EAST LANSING, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FORSTER WOODS ADULT DAY SERVICES, founded in 2018, is a small nonprofit in the Human Services sector that reported $987K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $953K left a modest 3% surplus.
IT IS THE MISSION OF FORSTER WOODS TO SUPPORT CAREGIVERS AND THEIR LOVED ONES BY PROVIDING A SAFE, COMFORTABLE AND RELIABLE DAY SERVICE FOR ADULTS WHO MAY REQUIRE ASSISTANCE WITH DAILY LIVING ACTIVITIES AND MAY ALSO BENEFIT FROM A COMPASSIONATE ENVIRONMENT AND OPPORTUNITIES FOR SOCIALIZATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $987,411 | $854,808 | +0.2% |
| Expenses | $953,308 | $779,740 | +0.2% |
| Net Income | $34,103 | $75,068 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIM ADAMS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE C BEAUDOIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE DILTS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHERYL GOODMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH HAWLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD HERROLD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN PATTERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN PEASLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JACKIE GARGANO RN | BOARD CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| VICTORIA RAKOWSKI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY RASCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BETH RUSSELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK TALBOT | BOARD MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TONI TALBOT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $987,411 | $953,308 | $303,658 | $34,103 |
| 2022 | $854,808 | $779,740 | $275,780 | $75,068 |
| 2021 | $653,431 | $543,436 | $335,917 | $109,995 |
| 2021 | $603,595 | $543,699 | $218,143 | $59,896 |
| 2020 | $518,451 | $579,083 | $167,229 | $-60,632 |
| 2020 | $586,389 | $579,083 | $235,167 | $7,306 |
| 2019 | $840,906 | $820,153 | $114,467 | $20,753 |
| 2018 | $402,324 | $390,056 | $63,566 | $12,268 |
Compare FORSTER WOODS ADULT DAY SERVICES with other nonprofits in Michigan and across the country.