You need to know how much it's making and some real palpable measures of its success. As well as revenue it would be good to investigate it's age, traffic, backlink profile, positions on Google, other sources of traffic etc.
How old is the site?
What forum software does it use?
How active are those members who do post stuff?
What is the niche?
How much money does it generate and via what methods?
What other methods could you use to increase that revenue?
Does it have any Mods looking after it already?
I am sure there are more questions but it's 2am here in the UK and the coffee is wearing off.
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