FORWARD HORIZONS 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

2020

Legal Domicile

Principal Officer

PETE HERLEVI

Phone

7156851222

Tax Period

2024-01-01 to 2024-12-31

FORWARD HORIZONS INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $413K in total revenue in fiscal year 2024.

Mission

TO SUPPORT THOSE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $402,167 Revenue: $408,101

SUPPORTED HOME SERVICES, DAY SERVICES, TRANSPORTATION, EXERCISE AND FITNESS FOR PEOPLE WITH DISABILITIES IN THE ASHLAND AND BAYFIELD COUNTY.

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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 $4,927

Program Service Revenue $408,101

Investment Income $0

Other Revenue $441

TOTAL REVENUE $413,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,537

Fundraising Expenses $0

Program Expenses $402,167

Other Expenses $96,630

TOTAL EXPENSES $402,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,469	$408,863	+0.0%
Expenses	$402,167	$316,655	+0.3%
Net Income	$11,302	$92,208	-0.9%

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

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
LORI HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA SUMINSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
PETE HERLEVI	TREASURER	1.00	Officer	$0	$0	$0
STEWART HOLMAN	PRESIDENT	1.00	Officer	$0	$0	$0
MICHELLE LAMPSON	SECRETARY	1.00	Officer	$0	$0	$0
KATHERINE MARTIN	VICE PRESIDE	1.00	Officer	$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	No data	No data	No data	No data
2024	$413,469	$402,167	$200,875	$11,302
2023	$408,863	$316,655	$183,856	$92,208
2022	$268,850	$217,213	$69,202	$51,637
2021	$224,819	$231,526	$16,070	$-6,707