Newark, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Fairmont Health Services Inc, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $589K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.
Fairmont Health Services is a social services organization that owns and operates a residential homeless shelter that provides meals, shelter and ancillary services
Fairmont Health Services ,Inc. is a dedicated social services organization committed to empowering individuals experiencing homelessness. We operate a residential homeless shelter that provides a...
Fairmont Health Services ,Inc. is a dedicated social services organization committed to empowering individuals experiencing homelessness. We operate a residential homeless shelter that provides a safe, clean and confidential enviroment, ensuring our clients can find stability and support as they navigate their journey toward independence. Our comprehensive range of services includes a well stocked food pantry and access to trained case managers who are passionate about making a difference. These professionals assist clients in obtaining government identification documents and navigating healthcare services, including substance abuse treatment and mental health care. We guide our clients through the application processes for SNAp benefits and Lifeline free government-issued cell phones, ensuring they receive the resources they need. See Part III, Ln 4 statement
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $589,228 | $736,165 | -0.2% |
| Expenses | $643,572 | $665,689 | 0.0% |
| Net Income | $-54,344 | $70,476 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Wendy Shelton | Secretary | 30.00 |
Officer
Director
Key Emp
|
$72,911 | $0 | $72,911 |
| William Shelton | President | 15.00 |
Officer
Director
|
$34,176 | $0 | $34,176 |
| Francis Dixon | Member | 3.00 |
Director
|
$0 | $0 | $0 |
| Stanley Varon | Chairman | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $589,228 | $643,572 | $479,002 | $-54,344 |
| 2023 | $736,165 | $665,689 | $658,040 | $70,476 |
| 2022 | $487,512 | $405,987 | $507,683 | $81,525 |
| 2021 | $568,806 | $493,207 | $587,726 | $75,599 |
| 2020 | $314,241 | $333,510 | $493,520 | $-19,269 |
| 2019 | $308,372 | $278,711 | $493,520 | $29,661 |
| 2018 | $289,459 | $319,960 | $492,480 | $-30,501 |
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