FAMILY HAVEN INC (EIN 341363623) - 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

1982

Legal Domicile

Principal Officer

LEONARD SOTT JR

Phone

4402502773

Tax Period

2023-01-01 to 2023-12-31

FAMILY HAVEN INC, founded in 1982, is a small nonprofit in the Human Services sector that reported $445K in total revenue in fiscal year 2023.

Mission

TO PROVIDE CARE AND SUPPORT TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. THE ORGANIZATION HOUSES AND CARES FOR 4 TO 5 ADULTS WITH DEVELOPMENTAL DISABILITIES. A SAFE HOME IS PROVIDED IN WHICH EACH RESIDENT CAN DEVELOP TO HIS OR HER FULLEST POTENTIAL WITHIN THE LIMITS OF THEIR DISABILITIES. SOME CARE IS PROVIDED FOR SIMILIAR ADULTS IN THEIR OWN HOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $61,949

Program Service Revenue $376,591

Investment Income $6,138

Other Revenue $0

TOTAL REVENUE $444,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,548

Fundraising Expenses $817

Program Expenses $397,345

Other Expenses $132,388

TOTAL EXPENSES $479,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,678	$431,984	+0.0%
Expenses	$479,936	$442,452	+0.1%
Net Income	$-35,258	$-10,468	+2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD SOTT JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
BARBARA FABINAK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHY STANTON	SECRETARY	2.00	Officer Director	$0	$0	$0
THERESE KOOMAR	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES CHRISZT	TRUSTEE	2.00	Director	$0	$0	$0
LOUISE GRANT	TRUSTEE	2.00	Director	$0	$0	$0
DAVID SCHABEL	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$444,678	$479,936	$509,885	$-35,258
2022	$431,984	$442,452	$537,731	$-10,468
2021	$473,203	$421,316	$552,547	$51,887
2020	$479,700	$427,983	$541,219	$51,717
2019	$363,133	$381,805	$421,238	$-18,672
2018	$419,110	$418,810	$421,302	$300

FAMILY HAVEN INC