FAIR HAVENS INC (EIN 042125640) - 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

ANGELA BOVILL

Phone

5089471660

Tax Period

2024-07-01 to 2025-06-30

FAIR HAVENS INC, founded in 1951, is a mid-sized nonprofit that reported $21.0M in total revenue in fiscal year 2024. Expenses of $20.1M left a modest 4% surplus.

Mission

WE ARE CALLED TO STRENGTHEN COMMUNITIES BY EMPOWERING PEOPLE TO RESPOND TO LIFE'S CHALLENGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,657,790

Investment Income $268,886

Other Revenue $82,358

TOTAL REVENUE $21,009,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,340,433

Fundraising Expenses $0

Program Expenses $17,101,179

Other Expenses $8,802,985

TOTAL EXPENSES $20,143,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,009,034	$20,875,176	+0.0%
Expenses	$20,143,418	$19,440,244	+0.0%
Net Income	$865,616	$1,434,932	-0.4%

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

376

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

$2,059,178

Total Directors

$753,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA BOVILL	PRESIDENT & CEO	1.00	Officer Director	$0	$42,601	$753,028
KRISTINE HANSCOM	EXECUTIVE VP/CFO/COO	1.00	Officer	$0	$29,353	$352,561
CHRISTINE TAPPAN	CHIEF OF STRATEGIC ADVANCEMENTS	1.00	Officer	$0	$377	$245,850
BRENNA SCHNEIDER	CHIEF OR SOCIAL INNOVATION	1.00	Officer	$0	$17,539	$200,183
PAUL HALSTEAD	CHIEF TECHNOLOGY OFFICER	1.00	Officer	$0	$23,581	$207,162
NICHOLAS RUSSO	SR. DIR. OF TREASURY	1.00	Officer	$0	$4,334	$149,050
KAREN BECK	NURSING	40.00	Highest	$137,743	$4,322	$142,065
ELIZABETH MAHONEY	NURSING	40.00	Highest	$137,424	$0	$137,424
JESSICA MACDONALD	ADMINISTRATOR	40.00	Highest	$125,331	$0	$125,331
DEBRA HITE-FORKEY	NURSING	40.00	Highest	$124,006	$6,724	$130,730
MICHAEL PEDERSON	NURSING	40.00	Highest	$105,438	$2,276	$107,714
TARA BROWNE	CLERK/EXECUTIVE ASSISTANT	1.00	Officer	$0	$6,881	$82,463
NICHOLAS SOUSA	ASST. CLERK/EXECUTIVE ASSISTANT	1.00	Officer	$0	$8,522	$68,881
KEITH ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM MAYO	DIRECTOR/PAST PRESIDENT	0.50	Director	$0	$0	$0
FREDERICK JENOURE	CHAIR	0.50	Officer Director	$0	$0	$0
THE REV ROSS GOODMAN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ASHISH COWLAGI	SECRETARY	0.50	Officer Director	$0	$0	$0
ALEXANDER BARTHOLOMEW	FINANCIAL SECRETARY	0.50	Officer 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
2025	$21,009,034	$20,143,418	$36,605,435	$865,616
2024	$20,875,176	$19,440,244	$36,282,505	$1,434,932
2023	$19,614,344	$19,030,322	$35,331,638	$584,022
2022	$20,020,893	$17,797,687	$37,291,106	$2,223,206
2021	$18,232,969	$16,044,488	$28,862,438	$2,188,481
2020	$16,912,673	$15,439,188	$29,614,542	$1,473,485
2019	$16,372,607	$15,043,703	$27,578,353	$1,328,904
2018	$15,905,845	$14,472,997	$28,726,219	$1,432,848

FAIR HAVENS INC