FOREST HEALTH SERVICES

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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

2002

Legal Domicile

Principal Officer

DONALD CARLSON

Phone

2182583253

Tax Period

2023-07-01 to 2024-06-30

FOREST HEALTH SERVICES, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 5% surplus.

Mission

TO PROVIDE THE HIGHEST POSSIBLE DEVELOPMENT AND ADVANCEMENT OF OUR EMPLOYEES IN A RESPECTFUL AND JUST MANNER; TO PARTNERSHIP WITH THE COMMUNITY TO ENSURE THAT THE NEEDED HEALTHCARE SERVICES ARE MADE AVAILABLE; AND TO PROMOTE ETHICAL AND PROFESSIONAL STANDARDS IN ALL BUSINESS RELATIONSHIPS.

Program Service Accomplishments

Program 1

Expenses: $5,085,293 Revenue: $5,574,342

FOREST HEALTH SERVICES, INC. D/B/A CORNERSTONE VILLA (THE ORGANIZATION") IS A NONPROFIT ORGANIZATION LOCATED IN BUHL, MINNESOTA. IT IS LICENSED BY THE MINNESOTA DEPARTMENT OF HEALTH AS A PROVIDER OF LONG-TERM HEALTHCARE AND OPERATES A 44-BED, LONG-TERM SKILLED NURSING FACILITY AND A 10-UNIT ASSISTED LIVING FACILITY. THE ASSISTED LIVING FACILITY OPENED FOR OPERATIONS IN JULY 2018.

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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 $199,535

Program Service Revenue $5,574,342

Investment Income $1,941

Other Revenue $0

TOTAL REVENUE $5,775,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,650,294

Fundraising Expenses $0

Program Expenses $5,085,293

Other Expenses $1,847,047

TOTAL EXPENSES $5,497,341

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,775,818	$5,200,228	+0.1%
Expenses	$5,497,341	$4,848,426	+0.1%
Net Income	$278,477	$351,802	-0.2%

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

105

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

$229,911

Total Directors

$340,877

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUNTER RAMSPACHER	BOARD MEMBER/RN UNIT MANAGER	40.00	Director	$63,095	$0	$63,095
CASSIDIE KUNKEL	PRESIDENT/ADMINISTRATOR	40.00	Officer Director	$87,688	$8,436	$96,124
KELLI HANSEN	BOARD MEMBER/DIRECTOR OF THERAPY	20.00	Director	$47,871	$0	$47,871
KETTI CHAMBERLIN	BOARD SECRETARY/BUS. OFF. MANAGER	20.00	Officer Director	$39,426	$0	$39,426
DON CARLSON	BOARD CHAIRPERSON	1.50	Officer Director	$0	$0	$0
RINA EDSTROM	BOARD VICE-CHAIR/SOC. SERV. DIRECTOR	40.00	Officer Director	$42,299	$0	$42,299
ANNE ERICKSON	TREAS./ BUS. OFF. MAN. (THRU 09/23)	20.00	Officer Director	$52,062	$0	$52,062
RICHARD SUNDICH	BOARD MEMBER	1.50	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
2025	No data	No data	No data	No data
2024	$5,775,818	$5,497,341	$3,822,726	$278,477
2023	$5,200,228	$4,848,426	$4,094,208	$351,802
2022	$5,508,768	$5,639,396	$4,007,453	$-130,628
2022	$5,516,309	$5,612,274	$4,151,318	$-95,965
2021	$4,915,463	$5,123,270	$4,561,946	$-207,807