RACE FORWARD (EIN 942759879) - 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

1981

Legal Domicile

Principal Officer

GLENN HARRIS

Phone

2125137925

Tax Period

2023-01-01 to 2023-12-31

RACE FORWARD, founded in 1981, is a mid-sized nonprofit in the Community Improvement sector that reported $27.2M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $25.9M left a modest 5% surplus.

Mission

RACE FORWARD CATALYZES MOVEMENT BUILDING FOR RACIAL JUSTICE. IN PARTNERSHIP WITH COMMUNITIES, ORGANIZATIONS, AND SECTORS, WE BUILD STRATEGIES TO ADVANCE RACIAL JUSTICE IN OUR POLICIES, INSTITUTIONS, AND CULTURE.

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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 $25,292,425

Program Service Revenue $1,445,066

Investment Income $428,100

Other Revenue $59,132

TOTAL REVENUE $27,224,723

Expense Breakdown

Grants Paid $1,767,145

Salaries & Benefits $13,522,953

Fundraising Expenses $1,037,768

Program Expenses $20,943,390

Other Expenses $10,644,058

TOTAL EXPENSES $25,934,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,224,723	$16,435,117	+0.7%
Expenses	$25,934,156	$25,022,006	+0.0%
Net Income	$1,290,567	$-8,586,889	-1.2%

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

112

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

$887,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN HARRIS	PRESIDENT	40.00	Officer	$282,791	$34,295	$317,086
ERIC WARD	VICE PRESIDE	40.00	Highest	$215,462	$21,689	$237,151
JULIE NELSON	SVP, PROGRAM	40.00	Officer	$198,878	$33,958	$232,836
RANDALL OAKLEY	VP, FINANCE	40.00	Highest	$166,882	$31,332	$198,214
CATHY ALBISA	VP INST & SE	40.00	Highest	$153,635	$41,259	$194,894
MAGNADA DORY	VP HUMAN RES	40.00	Highest	$154,723	$39,986	$194,709
CHERYL BLAKEMORE	VP, STRATEGI	40.00	Highest	$161,049	$30,336	$191,385
FARON MCLURKIN	SVP, DEV. &	40.00	Officer	$150,447	$23,506	$173,953
CHARLENE SINCLAIR	CHIEF OF STA	40.00	Officer	$148,777	$15,088	$163,865
KEVIN ALLIS	DIRECTOR	1.00	Director	$0	$0	$0
LORI BEZAHLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA FOX	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY FOXWORTH	TREASURER	1.00	Officer Director	$0	$0	$0
LEEANN HALL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD KIM	DIRECTOR	1.00	Director	$0	$0	$0
ALETHA MAYBANK	DIRECTOR	1.00	Director	$0	$0	$0
KAVITHA MEDIRATTA	SECRETARY	1.00	Officer Director	$0	$0	$0
RAMON RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
RALPH REMINGTON	DIRECTOR	1.00	Director	$0	$0	$0
ALBERTO RETANA	DIRECTOR	1.00	Director	$0	$0	$0
RON SHIFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN THOMAS-BREITFELD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTI TRAN	CHAIRPERSON	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	No data	No data	No data	No data
2023	$27,224,723	$25,934,156	$37,006,218	$1,290,567
2022	$16,435,117	$25,022,006	$34,918,779	$-8,586,889
2021	$35,206,795	$15,756,644	$41,775,681	$19,450,151
2020	$20,857,248	$13,030,036	$23,950,967	$7,827,212
2019	$11,012,148	$12,081,094	$15,252,581	$-1,068,946
2018	$10,074,556	$10,490,919	$15,308,960	$-416,363
2018	$10,198,517	$10,429,867	$15,608,713	$-231,350
2017	$15,578,884	$5,320,294	$14,964,945	$10,258,590

RACE FORWARD