THE HAVEN PROJECT INC (EIN 453797693) - 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

2011

Legal Domicile

Principal Officer

TRACEY SCHERRER

Phone

7819135738

Tax Period

2023-01-01 to 2023-12-31

THE HAVEN PROJECT INC, founded in 2011, is a small nonprofit that reported $713K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $881K exceeded revenue, resulting in a 24% operating deficit.

Mission

EQUIP AND EMPOWER HOMELESS OR IMMINENTLY HOMELESS YOUNG ADULTS WITH SKILLS AND SUPPORT THEY NEED TO BE SAFE AND SELF-SUPPORTING.

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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 $598,308

Program Service Revenue $110,465

Investment Income $0

Other Revenue $4,385

TOTAL REVENUE $713,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620,103

Fundraising Expenses $102,463

Program Expenses $570,008

Other Expenses $261,373

TOTAL EXPENSES $881,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,158	$891,124	-0.2%
Expenses	$881,476	$794,817	+0.1%
Net Income	$-168,318	$96,307	-2.7%

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

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

$107,213

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY SCHERRER	EXECUTIVE DIRECTOR	40.00	Officer	$104,090	$3,123	$107,213
KURT LANGE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT BISHOP	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CECILIO HERNANADEZ JR	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL A SATTERWHITE	CLERK	1.00	Officer Director	$0	$0	$0
THERESA CONTI	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN KING	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE CHIANG	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$713,158	$881,476	$950,315	$-168,318
2022	$891,124	$794,817	$1,125,982	$96,307
2021	$1,113,632	$541,130	$1,292,531	$572,502
2020	$716,653	$583,424	$758,481	$133,229

THE HAVEN PROJECT INC