FOREST RIDGE ACADEMY INC (EIN 311038248) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

MARK BORST

Phone

2197567300

Tax Period

2024-07-01 to 2025-06-30

FOREST RIDGE ACADEMY INC, founded in 1982, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $781K, a strong 19% operating margin.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $96,182

Program Service Revenue $3,577,595

Investment Income $151,347

Other Revenue $384,432

TOTAL REVENUE $4,209,556

Expense Breakdown

Grants Paid $7,355

Salaries & Benefits $2,403,163

Fundraising Expenses $40,300

Program Expenses $2,735,885

Other Expenses $1,018,050

TOTAL EXPENSES $3,428,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,209,556	$3,401,944	+0.2%
Expenses	$3,428,568	$3,112,066	+0.1%
Net Income	$780,988	$289,878	+1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIAS LITOS	PRESIDENT	5.00	Officer Director	$0	$0	$0
VESNA BALAC	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARK BORST	TREASURER	5.00	Officer Director	$0	$0	$0
KUNTEERA TARIN	SECRETARY	5.00	Officer Director	$0	$0	$0
RENEE DOUGHMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE GRIFFIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JONATHON HAGARBOME	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID HIBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
REBECCA LAM	BOARD MEMBER	2.00	Director	$0	$0	$0
CARINA LANE	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA REISMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KYLE GARTMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CLOTEAL LABRIO	BOARD MEMBER	2.00	Director	$0	$0	$0
MANIKA TURNBULL	BOARD MEMBER	2.00	Director	$0	$0	$0
PARU VENKAT	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN LABOVIC	HEAD OF SCHOOL	40.00	Highest	$122,320	$0	$122,320

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	$4,209,556	$3,428,568	$6,779,194	$780,988
2024	$3,401,944	$3,112,066	$6,127,805	$289,878
2023	$3,654,677	$2,663,376	$5,473,755	$991,301
2022	$2,436,856	$2,447,847	$4,243,913	$-10,991
2021	$2,730,971	$2,367,269	$4,444,193	$363,702

FOREST RIDGE ACADEMY INC