THE FORGE NASHVILLE

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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

2017

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THE FORGE NASHVILLE, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $714K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $660K left a modest 8% surplus.

Mission

TO GIVE MORE PEOPLE AFFORDABLE ACCESS TO THE PROFESSIONAL TOOLS, SPACE, AND SUPPORT THEY NEED TO SUCCEED AS MAKERS AND ARTISTS, AND TO PROVIDE NEW OPPORTUNITIES TO YOUTH IN UNDERSERVED COMMUNITIES WITH SCHOLARSHIP PROGRAMS AND MENTORSHIP.

Program Service Accomplishments

Program 1

Expenses: $591,509 Revenue: $469,797

PROVIDED OVER 200 ARTISTS AND MAKERS WITH SUBSIDIZED ACCESS TO THE TOOLS AND SPACE THEY NEED TO SUCCEED; GRANTED 6 LOCAL EMERGING ARTISTS IN NEED WITH 12 MONTHS OF SCHOLARSHIP STUDIO SPACE...

PROVIDED OVER 200 ARTISTS AND MAKERS WITH SUBSIDIZED ACCESS TO THE TOOLS AND SPACE THEY NEED TO SUCCEED; GRANTED 6 LOCAL EMERGING ARTISTS IN NEED WITH 12 MONTHS OF SCHOLARSHIP STUDIO SPACE, MENTORSHIP, AND A SOLO SHOW IN OUR GALLERY; SERVED OVER 300 OF NASHVILLES MOST AT-RISK YOUTH WITH MULTIDISCIPLINARY, HANDS-ON, PROJECT BASED LEARNING WITHIN STEAM CURRICULUM GUIDELINES, AND PROVIDED MEETING SPACE FOR NASHVILLES CREATIVE COMMUNITY.

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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 $226,786

Program Service Revenue $469,797

Investment Income $625

Other Revenue $16,802

TOTAL REVENUE $714,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,561

Fundraising Expenses $0

Program Expenses $591,509

Other Expenses $472,213

TOTAL EXPENSES $659,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$714,010	$472,301	+0.5%
Expenses	$659,774	$640,329	+0.0%
Net Income	$54,236	$-168,028	-1.3%

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

165

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

$53,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN HEWGLEY	EXECUTIVE DIRECTOR	40.00	Officer	$53,898	$0	$53,898
NICK GEORGIOU	BOARD MEMBER	1.00	Director	$0	$0	$0
WALTER LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY HEEREN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES HEWGLEY	CHAIRPERSON	6.00	Officer Director	$0	$0	$0
ROGER CONNER	TREASURER	15.00	Officer Director	$0	$0	$0
MICHAEL LUDWIG	SECRETARY	10.00	Officer 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	No data	No data	No data	No data
2023	$714,010	$659,774	$454,321	$54,236
2022	$472,301	$640,329	$114,204	$-168,028
2021	$360,558	$569,685	$279,266	$-209,127
2020	$150,521	$170,083	$143,477	$-19,562
2019	$252,416	$225,111	$51,439	$27,305