FORVETS INC

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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

2013

Legal Domicile

Principal Officer

DAN CAVANAH

Phone

3869351206

Tax Period

2022-07-01 to 2023-06-30

FORVETS INC, founded in 2013, is a small nonprofit in the Human Services sector that reported $303K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $282K left a modest 7% surplus.

Mission

TO FACILITATE ADAPTIVE LIVING ACCOMMODATIONS, ADVANCED AND VOCATOINAL EDUCATION, SPECIALIZED THERAPEUTIC SERVICES, ADAPTIVE WORKSHOP ENTERPRISES AND EMPLOYEMNT SERVICES, RECREATIONAL ACTIVITIES AND LIFESTYLE ADJUSTMENT FOR DISABLED VETERANS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $243,054 Revenue: $31,681

ALL SERVICES WERE PERFORMED BY VOLUNTEERS AND CONSISTED OF PLANNING AND SOLICITATION SERVICES. ALL FINANCIAL EXPENDITURES WERE REPORTED ON FORM 990T.

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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 (2022)

Revenue Breakdown

Contributions & Grants $31,681

Program Service Revenue $228,645

Investment Income $0

Other Revenue $43,049

TOTAL REVENUE $303,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,878

Fundraising Expenses $0

Program Expenses $243,054

Other Expenses $140,460

TOTAL EXPENSES $282,338

Year-over-Year Comparison

	2022	2021	Change
Revenue	$303,375	$476,994	-0.4%
Expenses	$282,338	$599,457	-0.5%
Net Income	$21,037	$-122,463	-1.2%

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

N/A

Volunteers

N/A

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
ROBERT WELLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WESLEY COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
CLORE DICE	DIRECTOR	1.00	Director	$0	$0	$0
STACY COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
LEE STRADER	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN SMITH	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$303,375	$282,338	$289,459	$21,037
2022	$476,994	$599,457	$443,713	$-122,463
2021	$28,074	No data	$456,877	No data
2021	$177,974	No data	$456,877	No data
2020	$18,854	No data	$216,772	No data
2019	$32,566	No data	$174,283	No data
2019	$32,566	No data	$161,858	No data
2018	$32,027	$50	$142,032	$31,977