HAVEN MINISTRIES INC

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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

2009

Legal Domicile

Principal Officer

PETER GRIM

Phone

4107394363

Tax Period

2025-01-01 to 2025-12-31

HAVEN MINISTRIES INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 10% surplus.

Mission

PROVIDING HOPE TO THOSE IN NEED IN QUEEN ANNE'S COUNTY BY SUPPLYING SHELTER, CLOTHING, FOOD, AND SUPPORT. PROGRAMS INCLUDE A HOMELESS SHELTER, DAILY THREAD THRIFT SHOP, EMERGENCY FOOD PANTRY, RESOURCE CENTER, WAREHOUSE WITH JOB TRAINING, AND INTENSIVE CASE MANAGEMENT PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $161,834

THE HAVEN SHELTER IS AN EMERGENCY, WINTER HOMELESS SHELTER OPEN TO MEN, WOMEN AND CHILDREN. HOPE HOMES IS A TRANSITIONAL SHELTER FOR MEN, WOMEN, AND CHILDREN. SERVICES INCLUDE MEALS, CLOTHING...

THE HAVEN SHELTER IS AN EMERGENCY, WINTER HOMELESS SHELTER OPEN TO MEN, WOMEN AND CHILDREN. HOPE HOMES IS A TRANSITIONAL SHELTER FOR MEN, WOMEN, AND CHILDREN. SERVICES INCLUDE MEALS, CLOTHING, COUNSELING, AND OTHER LIFE NECESSITIES.

Program 2

Expenses: $744,239 Revenue: $519,882

THE DAILY THREAD IS A THRIFT STORE THAT PROVIDES CLOTHING AND HOUSEHOLD GOODS AT AFFORDABLE PRICES. IT ALSO SERVES AS A VOLUNTEER OPPORTUNITY FOR CLIENTS. THE WAREHOUSE IS A STORE WHERE LARGER...

THE DAILY THREAD IS A THRIFT STORE THAT PROVIDES CLOTHING AND HOUSEHOLD GOODS AT AFFORDABLE PRICES. IT ALSO SERVES AS A VOLUNTEER OPPORTUNITY FOR CLIENTS. THE WAREHOUSE IS A STORE WHERE LARGER APPLIANCES AND HOUSEHOLD GOODS CAN BE PURCHASED AT AFFORDABLE PRICES.

Program 3

Expenses: $811,060

MAINTAINS TWO EMERGENCY FOOD PANTRIES. ONE FOOD PANTRY IS A STORE WHERE THE PUBLIC CAN SHOP FOR WHAT THEY NEED. PROVIDES A CONSISTENT FOOD DISTRIBUTION THROUGH A FOOD PANTRY TRUCK IN SUDLERSVILLE, AN AREA OF THE COUNTY EXPERIENCING A HIGH VOLUME OF FOOD INSECURITY. PARTNERS WITH THE MARYLAND FOOD BANK AND QUEEN ANNE'S COUNTY PUBLIC SCHOOLS, AS WELL AS MANY COMMUNITY VOLUNTEERS TO PROVIDE AND DISTRIBUTE FOOD. OVER 20,000 POUNDS OF FOOD IS DISTRIBUTED MONTHLY INTO THE COMMUNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,857,846

Program Service Revenue $538,905

Investment Income $38,397

Other Revenue $82,345

TOTAL REVENUE $2,517,493

Expense Breakdown

Grants Paid $70,097

Salaries & Benefits $533,043

Fundraising Expenses $107,872

Program Expenses $2,019,649

Other Expenses $1,663,319

TOTAL EXPENSES $2,266,459

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,517,493	$1,720,731	+0.5%
Expenses	$2,266,459	$1,699,779	+0.3%
Net Income	$251,034	$20,952	+11.0%

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

125

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

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER GRIM	EXECUTIVE DIRECTOR	40.00	Director	$90,000	$0	$90,000
JACK GOTTSCHALK	PRESIDENT	5.00	Officer Director	$0	$0	$0
ED WILSON	TREASURER	15.00	Officer Director	$0	$0	$0
ANTOINETTE MCDOWELL	MEMBER	2.00	Director	$0	$0	$0
MOLLY CANNON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE KENNEDY	MEMBER	2.00	Director	$0	$0	$0
FRANK DAY	MEMBER	2.00	Director	$0	$0	$0
CINDY JACOBS	MEMBER	2.00	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	$2,517,493	$2,266,459	$2,972,400	$251,034
2024	No data	No data	No data	No data
2023	$1,389,181	$1,287,429	$2,772,943	$101,752
2022	$1,435,920	$1,117,722	$2,727,669	$318,198
2021	$1,376,846	$641,321	$2,241,766	$735,525
2020	$1,350,424	$628,013	$1,439,383	$722,411
2019	$599,207	$443,438	$728,595	$155,769
2018	$464,576	$369,150	$571,209	$95,426