Forward Health Foundation
EIN: 411770765 · Deer River, MN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $543K |
| Total Expenses | $198K |
| Net Assets | $861K |
Is Forward Health Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forward Health Foundation
Forward Health Foundation (EIN: 411770765) is a nonprofit organization based in Deer River, MN, classified under NTEE code P20. The organization reported total revenue of $543K and total assets of $919K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forward Health Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forward Health Foundation is a small nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $156K |
| Total Expenses | $198K |
| Surplus / Deficit | $-41,470 |
| Total Assets | $865K |
| Total Liabilities | $5K |
| Net Assets | $861K |
| Operating Margin | -26.6% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 52.6 months |
Financial Health Grade: B
In 2023, Forward Health Foundation reported a deficit of $41K with expenses exceeding revenue, holds 52.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Forward Health Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | +4.5% | +7.7% |
| 2022 | -3.9% | -2.5% | -23.8% |
| 2021 | -52.7% | +33.7% | +2.8% |
| 2020 | +99.8% | +22.7% | +30.6% |
| 2019 | -1.7% | +10.7% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forward Health Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forward Health Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Forward Health Foundation
Is Forward Health Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Forward Health Foundation (EIN: 411770765) insufficient data. 0 red flags identified, 0 strengths noted.
How does Forward Health Foundation spend its money?
Detailed spending breakdown data is not yet available for Forward Health Foundation. Check back for updated IRS 990 analysis.
Are donations to Forward Health Foundation tax-deductible?
Forward Health Foundation is registered as a tax-exempt nonprofit (EIN: 411770765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forward Health Foundation located?
Forward Health Foundation is headquartered in Deer River, Minnesota and files with the IRS under EIN 411770765. It is classified under NTEE code P20.
How many years of IRS 990 filings does Forward Health Foundation have?
Forward Health Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $543K in total revenue.
Filing History
IRS 990 filing history for Forward Health Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Forward Health Foundation's revenue has declined by 48%, moving from $300K to $156K. Total assets increased by 158% over the same period, from $336K to $865K. Total functional expenses rose by 16347.5%, from $1K to $198K. In its most recent filing year (2023), Forward Health Foundation reported a deficit of $41K, with expenses exceeding revenue. The organization holds $5K in liabilities against $865K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $861K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $156K | $198K | $865K | $5K | — | — |
| 2022 | $123K | $189K | $804K | $1K | — | View 990 |
| 2021 | $128K | $194K | $1.1M | $10K | — | — |
| 2020 | $270K | $145K | $1.0M | $5K | — | — |
| 2019 | $135K | $118K | $785K | $0 | — | View 990 |
| 2018 | $138K | $107K | $768K | $0 | — | View 990 |
| 2017 | $85K | $114K | $738K | $0 | — | — |
| 2016 | $79K | $73K | $766K | $0 | — | View 990 |
| 2015 | $49K | $60K | $759K | $0 | — | View 990 |
| 2014 | $459K | $28K | $770K | $0 | — | View 990 |
| 2013 | $3K | $6K | $333K | $0 | — | View 990 |
| 2012 | $300K | $1K | $336K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $156K, expenses of $198K, and assets of $865K (revenue +27.1% year-over-year).
- 2022: Revenue of $123K, expenses of $189K, and assets of $804K (revenue -3.9% year-over-year).
- 2021: Revenue of $128K, expenses of $194K, and assets of $1.1M (revenue -52.7% year-over-year).
- 2020: Revenue of $270K, expenses of $145K, and assets of $1.0M (revenue +99.8% year-over-year).
- 2019: Revenue of $135K, expenses of $118K, and assets of $785K (revenue -1.7% year-over-year).
- 2018: Revenue of $138K, expenses of $107K, and assets of $768K (revenue +61.1% year-over-year).
- 2017: Revenue of $85K, expenses of $114K, and assets of $738K (revenue +8.1% year-over-year).
- 2016: Revenue of $79K, expenses of $73K, and assets of $766K (revenue +61.1% year-over-year).
- 2015: Revenue of $49K, expenses of $60K, and assets of $759K (revenue -89.3% year-over-year).
- 2014: Revenue of $459K, expenses of $28K, and assets of $770K (revenue +13065.8% year-over-year).
- 2013: Revenue of $3K, expenses of $6K, and assets of $333K (revenue -98.8% year-over-year).
- 2012: Revenue of $300K, expenses of $1K, and assets of $336K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forward Health Foundation:
Data Sources and Methodology
This transparency report for Forward Health Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.