FOREST EQUIPMENT OPERATOR TRAINING… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

DOUG DUNCAN

Phone

9192719050

Tax Period

2022-05-01 to 2023-04-30

FOREST EQUIPMENT OPERATOR TRAINING SCHOOL INC, founded in 2014, is a micro nonprofit that reported $1 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 207900% operating deficit.

Mission

TO TRAIN PERSONS FOR POSITIONS IN THE FOREST PRODUCTS INDUSTRY OPERATING TIMBER HARVESTING EQUIPMENT. TO PROVIDE SAFETY, PRODUCTIVITY AND EFFICIENCY TRAINING STRUCTURED TO PROVIDE ENTRY LEVEL AND SPECIALIZED SKILLS FOR THE CURRENT JOB MARKET. TO OFFER ASSISTANCE WITH JOB PLACEMENT UPON SUCCESSFUL COMPLETION OF THE TRAINING.

Program Service Accomplishments

Program 1

THE SCHOOL DIDN'T ENROLL OR GRADUATE ANY STUDENTS DURING THE YEAR. IN APRIL 2020, STUDENT ENROLLMENT WAS SUSPENDED INDEFINITELY DUE TO THE COVID19 PANDEMIC TO SAFEGUARD THE HEALTH OF STAFF AND...

THE SCHOOL DIDN'T ENROLL OR GRADUATE ANY STUDENTS DURING THE YEAR. IN APRIL 2020, STUDENT ENROLLMENT WAS SUSPENDED INDEFINITELY DUE TO THE COVID19 PANDEMIC TO SAFEGUARD THE HEALTH OF STAFF AND STUDENTS. THE SCHOOL PURCHASED TIMBER STUMPAGE, WHICH WAS THEN CUT AND SOLD TO COVER THE COSTS OF THE PROGRAM.

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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 $0

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,080

Other Expenses $2,080

TOTAL EXPENSES $2,080

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1	$6,000	-1.0%
Expenses	$2,080	$13,006	-0.8%
Net Income	$-2,079	$-7,006	-0.7%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
DOUGLAS V DUNCAN	CEO/DIRECTOR	Officer Director	$0	$0	$0
DAVID E MEIGGS	COO/DIRECTOR	Officer Director	$0	$0	$0
NORMAN NANCE	DIRECTOR	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
2023	$1	$2,080	No data	$-2,079
2022	$6,000	$13,006	$19,713	$-7,006
2021	$569,593	$569,391	$26,719	$202
2020	$673,810	$730,173	$42,756	$-56,363
2019	$612,592	$676,000	$56,998	$-63,408

FOREST EQUIPMENT OPERATOR TRAINING SCHOOL INC