FAIR HAVEN INC (EIN 203710770) - 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

2006

Legal Domicile

Principal Officer

KELLY VATES

Phone

2199614357

Tax Period

2024-08-01 to 2025-07-31

FAIR HAVEN INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 9% surplus.

Mission

TO PROVIDE FAITH-FOCUSED SERVICES TO THOSE AFFECTED BY SEXUAL VIOLENCE AND TRAUMA.

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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 $1,471,304

Program Service Revenue $0

Investment Income $3,149

Other Revenue $37,795

TOTAL REVENUE $1,512,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,140,077

Fundraising Expenses $6,868

Program Expenses $1,235,544

Other Expenses $240,880

TOTAL EXPENSES $1,380,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,512,248	$2,151,604	-0.3%
Expenses	$1,380,957	$1,302,579	+0.1%
Net Income	$131,291	$849,025	-0.8%

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

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	Role	Reportable Comp	Other Comp	Total
JULIE OLTHOFF	BOARD MEMBER	Director	$0	$0	$0
JOE VATES	BOARD MEMBER	Director	$0	$0	$0
BRIAN MAUGER	BOARD MEMBER	Director	$0	$0	$0
KELLY VATES	EXECUTIVE DIRECTOR	Officer	$0	$0	$0
KRISTEN PULICE	VICE-CHAIR	Officer	$0	$0	$0
ROBIN BECKER	TREASURER	Officer	$0	$0	$0
NADINE ALI	BOARD CHARIMAN	Officer	$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	$1,512,248	$1,380,957	$1,008,957	$131,291
2024	$2,151,604	$1,302,579	$921,688	$849,025
2023	$1,084,944	$962,674	$150,095	$122,270
2022	$763,367	$864,706	$74,019	$-101,339
2021	$576,532	$593,960	$72,304	$-17,428
2020	$694,788	$576,212	$126,688	$118,576
2019	$511,762	$545,014	$17,496	$-33,252

FAIR HAVEN INC