The Haven of Transylvania County

EIN: 271124164 501(c)(3) Human Services

Brevard, NC

Total Revenue
$556,756
Total Expenses
$395,817
Total Assets
$1,120,812
Net Assets
$1,099,189
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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
NC
Principal Officer
Jay Farrell
Phone
8288772040
Tax Period
2024-01-01 to 2024-12-31

The Haven of Transylvania County, founded in 2009, is a small nonprofit in the Human Services sector that reported $557K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $161K, a strong 29% operating margin.

Mission

To bridge the gap between homelessness and permanent housing for both families and individuals. We are dedicated to providing a safe, transitional shelter, along with essential services.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $546,164
Program Service Revenue $0
Investment Income $6,893
Other Revenue $3,699
TOTAL REVENUE $556,756

Expense Breakdown

Grants Paid $1,004
Salaries & Benefits $258,644
Fundraising Expenses $26,407
Program Expenses $323,409
Other Expenses $136,169
TOTAL EXPENSES $395,817

Year-over-Year Comparison

2024 2023 Change
Revenue $556,756 $498,901 +0.1%
Expenses $395,817 $384,910 +0.0%
Net Income $160,939 $113,991 +0.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
40

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
5
$64,915
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Emily Lowery Executive Director 40.00
Officer
$64,915 $0 $64,915
Jay Farrell President 5.00
Officer Director
$0 $0 $0
Richard Zollinger Vice President 3.00
Officer Director
$0 $0 $0
Debbie Dove Treasurer 12.00
Officer Director
$0 $0 $0
Nancy Watts Secretary 3.00
Officer Director
$0 $0 $0
Alan Assner Director 2.00
Director
$0 $0 $0
Jill Beach Director 1.00
Director
$0 $0 $0
Dick Benson Director 2.00
Director
$0 $0 $0
Desmond Duncker Director 6.00
Director
$0 $0 $0
Tyree Griffin Director 1.00
Director
$0 $0 $0
Elly Leidner Director 1.00
Director
$0 $0 $0
Colin Pelton Vice President 1.00
Director
$0 $0 $0
Craig Zimring Director 1.00
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 No data No data No data No data
2024 $556,756 $395,817 $1,120,812 $160,939
2023 $498,901 $384,910 $946,140 $113,991
2022 $560,608 $425,900 $835,050 $134,708
2021 $392,469 $359,643 $698,592 $32,826
2020 $429,258 $305,994 $665,766 $123,264
2019 $121,583 $251,932 $542,360 $-130,349
2018 $410,299 $209,118 $754,579 $201,181
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