FOREST SPRINGS INC (EIN 821035827) - 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

2017

Legal Domicile

Principal Officer

PETER DUNPHY

Phone

4135281985

Tax Period

2024-01-01 to 2024-12-31

FOREST SPRINGS INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $127K in total revenue in fiscal year 2024. Expenses of $187K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO OWN AND MANAGE A LOW TO MODERATE INCOME HOUSING PROJECT IN GREAT BARRINGTON, MASSACHUSETTS.

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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 $0

Program Service Revenue $126,539

Investment Income $8

Other Revenue $0

TOTAL REVENUE $126,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,319

Other Expenses $186,542

TOTAL EXPENSES $186,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,547	$119,427	+0.1%
Expenses	$186,542	$197,333	-0.1%
Net Income	$-59,995	$-77,906	-0.2%

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

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

$76,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH ROSENBERG	PRESIDENT	0.50	Officer Director	$0	$0	$0
BETTY FARBMAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
HINDA BODINGER	SECRETARY	0.50	Officer Director	$0	$0	$0
PETER DUNPHY	TREASURER	0.50	Officer Director	$0	$0	$0
ADRIENNE ARNOLD	DIRECTOR	0.50	Director	$0	$0	$0
JODIE GORDON	DIRECTOR	0.50	Director	$0	$0	$0
SAM HANDEL	DIRECTOR	0.50	Director	$0	$0	$0
TONY CHOJNOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
JOSH IRWIN	DIRECTOR	0.50	Director	$0	$0	$0
JANE GLASER	DIRECTOR	0.50	Director	$0	$0	$0
LISA BEEDE	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA MANRING	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GALLERSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTA MONTANO	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE MCNINCH	DIRECTOR	0.50	Director	$0	$0	$0
MARK ROSENGREN	DIRECTOR	0.50	Director	$0	$0	$0
ANNE SCHNESEL	DIRECTOR	0.50	Director	$0	$0	$0
WANDA HOUSTON	DIRECTOR	0.50	Director	$0	$0	$0
JILLIAN SCHUSTER	DIRECTOR	0.50	Director	$0	$0	$0
JANE RALPH	EXECUTIVE DIRECTOR	0.50	Officer	$0	$0	$76,817

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	$126,547	$186,542	$3,140,215	$-59,995
2023	$119,427	$197,333	$3,205,193	$-77,906
2022	$134,844	$183,089	$3,290,322	$-48,245
2021	$121,186	$166,323	$3,352,358	$-45,137
2020	$124,361	$158,776	$3,415,602	$-34,415
2019	$117,972	$177,572	$3,468,570	$-59,600

FOREST SPRINGS INC