FOREST INDUSTRIES TELECOMMUNICATIONS INC (EIN 930363587) - 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

1975

Legal Domicile

Principal Officer

DAVID SMITH

Phone

5414858441

Tax Period

2023-01-01 to 2023-12-31

FOREST INDUSTRIES TELECOMMUNICATIONS INC, founded in 1975, is a small nonprofit that reported $522K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $479K left a modest 8% surplus.

Mission

REPRESENT FOREST PRODUCTS AND LICENSED TWO WAY ENTITIES TO THE FCC AND ASSIST THE ORDERLY LICENSING PER FCC RULES.

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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 $0

Program Service Revenue $502,989

Investment Income $19,076

Other Revenue $0

TOTAL REVENUE $522,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,699

Fundraising Expenses $0

Program Expenses $328,294

Other Expenses $137,056

TOTAL EXPENSES $478,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$522,065	$462,092	+0.1%
Expenses	$478,755	$422,460	+0.1%
Net Income	$43,310	$39,632	+0.1%

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

$105,079

Total Directors

$105,079

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SMITH	EXEC VICE PRESIDENT	40.00	Officer Director	$87,185	$17,894	$105,079
KEVIN MCCARTHY	VP/EAST	0.50	Officer Director	$0	$0	$0
KENTON STURDEVANT	PRESIDENT	0.50	Officer Director	$0	$0	$0
GEORGE KIRKMIERE	VP/WEST	0.50	Officer Director	$0	$0	$0
FRANK NALTY	DIRECTOR	0.50	Officer Director	$0	$0	$0
KC VANNATTA	VICE PRESIDENT	0.50	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	$522,065	$478,755	$571,898	$43,310
2022	$462,092	$422,460	$407,580	$39,632
2021	$449,869	$386,643	$360,846	$63,226
2020	$354,487	$370,105	$285,613	$-15,618
2019	$354,840	$396,938	$298,978	$-42,098
2018	$403,786	$349,339	$342,281	$54,447

FOREST INDUSTRIES TELECOMMUNICATIONS INC