FAIRHAVEN CHRISTIAN RETIREMENT CENTER (EIN 362606227) - 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

1965

Legal Domicile

Principal Officer

JEFF REIERSON

Phone

8158771441

Tax Period

2024-01-01 to 2024-12-31

FAIRHAVEN CHRISTIAN RETIREMENT CENTER, founded in 1965, is a mid-sized nonprofit in the Housing & Shelter sector that reported $18.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $17.9M left a modest 3% surplus.

Mission

PROVIDE A COMFORTABLE LIFESTYLE AND EXCEPTIONAL CARE WHICH ENHANCES QUALITY OF LIFE IN A MANNER THAT GLORIFIES GOD.

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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 $291,932

Program Service Revenue $16,070,536

Investment Income $247,187

Other Revenue $1,883,344

TOTAL REVENUE $18,492,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,935,729

Fundraising Expenses $57,943

Program Expenses $16,366,290

Other Expenses $6,919,409

TOTAL EXPENSES $17,913,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,492,999	$16,617,499	+0.1%
Expenses	$17,913,081	$17,228,484	+0.0%
Net Income	$579,918	$-610,985	-1.9%

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

353

Volunteers

119

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

$296,903

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK SCHLUETER	PRESIDENT	0.50	Officer Director	$0	$0	$0
GREG JOHNSON	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
RITA VERSENDAAL	SECRETARY	0.50	Officer Director	$0	$0	$0
STEVE SJOGREN	TREASURER	0.50	Officer Director	$0	$0	$0
BRENDA BUZZARD	VICE SECRETARY	0.25	Officer Director	$0	$0	$0
LINDA DOHERTY	DIRECTOR	0.25	Director	$0	$0	$0
TOM EWING	DIRECTOR	0.50	Director	$0	$0	$0
TERRY JOINER	DIRECTOR	0.25	Director	$0	$0	$0
DAN NYBERG	DIRECTOR	0.25	Director	$0	$0	$0
DWIGHT SWANSON	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD THOMPSON	DIRECTOR	0.25	Director	$0	$0	$0
RANDY VOORHIES	DIRECTOR	0.25	Director	$0	$0	$0
DAVID WILES	DIRECTOR	1.00	Director	$0	$0	$0
PALMER KLAAS	DIRECTOR (THRU OCT 24)	0.75	Director	$0	$0	$0
DAVID NORBERG	DIRECTOR (THRU JAN 24)	0.75	Director	$0	$0	$0
JEFF REIERSON	EXECUTIVE DIRECTOR	40.00	Officer	$177,013	$9,573	$186,586
KEITH PENNINGTON	DIRECTOR OF FINANCE	40.00	Officer	$98,628	$11,689	$110,317
CORAZON OLAYBAL LOLENG	REGISTERED NURSE	40.00	Highest	$143,160	$0	$143,160
CHRISTINE HINTZSCHE	DIRECTOR OF NURSING	40.00	Highest	$107,275	$8,003	$115,278
LOREN B CABRAL	REGISTERED NURSE	40.00	Highest	$102,174	$6,539	$108,713

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	$18,492,999	$17,913,081	$28,025,443	$579,918
2023	$16,617,499	$17,228,484	$26,620,130	$-610,985
2022	$15,646,998	$16,733,311	$26,813,696	$-1,086,313
2021	$15,992,551	$15,316,876	$28,131,692	$675,675
2020	$16,321,649	$14,983,939	$30,236,706	$1,337,710
2019	$14,083,327	$13,756,432	$29,117,405	$326,895
2018	$13,837,994	$13,458,881	$27,564,377	$379,113

FAIRHAVEN CHRISTIAN RETIREMENT CENTER