Forge Health Inc

Nonprofit profile at a glance

EIN
472273055
IRS 990-EZ coverage
2015–2016
Forms available
Form 990-EZ 2016
Location
Atlanta, GA, USA
Phone
9544484438
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$17,994
Expenses
$43,555
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • ARASH HARZAND (PRESIDENT, TREASURER)
  • ERIK REINERTSEN (VICE PRESIDENT, SECRETARY)

People named in this filing

  • ARASH HARZAND (PRESIDENT, TREASURER)
  • ERIK REINERTSEN (VICE PRESIDENT, SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation's exempt purpose is to provide (a) educational programming for clinicians, scientists, engineers, and designers as healthcare entrepreneurs, (b) coaching, mentorship and strategic guidance to entrepreneurs with early-stage healthcare startups, and (c) seed grants and scholarships to support the early stage development, testing and distribution of healthcare technologies by early-stage healthcare startups.by engaging in these initiatives, the corporation will promote a culture of entrepreneurship in healthcare that has the potential to improve healthcare for patients.

What it reported doing in 2016

Forge's mission is to help healthcare entrepreneurs solve the most challenging problems in healthcare through educational programming and by connecting them with clinicians, investors and mentors. To meet this educational goal, forge hosted bi-monthly events throughout 2016. We hosted 4 'salons' which are healthcare innovation events featuring thought leaders as speakers and discussion leaders and the founders forum, a 10 week accelerator for digital health startups with seed funding, mentorship, and clinical access. Overall our events served over 750+ people throughout 2016.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 9
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -142.1%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 59.2% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -101.8% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $44K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.