Civic Intelligence

Deer River Area Healthcare Foundation

990 • Fiscal year 2021 • EIN 41-1770765

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 29, 2022

PO Box 367Deer River, MN 56636

(218) 246-1951

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

5th percentile

-52%

Higher net margin than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

41st percentile

$16,823

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

35th percentile

2.8%

Faster asset growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,055,042

Up $28,955 (+2.8%) from 2020

Net Assets

Up

$1,045,429

Up $23,909 (+2.3%) from 2020

Liabilities

Up

$9,613

Up $5,046 (+110%) from 2020

Revenue

Down

$127,824

Down $142,374 (-53%) from 2020

Expenses

Up

$193,925

Up $48,834 (+34%) from 2020

Net Income

Down

-$66,101

Down $191,208 (-153%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $335,506Liabilities 2012: $0Net Assets 2012: $335,5062012Assets 2013: $333,270Liabilities 2013: $0Net Assets 2013: $333,2702013Assets 2014: $770,403Liabilities 2014: $0Net Assets 2014: $770,4032014Assets 2015: $759,394Liabilities 2015: $0Net Assets 2015: $759,3942015Assets 2016: $765,953Liabilities 2016: $0Net Assets 2016: $765,9532016Assets 2017: $737,533Liabilities 2017: $0Net Assets 2017: $737,5332017Assets 2018: $768,416Liabilities 2018: $0Net Assets 2018: $768,4162018Assets 2019: $785,473Liabilities 2019: $0Net Assets 2019: $785,4732019Assets 2020: $1,026,087Liabilities 2020: $4,567Net Assets 2020: $1,021,5202020Assets 2021: $1,055,042Liabilities 2021: $9,613Net Assets 2021: $1,045,4292021Assets 2022: $803,645Liabilities 2022: $1,177Net Assets 2022: $802,4682022Assets 2023: $865,492Liabilities 2023: $4,713Net Assets 2023: $860,7792023Assets 2024: $918,908Liabilities 2024: $3,716Net Assets 2024: $915,1922024

Highlighted filing

2021

Assets$1,055,042
Liabilities$9,613
Net Assets$1,045,429

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $300,022Expenses 2012: $1,201Net Income 2012: $298,8212012Revenue 2013: $3,484Expenses 2013: $5,720Net Income 2013: -$2,2362013Revenue 2014: $458,696Expenses 2014: $27,931Net Income 2014: $430,7652014Revenue 2015: $49,079Expenses 2015: $60,088Net Income 2015: -$11,0092015Revenue 2016: $79,068Expenses 2016: $72,509Net Income 2016: $6,5592016Revenue 2017: $85,438Expenses 2017: $113,858Net Income 2017: -$28,4202017Revenue 2018: $137,628Expenses 2018: $106,745Net Income 2018: $30,8832018Revenue 2019: $135,264Expenses 2019: $118,207Net Income 2019: $17,0572019Revenue 2020: $270,198Expenses 2020: $145,091Net Income 2020: $125,1072020Revenue 2021: $127,824Expenses 2021: $193,925Net Income 2021: -$66,1012021Revenue 2022: $122,823Expenses 2022: $189,082Net Income 2022: -$66,2592022Revenue 2023: $156,065Expenses 2023: $197,535Net Income 2023: -$41,4702023Revenue 2024: $158,475Expenses 2024: $177,021Net Income 2024: -$18,5462024

Highlighted filing

2021

Revenue$127,824
Expenses$193,925
Net Income-$66,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 29, 2022
Return Version
2021v4.0
Gross Receipts
$167,358
Mission and Program Overview

Mission

A place for all to learn, grow and share through physical, mental, and spiritual health. To build a stronger, healthier, more vibrant community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,021,520$1,045,429▲ $23,909
Investments in Publicly Traded Securities$980,363$993,573▲ $13,210
Cash and Non-Interest-Bearing Accounts$19,955$35,558▲ $15,603
Savings and Temporary Cash Investments$25,769$25,911▲ $142
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,026,087$1,055,042▲ $28,955
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,567$9,613▲ $5,046
Total Liabilities$4,567$9,613▲ $5,046
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,021,520$1,045,429▲ $23,909
Total Liabilities and Net Assets / Fund Balance$1,026,087$1,055,042▲ $28,955
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leah OslinExecutive DirectorFT$16,823$16,823
April JespersonExecutive DirectorFT$10,927$10,927

Board Members and Trustees

NameTitle
Judy DimichBoard Chair
Andrew ShawBoard Vicechair
Beth AndersonDirector
Brad BoxDirector
Dave DelawyerDirector
Gerry DederickDirector
James GordonDirector
Michael FairbanksDirector
Michelle NewbergDirector
Nikki OsseDirector
Pam ThompsonDirector
Rachel HerringDirector
Samantha MartinDirector
Gwen SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$104,954
Program Service Revenue
$0
Investment Income
$18,783
Other Revenue
$4,087
All Other Contributions
$95,702
Change in Net Assets
$-66,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,840
Grants and Similar Amounts Paid$69,570
Salaries, Compensation, and Employee Benefits$52,515
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$64,008--$64,008
Current Officers, Directors, Trustees, and Key Employees-$27,750-$27,750
Advertising$21,733--$21,733
Office Expenses-$19,190-$19,190
Other Salaries and Wages-$11,880-$11,880
Other Employee Benefits-$9,853-$9,853
Occupancy-$7,200-$7,200
Fees for Services Accounting-$6,276-$6,276
Grants to Domestic Individuals$5,562--$5,562
Payroll Taxes-$3,032-$3,032
Insurance-$2,841-$2,841
All Other Expenses$64$1,330-$1,394
Other Expenses$1,347$2,623-$1,347
Travel-$728-$728
Interest-$592-$592
Total Functional Expenses$96,714$97,211$0$193,925
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Deer RiverDeer River, MN--$50,000
Isd 317Deer River, MN--$8,257
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,444
Fundraising Gross Income$6,600
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Board reviews form 990 at regularily scheduled meeting and approves it before it is sent to the irs.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

After board approval, all 990 documents are available to the public upon request at the foundation's office.

Filing and Contact Details

Filer

Filer Name
Forward Health Foundation
EIN
41-1770765
Phone
2182461951
Address
PO BOX 367, DEER RIVER, MN 56636

Signing Officer

Name
Judy Dimich
Title
Board Chair
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Dimich
Formed
1994
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
3

Preparer

Firm
Glorvigen Tierney & Company Pllp
Address
200 NE 1ST AVE, GRAND RAPIDS, MN 55744
Preparer
Amanda Dick CPA
Phone
2183266641
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Prior year board designated net assets utilized = -$18366

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IRS990/ActivityOrMissionDesc0A PLACE FOR ALL TO LEARN, GROW AND SHARE THROUGH PHYSICAL, MENTAL, AND SPIRITUAL HEALTH. TO BUILD A STRONGER, HEALTHIER, MORE VIBRANT COMMUNITY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD VICECHAIR
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IRS990/MissionDesc0A PLACE FOR ALL TO LEARN, GROW AND SHARE THROUGH PHYSICAL, MENTAL, AND SPIRITUAL HEALTH. TO BUILD A STRONGER, HEALTHIER, MORE VIBRANT COMMUNITY.
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IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/CashGrantAmt18257
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00

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