FORGE INSTITUTE

EIN: 832881485 501(c)(3) Education

Little Rock, AR

Total Revenue
$1,794,787
Total Expenses
$1,807,800
Total Assets
$619,543
Net Assets
$536,833
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AR
Principal Officer
LEE WATSON
Tax Period
2022-01-01 to 2022-12-31

FORGE INSTITUTE, founded in 2019, is a small nonprofit in the Education sector that reported $587K in total revenue in fiscal year 2019. The organization ran a surplus of $232K, a strong 39% operating margin.

Mission

To provide educational support for Cyber Security training programs

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Trantor Score

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

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $725,397
Program Service Revenue $1,067,650
Investment Income $0
Other Revenue $1,740
TOTAL REVENUE $1,794,787

Expense Breakdown

Grants Paid $0
Salaries & Benefits $779,379
Fundraising Expenses $0
Program Expenses $1,524,754
Other Expenses $1,028,421
TOTAL EXPENSES $1,807,800

Year-over-Year Comparison

2022 2021 Change
Revenue $1,794,787 N/A N/A
Expenses $1,807,800 N/A N/A
Net Income $-13,013 N/A N/A
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

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Governance

Voting Members
2
Independent Members
2
Employees
20
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
2
$280,787
Total Directors
0
$0
Key Employees
1
$160,787
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE WATSON CEO 40.00
Officer Key Emp
$160,787 $0 $160,787
SCOTT ANDERSON EXECUTIVE DIRECTOR 40.00
Officer
$120,000 $0 $120,000
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
2022 $1,794,787 $1,807,800 $619,543 $-13,013
2021 $840,197 $795,904 $364,890 $44,293
2020 $645,541 $559,862 $324,256 $85,679
2019 $586,619 $355,007 $232,424 $231,612
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