FORGE INSTITUTE

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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

2019

Legal Domicile

Principal Officer

LEE WATSON

Tax Period

2022-01-01 to 2022-12-31

FORGE INSTITUTE, founded in 2019, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2022.

Mission

To provide educational support for Cyber Security training programs

Program Service Accomplishments

Program 1

Expenses: $754,951 Revenue: $636,959

FORGE FELLOWSHIP-A UNIQUE OPPORTUNITY FOR TRANSITIONING SERVICE MEMBERS TO GAIN SKILLS THAT PREPARE THEM FOR LIFE AFTER MILITARY.

Program 2

Expenses: $507,200 Revenue: $535,449

FORGE ACADEMY - EDUCATIONAL SERVICES

Program 3

Expenses: $259,010 Revenue: $303,992

EMERGING THREAT CENTER-TRUSTED COMMUNITY OF PROFESSIONALS FOCUSING ON IDENTIFYING, UNDERSTANDING AND MITIGATING POTENTIALLY SIGNIFICANT THREATS WITHIN CRITICAL INFRASTRUCTURE, CYBER AND EMERGING...

EMERGING THREAT CENTER-TRUSTED COMMUNITY OF PROFESSIONALS FOCUSING ON IDENTIFYING, UNDERSTANDING AND MITIGATING POTENTIALLY SIGNIFICANT THREATS WITHIN CRITICAL INFRASTRUCTURE, CYBER AND EMERGING TECHNOLOGIES. THIS IS ACCOMPLISHED THROUGH ENHANCED, CONTEXTUAL INFORMATION SHARING AND ANALYTIC COLLABORATION.

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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 (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

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

$280,787

Total Directors

Key Employees

$160,787

Highest Compensated

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