TECH FORWARD INC (EIN 850902650) - 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

Phone

4075042378

Tax Period

2023-01-01 to 2023-12-31

TECH FORWARD INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $355K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

HBCU FORWARD The HBCU Forward Program partners with HBCU faculty and career services to introduce college students to SaaS software as a service technologies like Salesforce and the various career paths associated with these technologies. We provide participating HBCUs with technology courses, learning programs as well as career and professional development support to increase workforce readiness for a successful career in tech.

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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 $354,767

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $354,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,828

Fundraising Expenses $0

Program Expenses $309,868

Other Expenses $282,176

TOTAL EXPENSES $346,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$354,767	$258,615	+0.4%
Expenses	$346,004	$262,312	+0.3%
Net Income	$8,763	$-3,697	-3.4%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tiffany Spencer	President	15.00	Officer Director	$0	$0	$0
Stephen Spencer	Executive Dir.	5.00	Officer Director	$0	$0	$0
Cheryl Lackey	Treasurer	5.00	Officer Director	$0	$0	$0
Tony Lackey	Secretary	5.00	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	$354,767	$346,004	$26,551	$8,763
2022	$258,615	$262,312	$18,956	$-3,697

TECH FORWARD INC