FOREST FORWARD

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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

Principal Officer

ELIZABETH WATTLEY

Phone

4696769567

Tax Period

2023-01-01 to 2023-12-31

FOREST FORWARD is a community nonprofit in the Community Improvement sector that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 71% operating margin.

Mission

Forest Forward works with the community to combat the causes and effects of systemic inequities through neighborhood revitalization that centers efforts to accelerate the advancement of marginalized people. The centerpoint of the project is the restoration and renovation of the historic Forest Theater in South Dallas.

Program Service Accomplishments

Program 1

Expenses: $1,247,907

Forest Theater Project Preserving our cultural identity and providing opportunityThe Forest Theater, once known for its marquee and beckoning lights, will be restored yielding 45,000 square feet...

Forest Theater Project Preserving our cultural identity and providing opportunityThe Forest Theater, once known for its marquee and beckoning lights, will be restored yielding 45,000 square feet dedicated to four critical spaces:Concert HallCreative Laboratory-13,000 square feet of space to house movement and recording studio, flex space, resource center, sensory immersion room, artist classrooms, and labsRoof DeckStudio TheaterCradle to College Education Pathway & Community Outreach - A multi-year public-private partnership with the Dallas Independent School District has been established to advance educational opportunities by providing student access to the restored Forest Theater and its component features such as the sensory immersion room, studio theater with ability to convert for animation and CGI technology, and podcast, broadcast, and recording studio.Through this partnership, the Dr. Martin Luther King Center has been transformed into the Dr. Martin Luther King, Jr. Arts Academy, extending its curricular offerings from Pre-K through the eighth grade.Housing - Understanding that neighborhoods are impacted by their housing stock, Forest Forward works to establish collaborative relationships to support the development and construction of mixed-income housing. The approach to housing creation will focus on no displacement of residents and preserving affordability.

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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 $7,851,097

Program Service Revenue $0

Investment Income $0

Other Revenue $5,312

TOTAL REVENUE $7,856,409

Expense Breakdown

Grants Paid $30,442

Salaries & Benefits $781,305

Fundraising Expenses $634,964

Program Expenses $1,247,907

Other Expenses $1,477,240

TOTAL EXPENSES $2,288,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,856,409	$2,958,247	+1.7%
Expenses	$2,288,987	$1,541,870	+0.5%
Net Income	$5,567,422	$1,416,377	+2.9%

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

127

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

$190,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH WATTLEY	President & CEO	40.00	Officer	$190,000	$0	$190,000
ALICIA PEOPLES	CHIEF DEV. OFFICER	40.00		$120,000	$0	$120,000
CHRIS DOWDY	VP OF STRATEGY	40.00		$120,000	$0	$120,000
LARRY JAMES	Director	0.25	Director	$0	$0	$0
MATRICE ELLIS-KIRK	Chairman	4.00	Officer Director	$0	$0	$0
JON HALBERT	Director	0.25	Director	$0	$0	$0
LINDA HALBERT	Director	0.25	Director	$0	$0	$0
GILBERT GERST	Secretary	0.25	Officer Director	$0	$0	$0
REV MATTHEW RUFFNER	Director	0.25	Director	$0	$0	$0
FROSWA BOOKER-DREW	Director	0.25	Director	$0	$0	$0
DIANE RAGSDALE	Treasurer	0.25	Officer Director	$0	$0	$0
RABBI DAVID STERN	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	$7,856,409	$2,288,987	$24,355,200	$5,567,422
2022	$2,958,247	$1,541,870	$10,740,283	$1,416,377
2021	$2,703,993	$1,315,223	$6,879,526	$1,388,770