RACE FORWARD ACTION INC (EIN 920898880) - 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

2022

Legal Domicile

Principal Officer

GLENN HARRIS

Phone

2125137925

Tax Period

2024-01-01 to 2024-12-31

RACE FORWARD ACTION INC, founded in 2022, is a small nonprofit in the Civil Rights & Advocacy sector that reported $408K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $619K exceeded revenue, resulting in a 52% operating deficit.

Mission

RACE FORWARD ACTION WILL DEFEND AND ADVANCE A JUST, MULTIRACIAL DEMOCRACY BY CULTIVATING THE ADVOCACY AND ELECTORAL POWER OF PEOPLE OF COLOR TO CATALYZE A MOVEMENT FOR RACIAL JUSTICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,044

Program Service Revenue $308,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $408,044

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $32,629

Program Expenses $474,734

Other Expenses $559,187

TOTAL EXPENSES $619,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,044	$506,000	-0.2%
Expenses	$619,187	$72,832	+7.5%
Net Income	$-211,143	$433,168	-1.5%

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

N/A

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

$326,762

Total Directors

$326,762

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN HARRIS	SECRETARY	1.00	Officer Director	$0	$35,568	$326,762
SULMA ARIAS	DIRECTOR	1.00	Director	$0	$0	$0
LEEANN HALL	TREASURER	1.00	Officer Director	$0	$0	$0
LARRY KLEINMAN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
RALPH REMINGTON	DIRECTOR	1.00	Director	$0	$0	$0
SEAN THOMAS-BREITFELD	CO-CHAIR (SE	1.00	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	$408,044	$619,187	$320,181	$-211,143
2023	$506,000	$72,832	$506,631	$433,168

RACE FORWARD ACTION INC