RACHELS HAVEN INC (EIN 202236485) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JANICE PAYNE

Phone

2767964491

Tax Period

2024-01-01 to 2024-12-31

RACHELS HAVEN INC, founded in 2005, is a community nonprofit in the Mental Health sector that reported $1.8M in total revenue in fiscal year 2018. Expenses of $1.8M left a modest 4% surplus.

Mission

PROVISION OF HOUSING AND ACCOMODATION SERVICES FOR MENTALLY CHALLENGED INDIVIDUALS WITH THE PURPOSE OF ENRICHING THEIR LIVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,319,627

Program Service Revenue $0

Investment Income $-1,884

Other Revenue $0

TOTAL REVENUE $2,317,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,397,760

Fundraising Expenses $0

Program Expenses $1,905,738

Other Expenses $668,382

TOTAL EXPENSES $2,066,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,317,743	$2,141,680	+0.1%
Expenses	$2,066,142	$1,985,857	+0.0%
Net Income	$251,601	$155,823	+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

295

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
JODIE ADAMS	DIRECTOR	N/A	Director	$0	$0	$0
JANICE PAYNE	PRESIDENT	N/A	Officer Director	$0	$0	$0
TERRY PAYNE	VICE PRESIDE	N/A	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	$2,317,743	$2,066,142	$1,230,301	$251,601
2023	$2,141,680	$1,985,857	$978,698	$155,823
2022	$2,067,420	$1,838,521	$842,754	$228,899
2021	$1,804,836	$1,668,641	$614,767	$136,195
2020	$1,708,088	$1,616,387	$486,922	$91,701
2019	$1,670,371	$1,583,535	$375,991	$86,836
2018	$1,835,478	$1,763,191	$300,827	$72,287

RACHELS HAVEN INC