FORTIS CAPITAL (EIN 842716465) - Form 990 Financial Analysis & Trantor Score

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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

BRIAN K SMITH

Phone

6123891800

Tax Period

2023-01-01 to 2023-12-31

FORTIS CAPITAL, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 1399% from the prior year, signaling strong growth momentum. The organization ran a surplus of $671K, a strong 48% operating margin.

Mission

FORTIS CAPITAL IS ENGAGED IN ECONOMIC DEVELOPMENT FINANCE IN THE AREA OF MINNEAPOLIS - SAINT PAUL, MINNESOTA, WITH AN EMPHASIS ON PROVIDING ACCESS TO CAPITAL FOR BUSINESSES OWNED BY PERSONS OF COLOR AND IN CHALLENGED COMMUNITIES.

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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 $1,279,288

Program Service Revenue $106,193

Investment Income $7,247

Other Revenue $0

TOTAL REVENUE $1,392,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,764

Fundraising Expenses $16,759

Program Expenses $651,064

Other Expenses $602,777

TOTAL EXPENSES $721,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,392,728	$92,915	+14.0%
Expenses	$721,541	$82,602	+7.7%
Net Income	$671,187	$10,313	+64.1%

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

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

$110,784

Total Directors

$110,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN K SMITH	CHIEF EXECUTIVE OFFICER	35.00	Officer Director	$50,000	$3,320	$53,320
JAMES E TERRELL	PRESIDENT & CHIEF OPERATING OFFICER	35.00	Officer Director	$50,000	$7,464	$57,464
SHAWN G HUCKLEBY	DIRECTOR	0.25	Director	$0	$0	$0
ANDREA L LARSON	DIRECTOR	0.25	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	$1,392,728	$721,541	$2,995,170	$671,187
2022	$92,915	$82,602	$2,549,545	$10,313
2021	$31,097	$30,279	$1,275,270	$818

FORTIS CAPITAL