FAIRHAVEN RESIDENTS ASSOCIATION INC (EIN 010608536) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

JOHN COURNOYER

Phone

4435402587

Tax Period

2021-01-01 to 2021-12-31

FAIRHAVEN RESIDENTS ASSOCIATION INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $181K in total revenue in fiscal year 2021. Expenses of $217K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROMOTE CHARITABLE, EDUCATIONAL, SPIRITUAL, AND RECREATIONAL ACTIVITIES FOR THE RESIDENTS OF FAIRHAVEN, A MARYLAND CONTINUING CARE RETIREMENT COMMUNITY (CCRC).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $133,653

Program Service Revenue $22,910

Investment Income $24,598

Other Revenue $0

TOTAL REVENUE $181,161

Expense Breakdown

Grants Paid $171,740

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,493

Other Expenses $45,753

TOTAL EXPENSES $217,493

Year-over-Year Comparison

	2021	2020	Change
Revenue	$181,161	$179,536	+0.0%
Expenses	$217,493	$169,026	+0.3%
Net Income	$-36,332	$10,510	-4.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN HIGBEE	PRESIDENT	12.00	Officer Director	$0	$0	$0
WILLIAM RUPPEL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
NORM DESMARIS	TREASURER	20.00	Officer Director	$0	$0	$0
BARBARA CLAGETT	SECRETARY	15.00	Officer Director	$0	$0	$0
JUDY RHOADES	DIRECTOR	1.00	Director	$0	$0	$0
CAROL HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MOREY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RAMSDEN	DIRECTOR	1.00	Director	$0	$0	$0
MARION LEITO	DIRECTOR	1.00	Director	$0	$0	$0
CAROL CHEATHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOY BAKER	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$181,161	$217,493	$512,228	$-36,332
2020	$179,536	$169,026	$519,336	$10,510

FAIRHAVEN RESIDENTS ASSOCIATION INC