FOREST RIDGE HOLDING CORPORATION

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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

2019

Legal Domicile

Principal Officer

ELIAS LITOS

Phone

2197509426

Tax Period

2024-07-01 to 2025-06-30

FOREST RIDGE HOLDING CORPORATION, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $7K in total revenue in fiscal year 2024. Revenue fell 212% from the prior year — a significant decline worth monitoring.

Mission

HOLDING CORPORATION FOR PROPERTY OF THE EXEMPT ORGANIZATION FOREST RIDGE ACADEMY, INC.

Program Service Accomplishments

Program 1

HOLDING CORPORATION FOR PROPERTY OF THE EXEMPT ORGANIZATION FOREST RIDGE ACADEMY, INC.

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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 $0

Investment Income $1,250

Other Revenue $-8,644

TOTAL REVENUE $-7,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-7,394	$6,610	-2.1%
Expenses	N/A	N/A	N/A
Net Income	N/A	$6,610	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIAS LITOS	PRESIDENT	1.00	Officer Director	$0	$0	$0
VESNA BALAC	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK BORST	TREASURER	1.00	Officer Director	$0	$0	$0
KUNTEERA TARIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE WAINWRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL AUGUSTI	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG CROWLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE DOUGHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE GRIFFITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN HAGARBOME	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HIBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LADELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA LAM	BOARD MEMBER	1.00	Director	$0	$0	$0
CARINA LANE	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER MCCOLLY	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA REISMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA RIFAI	BOARD MEMBER	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
2025	$-7,394	No data	$495,109	No data
2024	$6,610	No data	$517,979	No data
2023	$1,252	No data	$524,518	No data
2022	$-23,977	No data	$541,767	No data
2021	$10,381	No data	$499,715	No data