The Forest At Duke Inc (EIN 561630158) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Phone

9199408000

Tax Period

2024-10-01 to 2025-09-30

The Forest At Duke Inc, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $34.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A CARING, RESPONSIBLE RETIREMENT COMMUNITY BY ENHANCING RESIDENTS' LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $67,714

Program Service Revenue $31,881,269

Investment Income $2,385,089

Other Revenue $134,994

TOTAL REVENUE $34,469,066

Expense Breakdown

Grants Paid $1,388,752

Salaries & Benefits $15,976,437

Fundraising Expenses $10,790

Program Expenses $30,361,568

Other Expenses $18,257,078

TOTAL EXPENSES $35,633,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,469,066	$31,345,461	+0.1%
Expenses	$35,633,057	$33,482,737	+0.1%
Net Income	$-1,163,991	$-2,137,276	-0.5%

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

428

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

$642,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chuck Kennedy	Chairman	4.0	Officer Director	$0	$0	$0
Craig Lewis	Vice Chairman	4.0	Officer Director	$0	$0	$0
Bobby Kanoy	Board Member	4.0	Director	$0	$0	$0
Craig Daniels	Board Member	4.0	Director	$0	$0	$0
Denise Barnes	Board Member	4.0	Director	$0	$0	$0
Edward Embree	Board Member	4.0	Director	$0	$0	$0
James Freedman	Board Member	4.0	Director	$0	$0	$0
James Hopkins	Board Member	4.0	Director	$0	$0	$0
John Rasmussen	Board Member	4.0	Director	$0	$0	$0
Kimberly Rehberg	Board Member	4.0	Director	$0	$0	$0
Larry Moneta	Board Member	4.0	Director	$0	$0	$0
Lynne Farber	Board Member	4.0	Director	$0	$0	$0
Sterly Wilder	Board Member	4.0	Director	$0	$0	$0
Tracy Dell'Angela	Board Member	4.0	Director	$0	$0	$0
Anita L Holt	President, CEO	40.0	Officer	$336,743	$35,346	$372,089
Karen E Henry	CFO, Treasurer	40.0	Officer	$236,993	$33,105	$270,098
April Ravelli	Director of Sales & Mktg	40.0	Highest	$113,297	$7,660	$120,957
Lee Ann Bailey-Clayton	Director of Health Services	40.0	Highest	$145,872	$11,023	$156,895
Nathan Summers	Director of Community Services	40.0	Highest	$140,270	$3,092	$143,362
Rashad Wilson	Director of Information Tech	40.0	Highest	$111,379	$1,604	$112,983
Sharon Pitt	COO	40.0	Highest	$198,710	$32,974	$231,684

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	$34,469,066	$35,633,057	$243,873,442	$-1,163,991
2024	$31,345,461	$33,482,737	$183,251,223	$-2,137,276
2023	$24,329,545	$29,273,687	$146,426,388	$-4,944,142
2022	$28,567,112	$26,703,754	$132,994,833	$1,863,358
2021	$26,264,359	$25,067,982	$134,522,484	$1,196,377
2020	$27,793,793	$25,541,720	$82,821,303	$2,252,073
2019	$26,750,803	$24,972,196	$82,393,788	$1,778,607
2018	$27,053,913	$24,411,539	$80,330,202	$2,642,374

The Forest At Duke Inc