FAITH HAVEN CAMP INC (EIN 320688838) - 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

2022

Legal Domicile

Principal Officer

STACY THORMODSON

Phone

2188645303

Tax Period

2024-01-01 to 2024-12-31

FAITH HAVEN CAMP INC, founded in 2022, is a small nonprofit in the Religion sector that reported $248K in total revenue in fiscal year 2024. Expenses of $282K exceeded revenue, resulting in a 14% operating deficit.

Mission

OUR MISSION IS TO PROMOTE SPIRITUAL GROWTH, CHRISTIAN FELLOWSHIP AND ENHANCE YOUTH DEVELOPMENT.

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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 $69,761

Program Service Revenue $171,750

Investment Income $3,870

Other Revenue $3,082

TOTAL REVENUE $248,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,883

Fundraising Expenses $6,604

Program Expenses $275,708

Other Expenses $199,429

TOTAL EXPENSES $282,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,463	$250,769	0.0%
Expenses	$282,312	$200,592	+0.4%
Net Income	$-33,849	$50,177	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY THORMODSON	President	1.00	Officer Director	$0	$0	$0
JEFF OLSON	BOARD MEMBER	1.00	Officer	$0	$0	$0
SUE DUNCAN	Secretary	1.00	Officer	$0	$0	$0
BEAU FABIAN	Treasurer	1.00	Officer	$0	$0	$0
MARY MONSRUD	BOARD MEMBER	1.00	Officer	$0	$0	$0
ERIK HENDRICKSON	BOARD MEMBER	1.00	Officer	$0	$0	$0
RACHEL HOVLAND	BOARD MEMBER	1.00	Officer	$0	$0	$0
HEIDI KENT	BOARD MEMBER	1.00	Officer	$0	$0	$0
MYRNA VANWATERMULEN	BOARD MEMBER	1.00	Officer	$0	$0	$0
ANDREW WALBERG	Vice President	1.00	Officer	$0	$0	$0
MISSI ABFALTER	BOARD MEMBER	1.00	Officer	$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	$248,463	$282,312	$3,353,341	$-33,849
2023	$250,769	$200,592	$3,351,478	$50,177

FAITH HAVEN CAMP INC