Friends of Forwood Preserve Inc

Nonprofit profile at a glance

EIN
833838458
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-N 2022
Location
Wilmington, DE, USA
Phone
3028931316
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$4,539
Expenses
$101,815
Assets
$88,407
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • David White (President)
  • Jaime Maier (Vice President)

People named in this filing

  • David White (President)
  • Jaime Maier (Vice President)
  • Kathleen Donnelly (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Friends seek to protect the Preserve's unique natural characteristics and cultural history, as well as to make responsible improvements to the land for the enjoyment of the adjoining communities

What it reported doing in 2025

Activities in our Principal Areas of Focus: Continued invasive removal to protect trees, restore the natural landscape and open the area to promote accessibility and usability. Our primary initial areas of focus have been cutting Chinese Wisteria from existing canopy trees, saplings, and native shrubs, and removing a large bamboo infestation by cutting and herbicide treating to prevent regrowth. We plan to maintain the area through ongoing treatments and manage other invasive plants within and around those zones. We have begun restorative tree planting with native species to fill in gaps created by invasive removal. This work is ongoing and is being conducted under contracts from the Friends with Red Tail Restorations and Ron's Tree Service.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 23
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.9%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2,143.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.87; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 74.7% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -140.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -43.2% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.9% of spending went to programs
  • Governance: 10 of 10 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $101K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.