Persistent negative net asset position, with liabilities consistently exceeding assets (e.g., $3.4M liabilities vs. $2.3M assets in 2023).
Consistent operating deficits in most years prior to 2023, indicating an unsustainable spending pattern relative to revenue.
Declining asset base over the past several years, from over $3M in 2015 to $2.3M in 2023.
Strengths
Positive net income reported in the latest fiscal period (2023), reversing a trend of deficits.
Significant increase in revenue in 2023 ($485,002), demonstrating improved fundraising or service income.
No reported officer compensation, indicating efficient use of funds regarding executive pay.
Consistent filing of IRS Form 990s over 14 periods, demonstrating commitment to transparency.
Spending Breakdown
How Forest Ridge Manor Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Forest Ridge Manor Inc
Is Forest Ridge Manor Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forest Ridge Manor Inc (EIN: 201885811) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 4 strengths noted.
Is Forest Ridge Manor Inc a good charity to donate to?
Forest Ridge Manor Inc has a Mission Score of 55/100. Revenue: $360K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Forest Ridge Manor Inc?
The Employer Identification Number (EIN) for Forest Ridge Manor Inc is 201885811. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Forest Ridge Manor Inc spend its money?
Forest Ridge Manor Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Forest Ridge Manor Inc's tax-exempt status?
You can verify Forest Ridge Manor Inc's tax-exempt status using EIN 201885811 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Forest Ridge Manor Inc. demonstrates a concerning financial trend with consistent operating deficits over the past several years. In 2023, while revenue increased to $485,002, expenses were $405,281, resulting in a positive net income for the first time in several years. However, the organization's liabilities significantly exceed its assets, with liabilities of $3,412,699 against assets of $2,359,120 in 2023, indicating a negative net asset position. This long-standing imbalance suggests potential solvency issues if not addressed.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent operational losses prior to 2023 raise questions about the sustainability of its current expenditure levels relative to its revenue generation. The absence of reported officer compensation across all filings is a positive indicator for transparency regarding executive pay, but a more comprehensive financial statement would be needed to fully evaluate overall spending efficiency.
From a transparency perspective, the consistent filing of IRS Form 990s over 14 periods is commendable. The lack of reported officer compensation is also a strong point. However, the significant and persistent negative net asset position, where liabilities consistently outweigh assets, is a critical financial indicator that warrants further scrutiny and explanation to stakeholders. While the 2023 period shows an improvement in net income, the overall financial structure remains precarious.