The Haven of Transylvania County

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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

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, to empower those in need and pave the way toward lasting independence.

Program Service Accomplishments

Program 1

Expenses: $323,409 Revenue: $0

Expanded Facilities - In 2024, we added 800 square feet to our shelter, creating additional offices and meeting rooms. This expansion allows us to better serve our guests in a private and comfortable setting. Strengthened Mental Health Counseling - We took a significant step forward in supporting our guests by enhancing our mental health counseling services. Guests are now able to meet with a trained clinician on site as frequently as needed, fostering emotional well-being and recovery.

Program 2

Enhanced Garden - Our garden continues to flourish! We expanded to include raised beds for growing vegetables and herbs, enabling us to provide fresh, homegrown produce. With dedicated spaces for...

Enhanced Garden - Our garden continues to flourish! We expanded to include raised beds for growing vegetables and herbs, enabling us to provide fresh, homegrown produce. With dedicated spaces for children to engage in hands-on learning and gardening activities, the garden is ready for any level of experience and ages. Held in High Regard by the Community - Were proud to celebrate being awarded a perfect 100 score and a four-start rating by Charity Navigator. This recognition underscores our commitment to transparency, accountability, and impact services.

Program 3

Initiated Strategic Planning - Looking forward to the future, we initiated the development of a comprehensive long-term strategic plan. This process has helped us identify key areas for future growth and enhancement to better service our community. Since 2011, The Haven has provided shelter for almost 900 people, including 224 children.

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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 $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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$64,915

Total Directors

Key Employees

Highest Compensated

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