FOREST HEALTH SERVICES

EIN: 043698805 501(c)(3) Housing & Shelter

BUHL, MN

Total Revenue
$5,775,818
Total Expenses
$5,497,341
Total Assets
$3,822,726
Net Assets
$-1,166,406
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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
MN
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 LONG AND SHORT-TERM HEALTH AND SKILLED NURSING HOME SERVICES TO THE ELDERLY, FRAIL AND/OR VULNERABLE.

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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%)

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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

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Governance

Voting Members
7
Independent Members
2
Employees
105
Volunteers
7

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
5
$229,911
Total Directors
8
$340,877
Key Employees
0
$0
Highest Compensated
0
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
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