FAIRHAVEN HOMES 202 (EIN 201439346) - 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

2005

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

FAIRHAVEN HOMES 202, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $91K in total revenue in fiscal year 2024. Expenses of $155K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR INDIVIDUALS

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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 $21,212

Program Service Revenue $69,552

Investment Income $24

Other Revenue $0

TOTAL REVENUE $90,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,233

Fundraising Expenses $0

Program Expenses $133,662

Other Expenses $135,474

TOTAL EXPENSES $154,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,788	$89,950	+0.0%
Expenses	$154,707	$144,972	+0.1%
Net Income	$-63,919	$-55,022	+0.2%

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

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
MARK BRIGHAM	CHAIR	1.00	Officer Director	$0	$0	$0
ELAINE GOODNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY BYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER MARKWALTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLY MONTOYA	VICE CHAIR	1.00	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
2024	$90,788	$154,707	$1,089,492	$-63,919
2023	$89,950	$144,972	$1,149,628	$-55,022
2022	$83,252	$156,437	$1,212,120	$-73,185
2021	$86,320	$151,291	$1,222,435	$-64,971
2020	$86,085	$148,784	$1,308,114	$-62,699
2019	$85,336	$147,974	$1,353,590	$-62,638
2018	$86,525	$148,679	$1,419,565	$-62,154

FAIRHAVEN HOMES 202