FAIRHAVEN RESCUE MISSION (EIN 311099653) - 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

1984

Legal Domicile

Principal Officer

DARCY DIERING

Phone

8594911027

Tax Period

2024-01-01 to 2024-12-31

FAIRHAVEN RESCUE MISSION, founded in 1984, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FOR THE PHYSICAL & SPIRITUAL NEEDS OF DISADVANTAGED MEN, WOMEN, & CHILDREN OF NORTHERN KENTUCKY

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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 $2,482,442

Program Service Revenue $0

Investment Income $12,134

Other Revenue $-15,035

TOTAL REVENUE $2,479,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $780,085

Fundraising Expenses $132,925

Program Expenses $2,472,181

Other Expenses $1,996,981

TOTAL EXPENSES $2,777,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,479,541	$2,792,680	-0.1%
Expenses	$2,777,066	$2,881,660	0.0%
Net Income	$-297,525	$-88,980	+2.3%

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

1772

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

$124,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN JOHNSON	EXECUTIVE DIRECTOR-INTERIM	40.00	Director	$124,658	$0	$124,658
TRACY O' KEEFE	PRESIDENT	5.00	Officer Director	$0	$0	$0
CLIFF DALY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CAMERON PARKER	TREASURER	5.00	Officer Director	$0	$0	$0
JAY KNOCHEL	SECRETARY	2.00	Officer Director	$0	$0	$0
JERRY BETTNER	BOARD MEMBER	5.00	Director	$0	$0	$0
STEVE STOCKMAN	BOARD MEMBER	5.00	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
2024	$2,479,541	$2,777,066	$1,039,235	$-297,525
2023	$2,792,680	$2,881,660	$1,324,493	$-88,980
2022	$1,367,391	$1,427,817	$1,404,704	$-60,426
2021	$1,260,883	$1,159,926	$1,467,983	$100,957
2020	$1,282,295	$1,218,408	$1,378,744	$63,887
2019	$1,373,956	$1,408,008	$1,309,078	$-34,052
2018	$1,438,532	$1,561,618	$1,374,448	$-123,086

FAIRHAVEN RESCUE MISSION