2024	$137,521	$1,038,936	$3,346,892	$-901,415
2023	$149,486	$1,046,543	$4,248,307	$-897,057
2022	$93,068	$87,312	$5,145,364	$5,756
2021	$1,252,534	$52,553	$5,139,802	$1,199,981
2020	$238,060	$169,543	$3,939,665	$68,517
2019	$498,313	$8,035,846	$3,821,110	$-7,537,533
2018	$772,614	$143,393	$11,350,567	$629,221