Long Beach Forward Inc

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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

2020

Legal Domicile

Phone

5624364800

Tax Period

2023-01-01 to 2023-12-31

Long Beach Forward Inc, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $718K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 180% operating deficit.

Mission

TO CREATE A HEALTHY LONG BEACH WITH LOW-INCOME COMMUNITIES OF COLOR BY BUILDING COMMUNITY KNOWLEDGE, LEADERSHIP, AND POWER.

Program Service Accomplishments

Program 1

Expenses: $379,478 Revenue: $0

BEST START CENTRAL LONG BEACH: BEST START CENTRAL LONG BEACH IS A NETWORK THAT BRINGS PARENTS, CAREGIVERS, COMMUNITY ORGANIZATIONS, AND POLICYMAKERS TOGETHER TO CHANGE POLICIES AND SYSTEMS THAT...

BEST START CENTRAL LONG BEACH: BEST START CENTRAL LONG BEACH IS A NETWORK THAT BRINGS PARENTS, CAREGIVERS, COMMUNITY ORGANIZATIONS, AND POLICYMAKERS TOGETHER TO CHANGE POLICIES AND SYSTEMS THAT IMPROVE THE LIVES OF CHILDREN 0-5 AND THEIR FAMILIES. THE NETWORK FOCUSES ON IMPROVING CHILDCARE ACCESS, HOUSING AND ECONOMIC SECURITY, HEALTHY PARENTING, AND CHILD ABUSE PREVENTION.

Program 2

Expenses: $111,932 Revenue: $13,700

HEALTHY JUSTICE AND EQUITABLE LAND USE: THE GOAL OF THIS PROGRAM IS TO BUILD COMMUNITY KNOWLEDGE ON THE ROOT CAUSES OF HOUSING AND NEIGHBORHOOD INEQUITIES AND WIN POLICIES THAT ADVANCE SAFE AND...

HEALTHY JUSTICE AND EQUITABLE LAND USE: THE GOAL OF THIS PROGRAM IS TO BUILD COMMUNITY KNOWLEDGE ON THE ROOT CAUSES OF HOUSING AND NEIGHBORHOOD INEQUITIES AND WIN POLICIES THAT ADVANCE SAFE AND AFFORDABLE HOUSING, INCLUSIVE AND HEATH-CENTERED ZONING, AND MULTIMODAL TRANSPORTATION ACROSS THE CITY. THE PROGRAM HAS FOCUSES ON REZONING EFFORTS ALONG THE ANAHEIM STREET CORRIDOR, THE DOWNTOWN AND SHORELINE COMMUNITIES, AND TENANT PROTECTION POLICIES CITYWIDE.

Program 3

Expenses: $111,038 Revenue: $0

BEST START COMMUNITY CHANGE PROJECTS: THESE PROJECTS ARE COMMUNITY-LED PROJECTS THAT ARE DESIGNED BY MEMBERS OF BEST START CENTRAL LONG BEACH AND VOTED ON AND FUNDED BY THE ENTIRE BEST START CENTRAL LONG BEACH PARTNERSHIP VIA PARTICIPATORY BUDGETING. ALL THE PROJECTS ADVANCE ONE OF FOUR GOALS IN THE COLLECTIVE COMMUNITY CHANGE AGENDA THROUGH POLICY AND SYSTEMS CHANGE. THIS ROUND OF PROJECTS INCLUDED FATHERS FIRST, TEACHING AND EMPOWERING TENANTS, LEADERS FOR CHANGE, HOME VISITATION COLLAORATIVE AND SOCIAL MEDIA SAFETY.

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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 $671,402

Program Service Revenue $45,808

Investment Income $387

Other Revenue $0

TOTAL REVENUE $717,597

Expense Breakdown

Grants Paid $64,415

Salaries & Benefits $1,382,998

Fundraising Expenses $208,089

Program Expenses $1,373,452

Other Expenses $561,496

TOTAL EXPENSES $2,008,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,597	$2,807,834	-0.7%
Expenses	$2,008,909	$1,543,628	+0.3%
Net Income	$-1,291,312	$1,264,206	-2.0%

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

$82,602

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SUAZO	EXECUTIVE DIRECTOR	45.00	Officer	$82,602	$0	$82,602
Cesar Armendariz	CHAIR	1.00	Officer Director	$0	$0	$0
Kathleah Pagdilao	VICE CHAIR	1.00	Officer Director	$0	$0	$0
Devante Lindsey	TREASURER	1.00	Officer Director	$0	$0	$0
MAY LIN	SECRETARY	1.00	Officer Director	$0	$0	$0
Andrew Hausserman	BOARD MEMBER	1.00	Director	$0	$0	$0
Lilia Ocampo	BOARD MEMBER	1.00	Director	$0	$0	$0
Katie Balderas	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX NORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY WATSON	BOARD MEMBER	1.00	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	$717,597	$2,008,909	$296,390	$-1,291,312
2022	$2,807,834	$1,543,628	$1,529,695	$1,264,206