HAVEN HOMES INC (EIN 416045816) - 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

MATTHEW KERN

Phone

9528555000

Tax Period

2024-01-01 to 2024-12-31

HAVEN HOMES INC, founded in 1965, is a mid-sized nonprofit in the Health Care sector that reported $16.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $15.8M left a modest 5% surplus.

Mission

TO PROVIDE HEALTH CARE, HOUSING AND SERVICES FOR THE ELDERLY.

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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 $606,252

Program Service Revenue $15,728,988

Investment Income $135,376

Other Revenue $83,674

TOTAL REVENUE $16,554,290

Expense Breakdown

Grants Paid $2,092

Salaries & Benefits $8,895,865

Fundraising Expenses $0

Program Expenses $13,759,098

Other Expenses $6,903,067

TOTAL EXPENSES $15,801,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,554,290	$15,165,955	+0.1%
Expenses	$15,801,024	$14,444,943	+0.1%
Net Income	$753,266	$721,012	+0.0%

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

328

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

$3,036,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DAHL	PRESIDENT/CEO	1.43	Officer	$0	$137,532	$822,196
KATHY YOUNGQUIST	CHIEF FINANCIAL OFFICER	1.43	Officer	$0	$96,215	$584,006
MATTHEW KERN	CHIEF OPERATING OFFICER	1.43	Officer	$0	$103,563	$487,527
KATHY KOPP	CHIEF STRATEGIC OFFICER	1.43	Officer	$0	$105,002	$437,591
ANGELA BROWN	CHIEF HUMAN RESOURCE OFFICER	1.43	Officer	$0	$83,403	$364,082
SHARON WILSON	CHIEF CLINICAL AND COMPLIANCE OFFICER	1.43	Officer	$0	$62,508	$340,601
JOSH BROWN	ADMINISTRATOR	40.00	Highest	$148,939	$42,718	$191,657
HEIDI LAFAVE	DIRECTOR OF NURSING	40	Highest	$132,589	$33,551	$166,140
CHRIS ORR	DIRECTOR OF HOUSING	40	Highest	$116,654	$30,466	$147,120
MOLLY MCCONVILLE	RN	40	Highest	$100,853	$32,642	$133,495
ETHEL LYEL EDU	RN	40	Highest	$101,230	$18,771	$120,001
NIKKI WEBER DANIELS	CHAIR AND DIRECTOR	0.25	Officer Director	$0	$0	$0
MICHAEL ADERINKOMI	VICE CHAIR AND DIRECTOR	0.25	Officer Director	$0	$0	$0
JON ADDINGTON	SECRETARY AND DIRECTOR	0.25	Officer Director	$0	$0	$0
PATRICK NUSS	DIRECTOR	0.25	Director	$0	$0	$0
LORES VLAMINCK	DIRECTOR	0.25	Director	$0	$0	$0
PAUL ANDERSON	SECRETARY AND DIRECTOR (THRU MARCH)	0.25	Officer 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	$16,554,290	$15,801,024	$40,075,730	$753,266
2023	$15,165,955	$14,444,943	$39,727,967	$721,012
2022	$12,311,418	$13,734,401	$39,908,058	$-1,422,983
2021	$9,679,391	$12,676,095	$40,783,175	$-2,996,704
2020	$6,068,925	$6,450,729	$48,238,887	$-381,804

HAVEN HOMES INC