Foresters Financial

What it reported doing in 2024

Foresters Community Partnerships: Every year, Foresters offer direct support to charities that enhance the well-being of families and communities. Partnerships with non-profit organizations like, but not limited to, Whole Kids Foundation, National Clean-Up (Clean Trails), Evergreen Foundation, and Cash for Kids (in the UK) make this possible at a local level. Members work with these organizations, lending their time to improve the quality of life and well-being of local families and their communities. Sustainability Partnerships: To support giving back to our communities and investing in educating our members and their families on the importance of living a sustainable life, Foresters has partnered with the following organizations: The Whole Kids Foundation: The Whole Kids Foundation supports children and their families in learning about nutrition and wellness. By partnering with organizations like Foresters, the Whole Kids Foundation helps provide grants for school gardens and organizes sustainability activities like pollinator preservation events. 5th World Regenerative Ag Corp.: 5th World seeks to leverage technological innovation, human ingenuity, and the wisdom of nature to foster a positive, more abundant future for all. Their vision is to help build autonomous and regenerative communities that thrive, grow fresh, nutritious and delicious food, are a source for reliable clean water supplies, and harvest renewable energy. Through Foresters Financial's partnership with 5th World, we aim to build sustainable and regenerative food foresters that can feed our communities for generations to come. In 2024, Foresters developed 1 Food Forest in Alberta, Canada. Evergreen - Evergreen champions sustainable change in communities across Canada to help make cities more livable, green and prosperous. Since 2020, Foresters has partnered with Evergreen to create a series of sustainable gardens at the Evergreen Brick Works site in Toronto, Ontario, that supports pollinators, provides access to nutritious food, and fosters a regenerative ecosystem. Clean Trails/National Cleanup Day: - Clean Trails is a community of people focused on keeping the world's natural spaces and the trails that pass through them clear of litter. National Cleanup Day is an initiative by Clean Trails that calls on people to join or start a cleanup project in their communities. In 2024, Foresters invested about $187,000 to support building and beautifying gardens and communities across US, UK and Canada. Playground Builds: To provide equitable access to safe play spaces across the 3 countries that we represent (US, UK, and Canada), Foresters has partnered with the following organizations: KaBOOM! (NA): KaBOOM! is a national non-profit organization dedicated to bringing balanced active play into the daily lives of all kids. With the help of members, employees, and our sales partners, we built 2 playgrounds in 2024, one in Fullerton, California, and the other in Toronto, Ontario, Canada. As of the end of 2024, we hit 175 playspaces in North America. Timotay Playscapes (UK): Timotay designs and installs playgrounds for schools, nurseries, and public spaces for children of all ages and abilities, recognizing that outdoor play is not just for fun, but it is an important part of every child's physical, social, educational, and cognitive development. In 2024, with the help of members and employees, we built 1 playground in Staffordshire, England. In 2024, Foresters invested over $409,000 to support building equitable and safe playspaces for children in communities across US, UK and Canada. Cash for Kids (UK): Cash for Kids is an umbrella brand for Bauer Radio's network of registered local charities. Since 2009, Foresters has been working with Cash for Kids to provide volunteer opportunities for our members that support children and family time. In 2024, Foresters provided $30,668 to sponsor the Cash for Kids Mission Christmas campaign. With this support, the campaign raised

Financial Efficiency

• Mission deployment rate: 92.3%; rating input score 92
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Limited
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 99.8%; rating input score 100; 44th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 93.3%; rating input score 93; 44th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 8.8%; rating input score 69; 69th percentile among comparable filings
• Total-asset coverage ratio: 6.81; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.71; rating input score 21; 21st percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 59; 59th percentile among comparable filings

Growth

• Program expense growth: 17.1% per year; rating input score 100; 90th percentile among comparable filings
• Revenue growth: 4.7% per year; rating input score 100; 40th percentile among comparable filings
• Asset growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings