OUR LADY'S HAVEN OF FAIRHAVEN INC (EIN 042106632) - 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

1951

Legal Domicile

Principal Officer

EDGAR M DA CUNHA

Phone

5086798154

Tax Period

2023-01-01 to 2023-12-31

OUR LADY'S HAVEN OF FAIRHAVEN INC, founded in 1951, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDES SKILLED NURSING & REHABILITATIVE CARE FOR THE FRAIL & ELDERLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $47,091

Program Service Revenue $9,122,921

Investment Income $5,922

Other Revenue $222,985

TOTAL REVENUE $9,398,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,494,049

Fundraising Expenses $0

Program Expenses $8,809,569

Other Expenses $4,187,160

TOTAL EXPENSES $9,681,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,398,919	$8,471,030	+0.1%
Expenses	$9,681,209	$9,206,070	+0.1%
Net Income	$-282,290	$-735,040	-0.6%

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

135

Volunteers

N/A

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
MOST REVEREND EDGAR M DA CUNHA	M + PRESIDENT	1.00	Officer Director	$0	$0	$0
REVEREND DAVID A PIGNATO	M + SECRETARY	1.00	Officer Director	$0	$0	$0
REVEREND MSGR JOHN J OLIVEIRA	M + DIRECTOR	1.00	Director	$0	$0	$0
REVEREND JOHN J OLIVEIRA	M + DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KILEY	M + TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE ROQUE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
CARL TABER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
REV JOHN M SULLIVAN UNTIL OCT 2023	M + DIRECTOR	1.00	Director	$0	$0	$0
DOREEN VERTENTES	NURSE SUPERVISOR	40.00	Highest	$183,536	$10,513	$194,049
STACY PINA	CNA	40.00	Highest	$100,613	$2,449	$103,062
PIPER SILVA	STAFF DEVELOP/IC	40.00	Highest	$109,283	$2,660	$111,943

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
2024	No data	No data	No data	No data
2023	$9,398,919	$9,681,209	$2,158,309	$-282,290
2022	$8,471,030	$9,206,070	$2,056,100	$-735,040
2021	$8,234,048	$8,028,989	$2,924,938	$205,059
2020	$10,983,172	$9,737,054	$3,235,307	$1,246,118
2019	$10,219,684	$10,577,262	$2,744,863	$-357,578
2018	$10,326,024	$10,940,883	$2,301,095	$-614,859

OUR LADY'S HAVEN OF FAIRHAVEN INC